KSN Solicitors Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07168666 (England and Wales)

Financial Statements

for the Year Ended 31 March 2017

for

KSN Solicitors Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

T A Barrett

REGISTERED OFFICE:

York House

37 Heatherdale Road

Camberley

Surrey

GU15 2LT

REGISTERED NUMBER:

07168666 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Intangible assets

4

16,333

24,500

Tangible assets

5

1,124

1,902

17,457

26,402

CURRENT ASSETS

Debtors

6

97,511

11,896

Cash at bank

10,162

7,148

107,673

19,044

CREDITORS

Amounts falling due within one year

7

(91,265

)

(44,806

)

NET CURRENT ASSETS/(LIABILITIES)

16,408

(25,762

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,865

640

CAPITAL AND RESERVES

Called up share capital

125

125

Retained earnings

33,740

515

SHAREHOLDERS' FUNDS

33,865

640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 August 2017 and were signed by:

T A Barrett - Director

1.	STATUTORY INFORMATION

KSN Solicitors Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010 was being amortised

over a period of 20 Years. The useful life of the goodwill has been reassessed with the result that the remaining

life is expected to be a further 2 years and amortisation is provided to write off the balance over the remaining

period.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2016

and 31 March 2017

35,000

Amortisation

At 1 April 2016

10,500

Charge for year

8,167

At 31 March 2017

18,667

Net book value

At 31 March 2017

16,333

At 31 March 2016

24,500

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

At 1 April 2016

and 31 March 2017

4,147

Depreciation

At 1 April 2016

2,245

Charge for year

778

At 31 March 2017

3,023

Net book value

At 31 March 2017

1,124

At 31 March 2016

1,902

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Trade debtors

97,511

11,896

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Taxation and social security

67,111

27,476

Other creditors

24,154

17,330

91,265

44,806

8.	FIRST YEAR ADOPTION

The company has adopted FRS 102 for the year ended 31 March 2017. There have been no transitional

adjustments to the company's equity or reserves at the date of transition to FRS 102 nor at the end of the

comparative period.