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REGISTERED NUMBER: 07371066 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ABRAHAM SOLICITORS LIMITED

ABRAHAM SOLICITORS LIMITED (REGISTERED NUMBER: 07371066)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ABRAHAM SOLICITORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTORS: A Holliday
Ms B Jones
Ms D Macmillan
L L Harris





REGISTERED OFFICE: 53 King Street
Wrexham
LL11 1HR





REGISTERED NUMBER: 07371066 (England and Wales)





ACCOUNTANTS: McLintocks Partnership Limited
Chartered Accountants
The Coach House
25 Rhosddu Road
Wrexham
LL11 1EB

ABRAHAM SOLICITORS LIMITED (REGISTERED NUMBER: 07371066)

ABRIDGED BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,000 112,500
Tangible assets 5 5,281 7,042
110,281 119,542

CURRENT ASSETS
Debtors 76,392 85,267
Cash at bank and in hand 8,445 5,222
84,837 90,489
CREDITORS
Amounts falling due within one year 72,744 77,365
NET CURRENT ASSETS 12,093 13,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,374

132,666

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 69,900 69,900
Retained earnings 52,372 62,664
SHAREHOLDERS' FUNDS 122,374 132,666

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

ABRAHAM SOLICITORS LIMITED (REGISTERED NUMBER: 07371066)

ABRIDGED BALANCE SHEET - continued
31 March 2017


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 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 20 December 2017 and were
signed on its behalf by:





A Holliday - Director


ABRAHAM SOLICITORS LIMITED (REGISTERED NUMBER: 07371066)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017


1. STATUTORY INFORMATION

Abraham 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.

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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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 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.


ABRAHAM SOLICITORS LIMITED (REGISTERED NUMBER: 07371066)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017


2. ACCOUNTING POLICIES - continued
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 6 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016
and 31 March 2017 150,000
AMORTISATION
At 1 April 2016 37,500
Amortisation for year 7,500
At 31 March 2017 45,000
NET BOOK VALUE

At 31 March 2017 105,000
At 31 March 2016 112,500

ABRAHAM SOLICITORS LIMITED (REGISTERED NUMBER: 07371066)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016
and 31 March 2017 21,590
DEPRECIATION
At 1 April 2016 14,548
Charge for year 1,761
At 31 March 2017 16,309
NET BOOK VALUE
At 31 March 2017 5,281
At 31 March 2016 7,042

6. FIRST YEAR ADOPTION

These financial statements for the year end 31 March 2017 are the first financial statements
that comply with FRS 102 Section 1A for small entities. The transition to FRS 102 Section
1A for small entities has resulted in a change in accounting policies.