John Fletcher Solicitors Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06243808 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

John Fletcher Solicitors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

J G Fletcher

SECRETARY:

Mrs M Fletcher

REGISTERED OFFICE:

31 King Street

Knutsford

Cheshire

WA16 6DW

REGISTERED NUMBER:

06243808 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Intangible assets

4

182,277

205,061

Tangible assets

5

3,700

6,038

185,977

211,099

CURRENT ASSETS

Debtors

6

100,192

91,466

Cash at bank

132,065

71,053

232,257

162,519

CREDITORS

Amounts falling due within one year

7

98,305

65,737

NET CURRENT ASSETS

133,952

96,782

TOTAL ASSETS LESS CURRENT LIABILITIES

319,929

307,881

PROVISIONS FOR LIABILITIES

-

1,200

NET ASSETS

319,929

306,681

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

319,928

306,680

SHAREHOLDERS' FUNDS

319,929

306,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 19 January 2018 and were signed by:

J G Fletcher - Director

1.	STATUTORY INFORMATION

John Fletcher 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.

Turnover represents services rendered, excluding value added tax, together with other provisions..

Goodwill

Goodwill acquired in 2007 is now being written off over a remaining economic life of 10 years from 30 April

2016.

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

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price

of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation on all assets is calculated to allocate the depreciable amount to their residual values on a systematic

basis over their estimated useful lives as follows:

Fixtures and fittings - 20% on reducing balance

Computer equipment - 33% on straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

Share capital

Ordinary shares are classed as equity.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in the profit and loss account.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are

approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are

shown within borrowings in current liabilities.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently,

they are measured at amortised cost using the effective interest rate method, less impairment.

Operating Leases

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

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

367,000

AMORTISATION

At 1 May 2016

161,939

Amortisation for year

22,784

At 30 April 2017

184,723

NET BOOK VALUE

At 30 April 2017

182,277

At 30 April 2016

205,061

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2016

6,464

17,727

24,191

Additions

-

232

232

At 30 April 2017

6,464

17,959

24,423

DEPRECIATION

At 1 May 2016

2,229

15,924

18,153

Charge for year

847

1,723

2,570

At 30 April 2017

3,076

17,647

20,723

NET BOOK VALUE

At 30 April 2017

3,388

312

3,700

At 30 April 2016

4,235

1,803

6,038

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

56,155

34,372

Other debtors

1,200

8,800

Prepayments & accrued income

42,837

48,294

100,192

91,466

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other loans

36,667

-

Tax

31,004

34,122

Social security & other taxes

1,143

2,083

VAT

23,908

24,914

Directors' current accounts

599

343

Accrued expenses

4,984

4,275

98,305

65,737

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Other loans

36,667

-

J. Fletcher who is a director and shareholder in the company provided a personal guarantee of £35,000 in respect

of the bank borrowings.

9.	FIRST YEAR ADOPTION

For periods up to and including the year ended 30 April 2016, the company prepared its financial statements in

accordance with UK Generally Accepted Accounting Practice ("UK GAAP"). These financial statements for the

year ended 30 April 2017 are the first the Company has prepared in accordance with FRS 102 Section 1A. The

Company's deemed transition date to FRS 102 was 1 May 2016. No transitional differences were noted.

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

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

financial statements of John Fletcher Solicitors Ltd for the year ended 30 April 2017 which comprise the Income

Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of John Fletcher Solicitors Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Fletcher Solicitors Ltd and state those matters that we have agreed to state to the director of John Fletcher Solicitors Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Fletcher Solicitors Ltd and its director for our work or for this report.

It is your duty to ensure that John Fletcher Solicitors Ltd 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 John Fletcher Solicitors Ltd. You consider that John Fletcher Solicitors Ltd 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 John Fletcher Solicitors Ltd. 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

Date: .............................................