Angela Taylor Criminal Solicitors Limited 31/08/2023 iXBRL

Angela Taylor Criminal Solicitors Limited 31/08/2023 iXBRL

ANGELA TAYLOR CRIMINAL SOLICITORS LIMITED - Company Information

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Company registration number: 11495320
Angela Taylor Criminal Solicitors Limited
Unaudited filleted financial statements
31 August 2023
Angela Taylor Criminal Solicitors Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Angela Taylor Criminal Solicitors Limited
Directors and other information
Directors I Cochrane
D S Doherty
Company number 11495320
Registered office 851-853 Stockport Road
Levenshulme
Manchester
Lancashire
M19 3PW
Business address 851-853 Stockport Road
Levenshulme
Manchester
Lancashire
M19 3PW
Accountants Alexander Bursk Limited
Parkgates, Bury New Road
Prestwich
Manchester
Lancashire
M25 0JW
Bankers Barclays Bank plc
1 Bridge Street
Stockport
Cheshire
SK1 1XU
Angela Taylor Criminal Solicitors Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Angela Taylor Criminal Solicitors Limited
Year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Angela Taylor Criminal Solicitors Limited for the year ended 31 August 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the board of directors of Angela Taylor Criminal Solicitors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Angela Taylor Criminal Solicitors Limited and state those matters that we have agreed to state to the board of directors of Angela Taylor Criminal Solicitors Limited as a body, in this report To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Angela Taylor Criminal Solicitors Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Angela Taylor Criminal Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Angela Taylor Criminal Solicitors Limited. You consider that Angela Taylor Criminal Solicitors Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Angela Taylor Criminal Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Alexander Bursk Limited
Accountants
Parkgates, Bury New Road
Prestwich
Manchester
Lancashire
M25 0JW
30 May 2024
Angela Taylor Criminal Solicitors Limited
Statement of financial position
31 August 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 118,833 141,833
Tangible assets 6 596 795
_______ _______
119,429 142,628
Current assets
Debtors 7 145,163 30,359
Cash at bank and in hand 128,925 284,013
_______ _______
274,088 314,372
Creditors: amounts falling due
within one year 8 ( 99,815) ( 130,848)
_______ _______
Net current assets 174,273 183,524
_______ _______
Total assets less current liabilities 293,702 326,152
_______ _______
Net assets 293,702 326,152
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 293,700 326,150
_______ _______
Shareholders funds 293,702 326,152
_______ _______
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 May 2024 , and are signed on behalf of the board by:
D S Doherty
Director
Company registration number: 11495320
Angela Taylor Criminal Solicitors Limited
Notes to the financial statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 851-853 Stockport Road, Levenshulme, Manchester, Lancashire, M19 3PW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 6 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 September 2022 and 31 August 2023 230,000 230,000
_______ _______
Amortisation
At 1 September 2022 88,167 88,167
Charge for the year 23,000 23,000
_______ _______
At 31 August 2023 111,167 111,167
_______ _______
Carrying amount
At 31 August 2023 118,833 118,833
_______ _______
At 31 August 2022 141,833 141,833
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 September 2022 and 31 August 2023 1,739 1,739
_______ _______
Depreciation
At 1 September 2022 944 944
Charge for the year 199 199
_______ _______
At 31 August 2023 1,143 1,143
_______ _______
Carrying amount
At 31 August 2023 596 596
_______ _______
At 31 August 2022 795 795
_______ _______
7. Debtors
2023 2022
£ £
Trade debtors 143,975 29,141
Other debtors 1,188 1,218
_______ _______
145,163 30,359
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 43,038 43,910
Social security and other taxes 22,934 22,464
Other creditors 33,843 64,474
_______ _______
99,815 130,848
_______ _______
9. Controlling party
The company is controlled by I Cochrane and D Doherty.