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

REGISTERED NUMBER: 05313939 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2018

for

Dyne Solicitors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

J B Dyne

SECRETARY:

Mrs A F Dyne

REGISTERED OFFICE:

The White House

High Street

Tattenhall

Chester

Cheshire

CH3 9PX

REGISTERED NUMBER:

05313939 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

FIXED ASSETS

Intangible assets

4

63,197

72,557

Tangible assets

5

11,843

15,145

75,040

87,702

CURRENT ASSETS

Debtors

6

264,439

260,018

CREDITORS

Amounts falling due within one year

7

210,094

201,594

NET CURRENT ASSETS

54,345

58,424

TOTAL ASSETS LESS CURRENT LIABILITIES

129,385

146,126

CREDITORS

Amounts falling due after more than one year

8

64,425

88,519

NET ASSETS

64,960

57,607

CAPITAL AND RESERVES

Called up share capital

110

101

Retained earnings

64,850

57,506

64,960

57,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 January 2019 and were signed by:

J B Dyne - Director

1.	STATUTORY INFORMATION

Dyne 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

For periods up to and including the year ended 30 April 2016, the company prepared its financial statements in accordance

with UK Generally Accepted Accounting Practice ("UK GAAP"). These financial statements for the year ended 30 April

2017 are the first the Company has prepared in accordance with FRS 102. The Company's deemed transition date to FRS 102

was 1 May 2015. No transitional differences were noted.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year, inclusive of direct

expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration

has been obtained through performance under each contract. Consideration accrues as contract activity progresses by

reference to the value of work performed.

Turnover is not recognised where the right to receive payment is contingent on events outside the control of the company.

Unbilled revenue is included in debtors within accrued income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery etc

-

25% on cost, 15% on reducing balance and Straight line over the term of the lease

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.

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.

Share capital

Ordinary shares are classed as equity.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the

company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

187,218

AMORTISATION

At 1 May 2017

114,661

Charge for year

9,360

At 30 April 2018

124,021

NET BOOK VALUE

At 30 April 2018

63,197

At 30 April 2017

72,557

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

89,071

Additions

1,069

At 30 April 2018

90,140

DEPRECIATION

At 1 May 2017

73,926

Charge for year

4,371

At 30 April 2018

78,297

NET BOOK VALUE

At 30 April 2018

11,843

At 30 April 2017

15,145

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

204,193

160,194

Other debtors

60,246

99,824

264,439

260,018

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

100,437

91,657

Trade creditors

20,126

9,924

Taxation and social security

85,281

95,763

Other creditors

4,250

4,250

210,094

201,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

64,425

88,519

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank overdrafts

29,277

23,415

Bank loans

135,585

156,761

164,862

180,176

J B Dyne has guaranteed the bank borrowings. There is also a fixed and floating debenture over the assets of the company.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2018 and 30 April 2017:

2018

2017

£

£

J B Dyne

Balance outstanding at start of year

10,917

18,331

Amounts advanced

-

10,917

Amounts repaid

(10,917

)

(18,331

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

10,917

The following reproduces the text of the report prepared for the director 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 Director 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 Dyne Solicitors Limited for the year ended 30 April 2018 which comprise the Income Statement, Balance Sheet, Statement of

Changes in Equity 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 director of Dyne Solicitors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dyne Solicitors Limited and state those matters that we have agreed to state to the director of Dyne Solicitors Limited 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 Dyne Solicitors Limited and its director for our work or for this report.

It is your duty to ensure that Dyne Solicitors Limited 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 Dyne Solicitors Limited. You consider that Dyne Solicitors Limited 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 Dyne Solicitors Limited. 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.

Bennett Brooks & Co Limited

Chartered Accountants

St George's Court

Winnington Avenue

Northwich

Cheshire

CW8 4EE

10 January 2019