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REGISTERED NUMBER: 05550305 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BJ & CO SOLICITORS LIMITED

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| BJ & CO SOLICITORS LIMITED |

COMPANY INFORMATION

for the Year Ended 31 December 2024

| DIRECTOR: | Mr B Jackson

| REGISTERED OFFICE: | 22 Stanley Street

| Liverpool

| Merseyside

| L1 6AF

| REGISTERED NUMBER: | 05550305 (England and Wales)

| ACCOUNTANTS: | RfM Preston Ltd

| Chartered Accountants

| Unit 1, Guest House Farm

| Runshaw Lane

| Euxton

| Chorley

| Lancashire

| PR7 6HD

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

STATEMENT OF FINANCIAL POSITION

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 21,699 |  | 41,699 |  |

Tangible assets | 5 | 23,780 |  | 38,685 |  |

45,479 |  | 80,384 |  |

CURRENT ASSETS

Debtors | 6 | 218,411 |  | 247,919 |  |

Cash at bank and in hand | 308,292 |  | 232,663 |  |

526,703 |  | 480,582 |  |

CREDITORS

Amounts falling due within one year | 7 | 119,419 |  | 86,407 |  |

NET CURRENT ASSETS | 407,284 |  | 394,175 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 452,763 |  | 474,559 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | 1,667 |  |

NET ASSETS | 452,763 |  | 472,892 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 11 | 452,663 |  | 472,792 |  |

SHAREHOLDERS' FUNDS | 452,763 |  | 472,892 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

STATEMENT OF FINANCIAL POSITION - continued

31 December 2024

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 director and authorised for issue on 2 September 2025 and were signed by:

Mr B Jackson - Director

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| BJ & Co Solicitors 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| GOODWILL

| Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

| Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.

| Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Motor vehicles | - | 20% on cost

| Office equipment | - | 20% on cost

| DEBTORS AND CREDITORS RECEIVABLE / PAYABLE WITHIN ONE YEAR

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

| 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 statement of financial position date.

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| DEFERRED TAX

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 17 (2023 - 17 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 400,000 |  |

| AMORTISATION

| At 1 January 2024 | 358,301 |  |

| Charge for year | 20,000 |  |

| At 31 December 2024 | 378,301 |  |

| NET BOOK VALUE

| At 31 December 2024 | 21,699 |  |

| At 31 December 2023 | 41,699 |  |

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

5. | TANGIBLE FIXED ASSETS

| Motor |  | Office |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 53,000 |  | 157,892 |  | 210,892 |  |

| Additions | - |  | 300 |  | 300 |  |

| At 31 December 2024 | 53,000 |  | 158,192 |  | 211,192 |  |

| DEPRECIATION

| At 1 January 2024 | 21,200 |  | 151,007 |  | 172,207 |  |

| Charge for year | 10,600 |  | 4,605 |  | 15,205 |  |

| At 31 December 2024 | 31,800 |  | 155,612 |  | 187,412 |  |

| NET BOOK VALUE

| At 31 December 2024 | 21,200 |  | 2,580 |  | 23,780 |  |

| At 31 December 2023 | 31,800 |  | 6,885 |  | 38,685 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 53,000 |  |

| DEPRECIATION

| At 1 January 2024 | 21,200 |  |

| Charge for year | 10,600 |  |

| At 31 December 2024 | 31,800 |  |

| NET BOOK VALUE

| At 31 December 2024 | 21,200 |  |

| At 31 December 2023 | 31,800 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 78,870 |  | 112,154 |  |

| Other debtors | 139,541 |  | 135,765 |  |

218,411 |  | 247,919 |  |

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 1,667 |  | 10,000 |  |

| Taxation and social security | 109,785 |  | 69,179 |  |

| Other creditors | 7,967 |  | 7,228 |  |

119,419 |  | 86,407 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | - |  | 1,667 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 1,667 |  | 11,667 |  |

| Hire purchase finance is secured on the asset to which the finance relates.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

11. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 472,792 |  |

| Profit for the year | 102,871 |  |

| Dividends | (123,000 | ) |

| At 31 December 2024 | 452,663 |  |

BJ & CO SOLICITORS LIMITED (REGISTERED NUMBER: 05550305) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 | 2023 |

£ | £ |

| Mr B Jackson

| Balance outstanding at start of year | 122,041 |  | 107,093 |  |

| Amounts advanced | 124,119 |  | 144,948 |  |

| Amounts repaid | (123,000 | ) | (130,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 123,160 |  | 122,041 |  |

| No interest is charged.