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DERBYSHIRE LEGAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

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


DERBYSHIRE LEGAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: C D Gale
R L Roberts
Mrs J C Renshaw





REGISTERED OFFICE: Sherwood House
1 Snitterton Road
Matlock
Derbyshire
DE4 3LZ





REGISTERED NUMBER: 08838592 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 76,000 6,000
Tangible assets 5 74,375 20,028
150,375 26,028

CURRENT ASSETS
Debtors 6 1,666,179 945,057
Cash at bank and in hand 641,230 521,248
2,307,409 1,466,305
CREDITORS
Amounts falling due within one year 7 1,013,878 616,764
NET CURRENT ASSETS 1,293,531 849,541
TOTAL ASSETS LESS CURRENT LIABILITIES 1,443,906 875,569

CREDITORS
Amounts falling due after more than one
year

8

(279,105

)

(118,686

)

PROVISIONS FOR LIABILITIES 10 (10,900 ) (500 )
NET ASSETS 1,153,901 756,383

CAPITAL AND RESERVES
Called up share capital 11 120 120
Retained earnings 1,153,781 756,263
SHAREHOLDERS' FUNDS 1,153,901 756,383

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.

DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





R L Roberts - Director


DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

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


1. STATUTORY INFORMATION

Derbyshire Legal Services 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
Revenue represents the fair value of consideration receivable in respect of professional services provided during the year, inclusive of recoverable expenses incurred on client assignments but excluding vat. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end, provided that a right to consideration has been obtained by performance. Consideration accrues as contract activity progresses by reference to the value of the work performed.

Where the outcome of the transaction cannot be estimated reliably, revenue is recognised only to the extent that the costs of providing the service are recoverable. No revenue is recognised where there are significant uncertainties regarding recovery of the consideration due or where the right to receive payment is contingent on events outside the control of the company. Costs incurred are carried within "Amounts recoverable on contracts" but appropriately provided until such time as the contingency is removed. Expected losses are recognised as soon as they become probable based on latest estimates of revenue and costs. Unbilled revenue is included in "Amounts recoverable on contracts".

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2017 & 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on cost


DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2024 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 20,000
Additions 80,000
At 31 March 2025 100,000
AMORTISATION
At 1 April 2024 14,000
Charge for year 10,000
At 31 March 2025 24,000
NET BOOK VALUE
At 31 March 2025 76,000
At 31 March 2024 6,000

DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 3,514 36,770 51,110 91,394
Additions 15,432 7,643 48,869 71,944
At 31 March 2025 18,946 44,413 99,979 163,338
DEPRECIATION
At 1 April 2024 1,743 24,050 45,573 71,366
Charge for year 1,719 4,241 11,637 17,597
At 31 March 2025 3,462 28,291 57,210 88,963
NET BOOK VALUE
At 31 March 2025 15,484 16,122 42,769 74,375
At 31 March 2024 1,771 12,720 5,537 20,028

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 330,728 234,291
Amounts recoverable on contracts 1,017,598 624,310
Other debtors 317,853 86,456
1,666,179 945,057

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 27,273 27,273
Taxation and social security 343,784 284,105
Other creditors 642,821 305,386
1,013,878 616,764

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 4,545 31,818
Other creditors 274,560 86,868
279,105 118,686

DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,545

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 31,818 59,091
Other loans 86,868 100,883
118,686 159,974

The loans are secured via fixed and floating charges over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 10,900 500

Deferred
tax
£   
Balance at 1 April 2024 500
Provided during year 10,400
Balance at 31 March 2025 10,900

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
40 Ordinary C £1 40 40
120 120

12. CONTINGENT LIABILITIES

Included within other creditors due within one year is £166,667 due on the purchase of another business. This amount is currently in dispute due to a number of factors, however, the settlement amount cannot be reliably estimated and it is deemed appropriate to maintain this creditor until such estimation can be made.

DERBYSHIRE LEGAL SERVICES LIMITED (REGISTERED NUMBER: 08838592)

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


13. RELATED PARTY DISCLOSURES

At the year end, £191,006 (2024: £190,060) was due to directors of the company. These amounts are interest-free and repayable on demand.

At the year end, £126,775 (2024: £73,464) was due from companies under common control. These amounts are interest-free and repayable on demand.