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Registration number: 05924807

Manners Pimblett Solicitors Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Manners Pimblett Solicitors Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Manners Pimblett Solicitors Limited

Company Information

Directors

R M Pimblett

S Pimblett

Company secretary

S Pimblett

Registered office

4 London Road North
Poynton
Cheshire
SK12 1QZ

 

Manners Pimblett Solicitors Limited

(Registration number: 05924807)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

45,900

65,250

Tangible assets

5

5,650

7,633

 

51,550

72,883

Current assets

 

Debtors

6

377,631

431,949

Cash at bank and in hand

 

42,482

28,410

 

420,113

460,359

Creditors: Amounts falling due within one year

7

(286,978)

(337,644)

Net current assets

 

133,135

122,715

Total assets less current liabilities

 

184,685

195,598

Creditors: Amounts falling due after more than one year

7

(75,069)

(80,793)

Provisions for liabilities

(1,073)

(815)

Net assets

 

108,543

113,990

Capital and reserves

 

Called up share capital

500

500

Retained earnings

108,043

113,490

Shareholders' funds

 

108,543

113,990

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 Directors acknowledge their 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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 June 2025 and signed on its behalf by:
 

 

Manners Pimblett Solicitors Limited

(Registration number: 05924807)
Balance Sheet as at 31 December 2024

.........................................
R M Pimblett
Director

 

Manners Pimblett Solicitors Limited

Notes to the Unaudited 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 & Wales and the company registration number is 05924807.

The address of its registered office is:
4 London Road North
Poynton
Cheshire
SK12 1QZ

These financial statements were authorised for issue by the Board on 30 June 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the provision of legal services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of services is recognised when the service is performed.

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 of each of the companies activities.

Tax

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

 

Manners Pimblett Solicitors Limited

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

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measure using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

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

Improvements to leasehold land and buildings

10% cost

Fixtures & fittings

25% reducing balance

Office equipment

33% cost

Plant & Machinery

Fully depreciated

Fixtures & fittings

20% & 10% cost

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:

 

Manners Pimblett Solicitors Limited

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

Asset class

Amortisation method and rate

Goodwill

5% cost

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 the provision of services in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. 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.

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.

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.

 

Manners Pimblett Solicitors Limited

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

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 Directors) during the year, was 10 (2023 - 13).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

387,001

387,001

At 31 December 2024

387,001

387,001

Amortisation

At 1 January 2024

321,751

321,751

Amortisation charge

19,350

19,350

At 31 December 2024

341,101

341,101

Carrying amount

At 31 December 2024

45,900

45,900

At 31 December 2023

65,250

65,250

 

Manners Pimblett Solicitors Limited

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

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

6,709

40,448

47,157

Additions

-

491

491

At 31 December 2024

6,709

40,939

47,648

Depreciation

At 1 January 2024

2,933

36,591

39,524

Charge for the year

671

1,803

2,474

At 31 December 2024

3,604

38,394

41,998

Carrying amount

At 31 December 2024

3,105

2,545

5,650

At 31 December 2023

3,776

3,857

7,633

Included within the net book value of land and buildings above is £3,105 (2023 - £3,776) in respect of improvements to leasehold land and buildings.
 

6

Debtors

2024
£

2023
£

Trade debtors

227,688

215,364

Prepayments

56,787

100,681

Other debtors

93,156

115,904

377,631

431,949

 

Manners Pimblett Solicitors Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

172,054

225,840

Trade creditors

 

13,897

37,677

Taxation and social security

 

76,392

40,188

Accruals and deferred income

 

6,305

5,995

Other creditors

 

18,330

27,944

 

286,978

337,644

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

75,069

80,793

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

38,194

15,793

Other borrowings

36,875

65,000

75,069

80,793

Current loans and borrowings

2024
£

2023
£

Bank borrowings

14,233

10,000

Bank overdrafts

31,257

94,340

Other borrowings

126,564

121,500

172,054

225,840

Included in the loans and borrowings are the following amounts due after more than five years:

Borrowings due after five years

Included in Bank borrowings is £9,198 (2023: £Nil), which is due after 5 years.

 

Manners Pimblett Solicitors Limited

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


The bank loans and overdrafts are secured by a fixed and floating charge over all of the assets of the entity.

Other borrowings relate to unsecured loans.

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £50,565 (2023 - £66,801).

10

Related party transactions

Transactions with Directors

2024

At 1 January 2024
£

Advances to Director
£

Repayments by Director
£

At 31 December 2024
£

R M Pimblett

Unsecured, interest free and repayable on demand

74,124

74,354

(80,792)

67,686

Other transactions with Directors

At the year end, the directors owed the company £67,686 (2023: £74,124). This amount is unsecured, interest free and repayable on demand.