Francis George Solicitor-Advocate Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08413897 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Francis George Solicitor-Advocate Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

F George

A Robbani

SECRETARY:

Mrs E George

REGISTERED OFFICE:

16 High Street

Old Town

SWINDON

Wiltshire

SN1 3EP

REGISTERED NUMBER:

08413897 (England and Wales)

ACCOUNTANTS:

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

FIXED ASSETS

Intangible assets

4

72,000

84,000

Tangible assets

5

11,605

10,150

83,605

94,150

CURRENT ASSETS

Debtors

6

236,559

86,574

Cash at bank and in hand

47,158

39,781

283,717

126,355

CREDITORS

Amounts falling due within one year

7

206,644

144,245

NET CURRENT ASSETS/(LIABILITIES)

77,073

(17,890

)

TOTAL ASSETS LESS CURRENT LIABILITIES

160,678

76,260

PROVISIONS FOR LIABILITIES

1,952

2,030

NET ASSETS

158,726

74,230

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

158,626

74,130

SHAREHOLDERS' FUNDS

158,726

74,230

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

The financial statements were approved by the Board of Directors on 10 May 2018 and were signed on its behalf by:

F George - Director

1.	STATUTORY INFORMATION

Francis George Solicitor-Advocate 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.

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

These financial statements for the year ended 30 September 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 October 2015.

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 2013, is being amortised evenly over its estimated useful life of ten years.

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

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

120,000

AMORTISATION

At 1 October 2016

36,000

Charge for year

12,000

At 30 September 2017

48,000

NET BOOK VALUE

At 30 September 2017

72,000

At 30 September 2016

84,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

16,709

Additions

6,669

At 30 September 2017

23,378

DEPRECIATION

At 1 October 2016

6,559

Charge for year

5,214

At 30 September 2017

11,773

NET BOOK VALUE

At 30 September 2017

11,605

At 30 September 2016

10,150

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

228,245

80,222

Other debtors

8,314

6,352

236,559

86,574

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Taxation and social security

158,670

87,703

Other creditors

47,974

56,542

206,644

144,245

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 October 2016

74,130

Profit for the year

246,996

Dividends

(162,500

)

At 30 September 2017

158,626

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £162,500 (2016 - £151,400) were paid to the directors .

F George

A shareholder and director

The company leases its premises from Mr George. Rent charged during the year amounted to £30,000 (2016 -

£30,000).

Amount due to related party at the balance sheet date was £9,979 (2016 - £937).

A Robbani

A shareholder and director

Amount due to related party at the balance sheet date was £15,500 (2016 - £15,500).

Mrs F Poulton

Related to F George

Amount due to related party at the balance sheet date was £716 (2016 - £4,585).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F George.

The following reproduces the text of the report prepared for the directors 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 Directors 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 Francis George Solicitor-Advocate Ltd for the year ended 30 September 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 Board of Directors of Francis George Solicitor-Advocate Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Francis George Solicitor-Advocate Ltd and state those matters that we have agreed to state to the Board of Directors of Francis George Solicitor-Advocate Ltd, as a body, 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 Francis George Solicitor-Advocate Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Francis George Solicitor-Advocate 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 Francis George Solicitor-Advocate Ltd. You consider that Francis George Solicitor-Advocate 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 Francis George Solicitor-Advocate 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.

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

11 May 2018