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Registration number: 13401577

Scargill Legal Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2025

 

Scargill Legal Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Scargill Legal Services Limited

(Registration number: 13401577)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

5

8,400

12,600

Current assets

 

Debtors

6

4,212

4,745

Cash at bank and in hand

 

20,083

13,265

 

24,295

18,010

Creditors: Amounts falling due within one year

7

(32,477)

(22,179)

Net current liabilities

 

(8,182)

(4,169)

Net assets

 

218

8,431

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

118

8,331

Shareholders' funds

 

218

8,431

For the financial year ending 31 May 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 her 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 8 July 2025
 

D Scargill
Director

   
     
 

Scargill Legal Services Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
44 Main Street
Thorner
Leeds
LS14 3DX

These financial statements were authorised for issue by the director on 8 July 2025.

2

Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Scargill Legal Services Limited

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

 

Scargill Legal Services Limited

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

Borrowings

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.

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 1 (2024 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Amortisation expense

4,200

4,200

 

Scargill Legal Services Limited

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

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2024

21,000

21,000

At 31 May 2025

21,000

21,000

Amortisation

At 1 June 2024

8,400

8,400

Amortisation charge

4,200

4,200

At 31 May 2025

12,600

12,600

Carrying amount

At 31 May 2025

8,400

8,400

At 31 May 2024

12,600

12,600

6

Debtors

Current

2025
£

2024
£

Trade debtors

4,212

4,745

 

4,212

4,745

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

105

1,760

Taxation and social security

 

31,025

19,519

Accruals and deferred income

 

1,347

900

 

32,477

22,179

 

Scargill Legal Services Limited

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

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

105

1,760