Murrays Solicitors Limited - Accounts to registrar (filleted) - small 18.2

Murrays Solicitors Limited - Accounts to registrar (filleted) - small 18.2


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MURRAYS SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






MURRAYS SOLICITORS LIMITED (REGISTERED NUMBER: 08934475)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MURRAYS SOLICITORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mrs P Murray
I P Clarke





REGISTERED OFFICE: 10 Piece Hall Yard
Bradford
West Yorkshire
BD1 1PJ





REGISTERED NUMBER: 08934475 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

MURRAYS SOLICITORS LIMITED (REGISTERED NUMBER: 08934475)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 128,333 238,333
Tangible assets 5 3,589 5,059
131,922 243,392

CURRENT ASSETS
Work in progress 40,785 33,350
Debtors 6 86,750 80,745
Cash at bank and in hand 50,444 166,827
177,979 280,922
CREDITORS
Amounts falling due within one year 7 105,602 244,583
NET CURRENT ASSETS 72,377 36,339
TOTAL ASSETS LESS CURRENT LIABILITIES 204,299 279,731

PROVISIONS FOR LIABILITIES 8 437 698
NET ASSETS 203,862 279,033

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 203,860 279,031
SHAREHOLDERS' FUNDS 203,862 279,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

MURRAYS SOLICITORS LIMITED (REGISTERED NUMBER: 08934475)

BALANCE SHEET - continued
31 MARCH 2018


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 17 December 2018 and were signed on its behalf
by:




Mrs P Murray - Director



I P Clarke - Director


MURRAYS SOLICITORS LIMITED (REGISTERED NUMBER: 08934475)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Murrays Solicitors Limited 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.

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 2014, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing work in progress to their present location and condition.

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.


MURRAYS SOLICITORS LIMITED (REGISTERED NUMBER: 08934475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 550,000
AMORTISATION
At 1 April 2017 311,667
Amortisation for year 110,000
At 31 March 2018 421,667
NET BOOK VALUE
At 31 March 2018 128,333
At 31 March 2017 238,333

MURRAYS SOLICITORS LIMITED (REGISTERED NUMBER: 08934475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 1,750 7,779 9,529
DEPRECIATION
At 1 April 2017 644 3,826 4,470
Charge for year 166 1,304 1,470
At 31 March 2018 810 5,130 5,940
NET BOOK VALUE
At 31 March 2018 940 2,649 3,589
At 31 March 2017 1,106 3,953 5,059

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 67,146 61,867
Directors' current accounts 12,933 13,300
Prepayments 6,671 5,578
86,750 80,745

The directors' current account was repaid shortly after the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors - 425
Tax 32,313 65,940
Social security and other taxes 1,353 1,339
VAT 29,886 50,439
Directors' current accounts 39,370 114,188
Accrued expenses 2,680 12,252
105,602 244,583

The directors' loan accounts are interest free and repayable on demand.

8. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 437 698

MURRAYS SOLICITORS LIMITED (REGISTERED NUMBER: 08934475)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2017 698
Accelerated capital allowances (261 )
Balance at 31 March 2018 437

The entire provision for deferred taxation is in respect of accelerated capital allowances.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
2 Ordinary £1.00 2 2

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.