Ellis & Co Solicitors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08391043 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2018

for

Ellis & Co Solicitors Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Ellis

Mrs S R Cornes

Miss R L Burke

REGISTERED OFFICE:

10 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

08391043 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

50,000

60,000

Tangible assets

5

2,501

1,172

52,501

61,172

CURRENT ASSETS

Work in progress

10,000

10,000

Debtors

25,606

40,924

Cash at bank and in hand

72

17,111

35,678

68,035

CREDITORS

Amounts falling due within one year

(58,622

)

(84,686

)

NET CURRENT LIABILITIES

(22,944

)

(16,651

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,557

44,521

PROVISIONS FOR LIABILITIES

(475

)

-

NET ASSETS

29,082

44,521

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

29,080

44,519

SHAREHOLDERS' FUNDS

29,082

44,521

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

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

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 June 2018 and were signed on its behalf by:

J W Ellis - Director

Mrs S R Cornes - Director

Miss R L Burke - Director

1.	STATUTORY INFORMATION

Ellis & Co Solicitors 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to

the nearest £1.

Turnover

Turnover represents the net value of services provided, 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.

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

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2017

and 31 May 2018

100,000

AMORTISATION

At 1 June 2017

40,000

Amortisation for year

10,000

At 31 May 2018

50,000

NET BOOK VALUE

At 31 May 2018

50,000

At 31 May 2017

60,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2017

2,244

Additions

1,770

At 31 May 2018

4,014

DEPRECIATION

At 1 June 2017

1,072

Charge for year

441

At 31 May 2018

1,513

NET BOOK VALUE

At 31 May 2018

2,501

At 31 May 2017

1,172