MAGUIRES SOLICITORS LIMITED

MAGUIRES SOLICITORS LIMITED

MAGUIRES SOLICITORS LIMITED - Company Information

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MAGUIRES SOLICITORS LIMITED

Company Registration Number:
07295266 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

MAGUIRES SOLICITORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

MAGUIRES SOLICITORS LIMITED

Balance sheet

As at 31 August 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 35,870 71,740
Tangible assets: 3 10,616 14,831
Total fixed assets: 46,486 86,571
Current assets
Stocks: 109,830 199,470
Debtors:   34,461 22,479
Cash at bank and in hand: 780,451 537,416
Total current assets: 924,742 759,365
Creditors: amounts falling due within one year:   (88,272) (48,541)
Net current assets (liabilities): 836,470 710,824
Total assets less current liabilities: 882,956 797,395
Total net assets (liabilities): 882,956 797,395
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 105,805 105,805
Profit and loss account: 776,151 690,590
Shareholders funds: 882,956 797,395

The notes form part of these financial statements

MAGUIRES SOLICITORS LIMITED

Balance sheet statements

For the year ending 31 August 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 April 2018
and signed on behalf of the board by:

Name: Ronan Maguire
Status: Director

The notes form part of these financial statements

MAGUIRES SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the fees invoiced in the year for the supply of legal services.

Tangible fixed assets and depreciation policy

Equipment is depreciated at 33.33% per annum using the straight-line method.Motor vehicles are depreciated at a rate of 25% per annum using the reducing balance method.

Intangible fixed assets and amortisation policy

Goodwill is being amortised at a rate of 17% per annum to write off the cost of the asset.

MAGUIRES SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Intangible Assets

Total
Cost £
At 01 September 2016 211,000
At 31 August 2017 211,000
Amortisation
At 01 September 2016 139,260
Charge for year 35,870
At 31 August 2017 175,130
Net book value
At 31 August 2017 35,870
At 31 August 2016 71,740

MAGUIRES SOLICITORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Tangible Assets

Total
Cost £
At 01 September 2016 37,880
Additions 791
At 31 August 2017 38,671
Depreciation
At 01 September 2016 23,049
Charge for year 5,006
At 31 August 2017 28,055
Net book value
At 31 August 2017 10,616
At 31 August 2016 14,831