REGISTERED NUMBER: 08408214 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHARLES AND CO SOLICITORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Chahal

G Chahal

R S Tiwana

REGISTERED OFFICE:

16-17 Caroline Street

Birmingham

West Midlands

B3 1TR

REGISTERED NUMBER:

08408214 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,415

21,292

19,415

21,292

CURRENT ASSETS

Debtors

6

467,650

372,885

Cash at bank and in hand

87,965

93,602

555,615

466,487

CREDITORS

Amounts falling due within one year

7

117,913

99,480

NET CURRENT ASSETS

437,702

367,007

TOTAL ASSETS LESS CURRENT LIABILITIES

457,117

388,299

CREDITORS

Amounts falling due after more than one year

8

(1,757

)

(12,219

)

PROVISIONS FOR LIABILITIES

(3,513

)

(3,686

)

NET ASSETS

451,847

372,394

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

451,547

372,094

SHAREHOLDERS' FUNDS

451,847

372,394

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.

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 8 September 2025 and were signed on its behalf by:

J Chahal - Director

1.	STATUTORY INFORMATION

Charles and 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.

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 value of sales (excluding VAT and similar taxes and trade discounts) of services in the normal course of business. In general income is recognised on the basis of fees earned for work done and in the case of conveyancing work on completion.

Goodwill

Goodwill arising on incorporation of the business represents any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired.

Goodwill is being amortised to profit and loss over five years, being the best estimate of its useful economic life. Provision is made for an impairment.

Intangible assets

Amortisation is provided at the following annual rates in order to write off the assets over their expected useful economic life.

Website development - 20% on cost

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

-

20% on reducing balance

Equipment

-

25% on reducing balance

Current 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 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 8 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Website

Goodwill

development

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

225,000

3,900

228,900

AMORTISATION

At 1 April 2024

and 31 March 2025

225,000

3,900

228,900

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1 April 2024

25,864

62,265

88,129

Additions

80

3,513

3,593

At 31 March 2025

25,944

65,778

91,722

DEPRECIATION

At 1 April 2024

18,047

48,790

66,837

Charge for year

1,571

3,899

5,470

At 31 March 2025

19,618

52,689

72,307

NET BOOK VALUE

At 31 March 2025

6,326

13,089

19,415

At 31 March 2024

7,817

13,475

21,292

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

68,071

56,993

Accrued income

76,640

68,116

Other debtors

322,939

247,776

467,650

372,885

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loan

10,462

10,204

Taxation and social security

98,267

75,305

Other creditors

9,184

13,971

117,913

99,480

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,757

12,219

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

61,250

63,510

Between one and five years

188,603

204,853

In more than five years

-

45,000

249,853

313,363

Included above are operating leases in respect of land and buildings due within one year £45,000 (2024: £45,000) and between one and five years £180,000 (2024: £225,000).