Wilson McKendrick Solicitors Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC455450 (Scotland)

Abbreviated Unaudited Accounts

for the Period 26 July 2013 to 31 October 2014

for

Wilson McKendrick Solicitors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Allan T McKendrick

Mark Wilson

SECRETARY:

Mark Wilson

REGISTERED OFFICE:

Queens House

29 St. Vincent Place

Glasgow

G1 2DT

REGISTERED NUMBER:

SC455450 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

2

945,000

Tangible assets

3

3,333

948,333

CURRENT ASSETS

Debts

Client bank accounts

358,438

Sums due to client

(349,726

)

8,712

Debtors

125,169

Cash at bank and in hand

152,201

286,082

CREDITORS

Amounts falling due within one year

283,898

NET CURRENT ASSETS

2,184

TOTAL ASSETS LESS CURRENT LIABILITIES

950,517

CREDITORS

Amounts falling due after more than one year

813,623

NET ASSETS

136,894

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

136,794

SHAREHOLDERS' FUNDS

136,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 January 2015 and were signed on its behalf by:

Mark Wilson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,050,000

At 31 October 2014

1,050,000

AMORTISATION

Amortisation for period

105,000

At 31 October 2014

105,000

NET BOOK VALUE

At 31 October 2014

945,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

5,443

At 31 October 2014

5,443

DEPRECIATION

Charge for period

2,110

At 31 October 2014

2,110

NET BOOK VALUE

At 31 October 2014

3,333

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.