Mybarrister Limited 08136883 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of direct access to barristers Digita Accounts Production Advanced 6.30.9574.0 true false true 08136883 2024-01-01 2024-12-31 08136883 2024-12-31 08136883 core:RetainedEarningsAccumulatedLosses 2024-12-31 08136883 core:ShareCapital 2024-12-31 08136883 core:SharePremium 2024-12-31 08136883 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 08136883 core:FurnitureFittingsToolsEquipment 2024-12-31 08136883 bus:SmallEntities 2024-01-01 2024-12-31 08136883 bus:Audited 2024-01-01 2024-12-31 08136883 bus:FullAccounts 2024-01-01 2024-12-31 08136883 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08136883 bus:RegisteredOffice 2024-01-01 2024-12-31 08136883 bus:Director5 2024-01-01 2024-12-31 08136883 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08136883 core:FurnitureFittings 2024-01-01 2024-12-31 08136883 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-01-01 2024-12-31 08136883 1 2024-01-01 2024-12-31 08136883 countries:EnglandWales 2024-01-01 2024-12-31 08136883 2023-12-31 08136883 core:FurnitureFittingsToolsEquipment 2023-12-31 08136883 2023-01-01 2023-12-31 08136883 2023-12-31 08136883 core:RetainedEarningsAccumulatedLosses 2023-12-31 08136883 core:ShareCapital 2023-12-31 08136883 core:SharePremium 2023-12-31 08136883 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Company registration number: 08136883

Mybarrister Limited

Filleted Annual Report and Financial Statements

for the Year Ended 31 December 2024

 

Mybarrister Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Mybarrister Limited

(Registration number: 08136883)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

50,342

1,124

Cash at bank and in hand

 

36,299

14,064

 

86,641

15,188

Creditors: Amounts falling due within one year

6

(144,428)

(34,910)

Net liabilities

 

(57,787)

(19,722)

Capital and reserves

 

Called up share capital

1

1

Share premium reserve

1,007,061

1,007,061

Profit and loss account

(1,064,849)

(1,026,784)

Total equity

 

(57,787)

(19,722)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 


E R Foges
Director

   
 

Mybarrister Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Equity House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

On 5 May 2023 the company was acquired by Bar Bidco Limited and since that date the new management have looked to improve the profitability and cash generation of the company by usilising the significant synergies within the wider group and looking to boost revenue.

Management have received confirmation of support from the wider group to fund this growth.

Therefore the financial statements have been prepared on a going concern basis.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Mybarrister Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and Fittings

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mybarrister Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

9,847

9,847

At 31 December 2024

9,847

9,847

Depreciation

At 1 January 2024

9,847

9,847

At 31 December 2024

9,847

9,847

Carrying amount

At 31 December 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

14,392

1,124

Prepayments

4,483

-

Other debtors

31,467

-

 

50,342

1,124

 

Mybarrister Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

11,377

30,201

Taxation and social security

11,407

4,508

Accruals and deferred income

5,200

-

Other creditors

116,444

201

144,428

34,910

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

The company has taken advantage of paragraph 33.1A of FRS 102 and has not disclosed transactions with other wholly owned companies within the group.
 

8

Parent and ultimate parent undertaking

The company's immediate parent is Bar Bidco Limited, incorporated in England and Wales.

 

9

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 4 June 2025 was Christopher Walford ACA, who signed for and on behalf of Albert Goodman LLP.