ABBEY SOLICITORS LIMITED

ABBEY SOLICITORS LIMITED

ABBEY SOLICITORS LIMITED - Company Information

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ABBEY SOLICITORS LIMITED

Company Registration Number:
06404593 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

ABBEY SOLICITORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

ABBEY SOLICITORS LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 13,676 14,571
Total fixed assets: 13,676 14,571
Current assets
Stocks: 300,000 300,000
Debtors:   505,448 411,246
Cash at bank and in hand: 89,705 432,483
Total current assets: 895,153 1,143,729
Creditors: amounts falling due within one year: 4 (586,290) (561,086)
Net current assets (liabilities): 308,863 582,643
Total assets less current liabilities: 322,539 597,214
Creditors: amounts falling due after more than one year: 5 (30,739) (60,423)
Total net assets (liabilities): 291,800 536,791
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 291,700 536,691
Shareholders funds: 291,800 536,791

The notes form part of these financial statements

ABBEY SOLICITORS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2023
and signed on behalf of the board by:

Name: Nadeem Ullah
Status: Director

The notes form part of these financial statements

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents fees invoices for the supply of solicitors legal services.

Tangible fixed assets and depreciation policy

Depreciation is charged at 25 per cent per annum using the straight-line method.

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 36 37

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 62,177
At 31 March 2023 62,177
Depreciation
At 01 April 2022 47,606
Charge for year 895
At 31 March 2023 48,501
Net book value
At 31 March 2023 13,676
At 31 March 2022 14,571

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Trade Creditors £221,148, Taxation £88,057, Bank loans £1279707, other creditors £147,378.

ABBEY SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due after more than one year note

Bank loans £30,739.