Shepherd Solicitors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06847991 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Shepherd Solicitors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

D P Shepherd

REGISTERED OFFICE:

Cadman House

Wharf Road

Sale

Cheshire

M33 2AF

REGISTERED NUMBER:

06847991 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Intangible assets

2

44,000

55,000

Tangible assets

3

848

1,131

44,848

56,131

CURRENT ASSETS

Debtors

91,382

122,087

CREDITORS

Amounts falling due within one year

4

105,349

130,509

NET CURRENT LIABILITIES

(13,967

)

(8,422

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,881

47,709

CREDITORS

Amounts falling due after more than one
year

6,264

18,450

NET ASSETS

24,617

29,259

CAPITAL AND RESERVES

Called up share capital

5

200

Profit and loss account

24,417

29,059

SHAREHOLDERS' FUNDS

24,617

29,259

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

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

The director acknowledges his 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 director on 25 May 2016 and were signed by:

D P Shepherd - Director

1.	ACCOUNTING POLICIES

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence for the foreseeable future. The validity of this assumption depends on the

continued support of the company's bankers and directors. Whilst the balance sheet shows net current liabilities,

the directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

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 January 2015).

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive

of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a

right to consideration has been obtained through performance under each contract. Consideration accrues as

contract activity progresses by reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the

company. Unbilled revenue is included in debtors within accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Work in progress

Following the publication of FRS5 Application Note G and UITF Abstract 40, various matters previously treated

as work in progress are now accounted for as accrued income as outlined above.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

110,000

AMORTISATION

At 1 September 2014

55,000

Amortisation for year

11,000

At 31 August 2015

66,000

NET BOOK VALUE

At 31 August 2015

44,000

At 31 August 2014

55,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

1,414

DEPRECIATION

At 1 September 2014

283

Charge for year

283

At 31 August 2015

566

NET BOOK VALUE

At 31 August 2015

848

At 31 August 2014

1,131

4.

CREDITORS

Creditors include an amount of £ 37,806 (2014 - £ 48,818 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

200

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Shepherd Solicitors Limited for the year ended 31 August 2015 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Shepherd Solicitors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shepherd Solicitors Limited and state those matters that we have agreed to state to the director of Shepherd Solicitors Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Shepherd 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 Shepherd Solicitors Limited. You consider that Shepherd 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 Shepherd 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.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

25 May 2016