Longden Walker and Renney (Solicitors) - Accounts to registrar (filleted) - small 18.1
Longden Walker and Renney (Solicitors) - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2017 |
| for |
| Longden Walker and Renney (Solicitors) |
| Limited |
| Longden Walker and Renney (Solicitors) |
| Limited (Registered number: 08021038) |
| Contents of the Financial Statements |
| for the year ended 31 July 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Longden Walker and Renney (Solicitors) |
| Limited |
| Company Information |
| for the year ended 31 July 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 3-5 Grange Terrace |
| Stockton Road |
| Sunderland |
| Tyne & Wear |
| SR2 7DG |
| Longden Walker and Renney (Solicitors) |
| Limited (Registered number: 08021038) |
| Balance Sheet |
| 31 July 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Longden Walker and Renney (Solicitors) |
| Limited (Registered number: 08021038) |
| Balance Sheet - continued |
| 31 July 2017 |
| 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 |
| R A Ebdon - Director | D H Kirkwood - Director |
| D Nesbitt - Director | N I Heavisides - Director |
| Longden Walker and Renney (Solicitors) |
| Limited (Registered number: 08021038) |
| Notes to the Financial Statements |
| for the year ended 31 July 2017 |
| 1. | STATUTORY INFORMATION |
| Longden Walker and Renney (Solicitors) Limited is a |
| 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 |
| The financial statements have been prepared on the going concern basis,which assumes that the company will |
| continue in operational existence for the foreseeable future, which the directors consider appropriate. |
| Reconciliation with previous generally accepted accounting practice |
| These financial statements for the year ended 31 July 2017 are the first financial statements that comply with |
| FRS 102 Section 1a "Small Entities" - "The Financial Reporting Standard applicable in the UK and Republic of |
| Ireland". The date of transition is 1 August 2015. In preparing the financial statements, the directors have |
| considered whether in applying the accounting policies required by FRS102 Section 1a "Small Entities", the |
| restatement of comparative items was required. The transition to FRS102 Section 1a "Small Entities" has not |
| resulted in any changes in accounting policies to those previously used . |
| 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 the business, is not being amortised in |
| accordance with the Financial Reporting Standard 102 section 1A. This is a departure from the requirements of |
| the Companies Act 2006 which requires all Intangibles to be amortised. The directors consider that the carrying |
| value of the company's goodwill has not reduced following an impairment review. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Financial instruments |
| The company only has financial assets and financial liabilities of a kind that qualify as basic financial |
| instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their |
| settlement value. |
| 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. |
| Longden Walker and Renney (Solicitors) |
| Limited (Registered number: 08021038) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| Debtors under contract |
| Debtors under contract have been valued at the value of service provided to date based on a proportion of the |
| total expected consideration at completion. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 August 2016 |
| and 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| Longden Walker and Renney (Solicitors) |
| Limited (Registered number: 08021038) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2016 |
| Additions |
| At 31 July 2017 |
| DEPRECIATION |
| At 1 August 2016 |
| Charge for year |
| At 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Debtors under contract |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts |
| Accrued expenses |
| 8. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Deferred tax | 6,765 | 4,361 |
| Longden Walker and Renney (Solicitors) |
| Limited (Registered number: 08021038) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2017 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 August 2016 |
| Movement in accelerated |
| capital allowances | 2,404 |
| Balance at 31 July 2017 |
| 9. | ULTIMATE CONTROLLING PARTY |
| No party had control of the company. |
| 10. | FIRST YEAR ADOPTION |
| Upon adoption of FRS 102 Section 1A, there were no transitional adjustments required. |
| Transitional relief |
| Upon adoption of FRS 102 section 1A the company did not take any advantage of transitional relief. |