Joseph Thaliyan Solicitors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07367090 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2020

FOR

JOSEPH THALIYAN SOLICITORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Joseph

J Kanagasingham

REGISTERED OFFICE:

4 Station Passage

South Woodford

London

E18 1JL

REGISTERED NUMBER:

07367090 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews WBZ Ltd

Chartered Accountants

19 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Tangible assets

4

1,561

178

CURRENT ASSETS

Debtors

5

41,840

42,598

Cash at bank

258,249

186,239

300,089

228,837

CREDITORS

Amounts falling due within one year

6

275,637

194,497

NET CURRENT ASSETS

24,452

34,340

TOTAL ASSETS LESS CURRENT LIABILITIES

26,013

34,518

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

49,990

49,990

Retained earnings

(24,077

)

(15,572

)

SHAREHOLDERS' FUNDS

26,013

34,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 5 May 2021 and were signed on its behalf by:

B Joseph - Director

1.	STATUTORY INFORMATION

Joseph Thaliyan 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 2 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2019

3,120

4,703

7,823

Additions

-

1,561

1,561

At 31 May 2020

3,120

6,264

9,384

DEPRECIATION

At 1 June 2019

2,942

4,703

7,645

Charge for year

178

-

178

At 31 May 2020

3,120

4,703

7,823

NET BOOK VALUE

At 31 May 2020

-

1,561

1,561

At 31 May 2019

178

-

178

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other debtors

41,840

41,840

Prepayments

-

758

41,840

42,598

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Bank loans and overdrafts

2,258

2,258

Liability to clients

256,378

183,654

Trade creditors

-

1

Tax

11,434

7,108

VAT

3,241

1,330

Directors' current accounts

124

146

Accrued expenses

2,202

-

275,637

194,497