Dorians Solicitors Limited - Accounts to registrar (filleted)

DORIANS SOLICITORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F L Dorian

REGISTERED OFFICE:

Wyvern Chambers

Wyvern Court,

Stanier Way

Derby

Derbyshire

DE21 6BF

REGISTERED NUMBER:

07318571 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

5,790

6,631

5,790

6,631

CURRENT ASSETS

Debtors

6

1,046,191

1,022,851

Cash at bank and in hand

486,231

236,028

1,532,422

1,258,879

CREDITORS

Amounts falling due within one year

7

600,924

638,987

NET CURRENT ASSETS

931,498

619,892

TOTAL ASSETS LESS CURRENT LIABILITIES

937,288

626,523

CREDITORS

Amounts falling due after more than one
year

8

-

(66,568

)

PROVISIONS FOR LIABILITIES

10

(1,300

)

(1,400

)

NET ASSETS

935,988

558,555

CAPITAL AND RESERVES

Called up share capital

11

1

Retained earnings

935,987

558,554

SHAREHOLDERS' FUNDS

935,988

558,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 28 August 2025 and were signed by:

F L Dorian - Director

1.	STATUTORY INFORMATION

Dorians 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.

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

Goodwill

Goodwill represents the excess of the cost of acquisition of an entity over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated

amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is

amortised on a systematic basis over its expected life, which is 10 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

52,740

AMORTISATION

At 1 March 2024

and 28 February 2025

52,740

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 March 2024

-

17,994

Additions

1,173

244

1,417

At 28 February 2025

1,173

18,238

19,411

DEPRECIATION

At 1 March 2024

-

11,363

Charge for year

-

2,258

At 28 February 2025

-

13,621

NET BOOK VALUE

At 28 February 2025

1,173

4,617

5,790

At 29 February 2024

-

6,631

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

582,329

553,532

Other debtors

463,862

469,319

1,046,191

1,022,851

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

66,568

65,889

Trade creditors

2,992

72,100

Taxation and social security

231,183

180,973

Other creditors

300,181

320,025

600,924

638,987

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

-

66,568

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

20,400

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

1,300

1,400

Deferred

tax

£

Balance at 1 March 2024

1,400

Provided during year

(100

)

Balance at 28 February 2025

1,300

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1

Ordinary

£1

1

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

F L Dorian

Balance outstanding at start of year

178,488

142,375

Amounts advanced

171,855

189,811

Amounts repaid

(82,500

)

(153,698

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

267,843

178,488

Any overdrawn balances are subject to interest at the HMRC official rate of 2.25% (2024: 2.25%) .