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REGISTERED NUMBER: 12823585 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PENMANS LAW LIMITED

PENMANS LAW LIMITED (REGISTERED NUMBER: 12823585)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PENMANS LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr GJ Buggle
Ms D Smith





REGISTERED OFFICE: 83a St. Johns Way
Corringham
Essex
SS17 7LL





REGISTERED NUMBER: 12823585 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

PENMANS LAW LIMITED (REGISTERED NUMBER: 12823585)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,012 9,283

CURRENT ASSETS
Debtors 5 174,544 165,780
Cash at bank and in hand 180,205 161,211
354,749 326,991
CREDITORS
Amounts falling due within one year 6 165,940 151,473
NET CURRENT ASSETS 188,809 175,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,821

184,801

PROVISIONS FOR LIABILITIES 8 363 628
NET ASSETS 195,458 184,173

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 195,358 184,073
195,458 184,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

PENMANS LAW LIMITED (REGISTERED NUMBER: 12823585)

BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr GJ Buggle - Director


PENMANS LAW LIMITED (REGISTERED NUMBER: 12823585)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Penmans Law 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.

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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

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.

An analysis of turnover and profits by class of business and geographical location is not presented as, in the opinion of the directors, such disclosure would be prejudicial to the interest of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% straight line basis

Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and loss.

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.

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

PENMANS LAW LIMITED (REGISTERED NUMBER: 12823585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2024 12,938
Additions 380
At 31 March 2025 13,318
DEPRECIATION
At 1 April 2024 3,655
Charge for year 2,651
At 31 March 2025 6,306
NET BOOK VALUE
At 31 March 2025 7,012
At 31 March 2024 9,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 76,360 79,276
Other debtors 98,184 86,504
174,544 165,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Corporation tax 39,461 47,932
Social security and other taxes 8,682 4,755
Net wages creditor 21,325 17,047
VAT 44,837 37,384
Pension creditor 1,134 1,041
Directors' current accounts 37,404 30,672
Accrued expenses 13,097 12,642
165,940 151,473

PENMANS LAW LIMITED (REGISTERED NUMBER: 12823585)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 1,728 1,728
Between one and five years 4,752 6,480
6,480 8,208

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 363 628

Deferred
tax
£   
Balance at 1 April 2024 628
Credit to Income Statement during year (265 )
Balance at 31 March 2025 363

The provision for deferred taxation is made up of accelerated capital allowances.

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for the employees and directors. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were unpaid contributions amounting to £1,134 (2024: £1,040).