Richard Wilson Solicitors Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05393894 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2015

for

Richard Wilson Solicitors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J B Howell-Pryce

Mrs K A Charles

R L H Long

Mrs T A Long

J M Charles

SECRETARIES:

Mrs K A Charles

J B Howell-Pryce

REGISTERED OFFICE:

Cymbal House

High Street

Goring on Thames

Berkshire

RG8 9AU

REGISTERED NUMBER:

05393894 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

Chartered Accountants

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

BANKERS:

HSBC Plc

High Street

Goring on Thames

Reading

Berkshire

RG8 9AS

FIXED ASSETS

Intangible assets

2

614,647

650,802

Tangible assets

3

8,530

6,300

623,177

657,102

CURRENT ASSETS

Debtors

464,554

369,181

Cash at bank and in hand

20,092

28,871

484,646

398,052

CREDITORS

Amounts falling due within one year

207,049

228,794

NET CURRENT ASSETS

277,597

169,258

TOTAL ASSETS LESS CURRENT LIABILITIES

900,774

826,360

CAPITAL AND RESERVES

Called up share capital

4

284

270

Share premium

34,420

-

Other reserves

70,000

70,000

Profit and loss account

796,070

756,090

SHAREHOLDERS' FUNDS

900,774

826,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2015 and were signed on its behalf by:

Mrs K A Charles - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is the value of services, net of value added tax, provided to customers during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of former businesses, is amortised

in equal instalments over 20 years, being the directors' estimate of its useful economic life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

837,280

AMORTISATION

At 1 April 2014

186,478

Amortisation for year

36,155

At 31 March 2015

222,633

NET BOOK VALUE

At 31 March 2015

614,647

At 31 March 2014

650,802

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

22,316

Additions

6,252

At 31 March 2015

28,568

DEPRECIATION

At 1 April 2014

16,016

Charge for year

4,022

At 31 March 2015

20,038

NET BOOK VALUE

At 31 March 2015

8,530

At 31 March 2014

6,300

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class Nominal Value: 2015 2014

£ £

30 A Ordinary £1 30 30

64 B Ordinary £1 64 64

88 C Ordinary £1 88 88

34 D Ordinary £1 34 34

54 E Ordinary £1 54 54

14 F Ordinary £1 14 -

284 270

The following shares were issued during the year;

14 F Ordinary Shares of £1 for cash £34,434.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2015 the company was owed by a director £26,005 (2014 : £20,441). During the year

the company made advances totalling £70,596 (2014 : £54,880) and received repayments totalling

£65,032 (2014 : £93,632) This loan has no fixed repayment terms and is interest free. The maximum

amount outstanding during the year was £46,141.

As at 31 March 2015 the Company was owed by a director £23,386 (2014 : £10,901). During the year

the company made advances totalling £68,417 (2014 £72,193) and received repayments totalling

£55,932 (2014 : £57,312). This loan has no fixed repayment terms and is interest free. The maximum

amount outstanding during the year was £36,081.

As at 31 March 2015 the company was owed by a director £45,448. During the year the company

made advances totalling £45,640 and received repayments totalling £192. This loan has no fixed

repayment terms and is interest free. The maximum amount outstanding during the year was £45,448.