FERGUSON ROSE SOLICITORS LTD - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07710112 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

FERGUSON ROSE SOLICITORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTOR:

Mrs D A Ferguson

SECRETARY:

REGISTERED OFFICE:

Suite 437 Fourth Floor Houldsworth Mill

Houldsworth Street

Reddish

Stockport

Cheshire

SK5 6DA

REGISTERED NUMBER:

07710112 (England and Wales)

ACCOUNTANTS:

V.F.MATHER & CO CHARTERED ACCOUNTANTS

4 HOULDSWORTH SQUARE

REDDISH

STOCKPORT

Cheshire

SK5 7AF

FIXED ASSETS

Tangible assets

4

911

717

CURRENT ASSETS

Stocks

5

2,500

2,324

Debtors

6

4,886

5,892

Cash at bank

35,032

29,443

42,418

37,659

CREDITORS

Amounts falling due within one year

7

15,541

19,155

NET CURRENT ASSETS

26,877

18,504

TOTAL ASSETS LESS CURRENT LIABILITIES

27,788

19,221

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

27,787

19,220

SHAREHOLDERS' FUNDS

27,788

19,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 January 2018 and were signed by:

Mrs D A Ferguson - Director

1.	STATUTORY INFORMATION

FERGUSON ROSE 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.

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.

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.

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 stocks 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2016

1,132

Additions

619

At 31 July 2017

1,751

DEPRECIATION

At 1 August 2016

415

Charge for year

425

At 31 July 2017

840

NET BOOK VALUE

At 31 July 2017

911

At 31 July 2016

717

5.

STOCKS

Work in Progress

The value of Work in Progress at 31/07/16 was £2,500 (31/07/15 £2,324).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

797

1,690

Other debtors

4,089

4,202

4,886

5,892

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Taxation and social security

3,795

2,147

Other creditors

11,746

17,008

15,541

19,155

CREDITORS

31/07/17

31/07/16

Trade Creditors

1

0

Creditors Client Ledger

0

0

Directors Loan account

8,305

14,119

Taxation and social security

4,090

2,147

Accrued expenses

2,556

2,889

14,952

19,155

The following reproduces the text of the report prepared for the director and members 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 FERGUSON ROSE SOLICITORS LTD for the year ended 31 July 2017 which comprise the Income

Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of FERGUSON ROSE SOLICITORS LTD in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FERGUSON ROSE SOLICITORS LTD and state those matters that we have agreed to state to the director of FERGUSON ROSE SOLICITORS LTD in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that FERGUSON ROSE SOLICITORS LTD 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 FERGUSON ROSE SOLICITORS LTD. You consider that FERGUSON ROSE SOLICITORS LTD 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 FERGUSON ROSE SOLICITORS LTD. 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.

V.F.MATHER & CO CHARTERED ACCOUNTANTS

4 HOULDSWORTH SQUARE

REDDISH

STOCKPORT

Cheshire

SK5 7AF

29 January 2018