Ellis & Co Solicitors Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08391043 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Ellis & Co Solicitors Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Ellis

Mrs S R Cornes

REGISTERED OFFICE:

10 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

08391043 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

60,000

70,000

Tangible assets

5

1,172

1,379

61,172

71,379

CURRENT ASSETS

Work in progress

10,000

10,000

Debtors

40,924

21,952

Cash at bank and in hand

17,111

14,290

68,035

46,242

CREDITORS

Amounts falling due within one year

84,686

92,161

NET CURRENT LIABILITIES

(16,651

)

(45,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,521

25,460

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

44,519

25,458

SHAREHOLDERS' FUNDS

44,521

25,460

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 10 July 2017 and were signed on its behalf by:

J W Ellis - Director

Mrs S R Cornes - Director

1.	STATUTORY INFORMATION

Ellis & Co 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the

nearest £1.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 May 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 June 2015.

Turnover

Turnover represents the net value of services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery etc

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

100,000

AMORTISATION

At 1 June 2016

30,000

Amortisation for year

10,000

At 31 May 2017

40,000

NET BOOK VALUE

At 31 May 2017

60,000

At 31 May 2016

70,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

2,244

DEPRECIATION

At 1 June 2016

865

Charge for year

207

At 31 May 2017

1,072

NET BOOK VALUE

At 31 May 2017

1,172

At 31 May 2016

1,379