MacLachlan Solicitors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07520343 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

MacLachlan Solicitors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

M E L Griffin

T N Gawler

REGISTERED OFFICE:

Maclachlan Solicitors

Long Street

Sherborne

Dorset

DT9 3BS

REGISTERED NUMBER:

07520343 (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

150,000

180,000

Tangible assets

3

14,507

20,100

164,507

200,100

CURRENT ASSETS

Debtors

134,916

134,196

Cash at bank and in hand

41,609

38,115

176,525

172,311

CREDITORS

Amounts falling due within one year

4

156,182

145,272

NET CURRENT ASSETS

20,343

27,039

TOTAL ASSETS LESS CURRENT
LIABILITIES

184,850

227,139

CREDITORS

Amounts falling due after more than one
year

4

-

56,782

NET ASSETS

184,850

170,357

CAPITAL AND RESERVES

Called up share capital

5

102

Profit and loss account

184,748

170,255

184,850

170,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 22 July 2016 and were signed on its behalf by:

M E L Griffin - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as it is earned over time, for all matters which are non-contingent, in accordance with FRS

5 Application Note G and UITF Abstract 40.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

300,000

AMORTISATION

At 1 May 2015

120,000

Amortisation for year

30,000

At 30 April 2016

150,000

NET BOOK VALUE

At 30 April 2016

150,000

At 30 April 2015

180,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

40,050

DEPRECIATION

At 1 May 2015

19,950

Charge for year

5,593

At 30 April 2016

25,543

NET BOOK VALUE

At 30 April 2016

14,507

At 30 April 2015

20,100

4.

CREDITORS

Creditors include an amount of £ 15,937 (2015 - £ 55,869 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class:

Nominal Value

2016

2015

£

77

Ordinary A

£1

77

23

Ordinary B

£1

23

1

Ordinary C

£1

1

Ordinary D

£1

1

102

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

M Griffin has guaranteed the bank borrowing and facility's to a value of £100,000, with T Gawler a also

providing a guarantee of £50,000.

There is also a fixed and floating debenture over the assets of the company.

The following reproduces the text of the report prepared for the directors 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 MacLachlan Solicitors Limited for the year ended 30 April 2016 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 Board of Directors of MacLachlan Solicitors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacLachlan Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of MacLachlan Solicitors Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

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

22 July 2016