TAJ SOLICITORS LIMITED 06534438 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of a legal practice. Digita Accounts Production Advanced 6.30.9574.0 true 06534438 2024-04-01 2025-03-31 06534438 2025-03-31 06534438 bus:OrdinaryShareClass1 2025-03-31 06534438 bus:OrdinaryShareClass2 2025-03-31 06534438 bus:OrdinaryShareClass3 2025-03-31 06534438 bus:OrdinaryShareClass4 2025-03-31 06534438 core:CurrentFinancialInstruments 2025-03-31 06534438 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06534438 core:Non-currentFinancialInstruments 2025-03-31 06534438 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 06534438 core:FurnitureFittingsToolsEquipment 2025-03-31 06534438 core:LandBuildings 2025-03-31 06534438 bus:SmallEntities 2024-04-01 2025-03-31 06534438 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06534438 bus:FilletedAccounts 2024-04-01 2025-03-31 06534438 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06534438 bus:RegisteredOffice 2024-04-01 2025-03-31 06534438 bus:Director1 2024-04-01 2025-03-31 06534438 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06534438 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 06534438 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 06534438 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 06534438 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06534438 core:Goodwill 2024-04-01 2025-03-31 06534438 core:FurnitureFittings 2024-04-01 2025-03-31 06534438 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 06534438 core:LandBuildings 2024-04-01 2025-03-31 06534438 core:LeaseholdImprovements 2024-04-01 2025-03-31 06534438 core:OfficeEquipment 2024-04-01 2025-03-31 06534438 countries:AllCountries 2024-04-01 2025-03-31 06534438 2024-03-31 06534438 core:FurnitureFittingsToolsEquipment 2024-03-31 06534438 core:LandBuildings 2024-03-31 06534438 2023-04-01 2024-03-31 06534438 2024-03-31 06534438 bus:OrdinaryShareClass1 2024-03-31 06534438 bus:OrdinaryShareClass2 2024-03-31 06534438 bus:OrdinaryShareClass3 2024-03-31 06534438 bus:OrdinaryShareClass4 2024-03-31 06534438 core:CurrentFinancialInstruments 2024-03-31 06534438 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06534438 core:Non-currentFinancialInstruments 2024-03-31 06534438 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06534438 core:FurnitureFittingsToolsEquipment 2024-03-31 06534438 core:LandBuildings 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06534438

TAJ SOLICITORS LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

TAJ SOLICITORS LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

TAJ SOLICITORS LIMITED

Company Information

Director

Mr Taj Uddin Shah

Registered office

243-247 East India Dock Road
Poplar
London
Greater London
E14 0EG

Accountants

City Tax Advisors
Chatered Certified Accountants
Jhumat House
160 London Road
Barking
Essex
IG11 8BB

 

TAJ SOLICITORS LIMITED

(Registration number: 06534438)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

708,675

719,047

Current assets

 

Debtors

5

8,750

11,087

Cash at bank and in hand

 

2,608

381

 

11,358

11,468

Creditors: Amounts falling due within one year

6

(268,714)

(256,953)

Net current liabilities

 

(257,356)

(245,485)

Total assets less current liabilities

 

451,319

473,562

Creditors: Amounts falling due after more than one year

6

(310,189)

(337,469)

Net assets

 

141,130

136,093

Capital and reserves

 

Called up share capital

7

103

103

Retained earnings

141,027

135,990

Shareholders' funds

 

141,130

136,093

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 May 2025
 

.........................................
Mr Taj Uddin Shah
Director

 

TAJ SOLICITORS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
243-247 East India Dock Road
Poplar
London
Greater London
E14 0EG

These financial statements were authorised for issue by the director on 27 May 2025.

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.

Revenue 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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 income 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.

 

TAJ SOLICITORS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Depreciation

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

Leasehold Improvements

3.5% Straight Line

Fixtures & Fittings

25 % Reducing Balance

Office equipment

25% Reducing Balance

Amortisation

Asset class

Amortisation method and rate

Goodwill

10% 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.

Trade 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Borrowings

 

TAJ SOLICITORS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 30 (2024 - 31).

 

TAJ SOLICITORS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

734,029

202,146

936,175

Additions

-

1,944

1,944

At 31 March 2025

734,029

204,090

938,119

Depreciation

At 1 April 2024

37,793

179,335

217,128

Charge for the year

6,127

6,189

12,316

At 31 March 2025

43,920

185,524

229,444

Carrying amount

At 31 March 2025

690,109

18,566

708,675

At 31 March 2024

696,236

22,811

719,047

Included within the net book value of land and buildings above is £558,968 (2024 - £558,968) in respect of freehold land and buildings and £131,141 (2024 - £137,268) in respect of long leasehold land and buildings.
 

5

Debtors

Current

2025
£

2024
£

Prepayments

8,750

8,750

Other debtors

-

2,337

 

8,750

11,087

 

TAJ SOLICITORS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

194,899

211,710

Trade creditors

 

482

-

Taxation and social security

 

48,604

22,291

Accruals and deferred income

 

20,499

19,167

Other creditors

 

4,230

3,785

 

268,714

256,953

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

310,189

337,469

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

A Ordinary Shares of £1 each

1

1

1

1

B Ordinary Shares of £1 each

1

1

1

1

C Ordinary Shares of £1 each

1

1

1

1

103

103

103

103

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

310,189

337,469

Current loans and borrowings

 

TAJ SOLICITORS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2025
£

2024
£

Bank borrowings

56,884

56,884

Bank overdrafts

138,015

154,826

194,899

211,710

9

Related party transactions

 

TAJ SOLICITORS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

18,000

18,000