REGISTERED NUMBER: 06078993 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OCL SOLICITORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W L Broughton

J M Parker

Mrs S L Chadburn

K L Burton

SECRETARY:

Mrs F Broughton

REGISTERED OFFICE:

First Floor

Unit 1

Carolina Court

Doncaster

DN4 5RA

REGISTERED NUMBER:

06078993 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Tangible assets

4

318,553

322,449

CURRENT ASSETS

Debtors

5

1,883,928

1,915,987

Cash at bank

581,466

496,177

2,465,394

2,412,164

CREDITORS

Amounts falling due within one year

6

2,367,885

2,564,538

NET CURRENT ASSETS/(LIABILITIES)

97,509

(152,374

)

TOTAL ASSETS LESS CURRENT LIABILITIES

416,062

170,075

PROVISIONS FOR LIABILITIES

5,767

4,090

NET ASSETS

410,295

165,985

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

410,285

165,975

410,295

165,985

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 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 18 September 2025 and were signed on its behalf by:

W L Broughton - Director

1.	STATUTORY INFORMATION

OCL Solicitors Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

10% on cost

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 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 118 (2023 - 100 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

362,533

67,448

429,981

Additions

-

9,090

9,090

At 31 December 2024

362,533

76,538

439,071

DEPRECIATION

At 1 January 2024

59,796

47,736

107,532

Charge for year

7,247

5,739

12,986

At 31 December 2024

67,043

53,475

120,518

NET BOOK VALUE

At 31 December 2024

295,490

23,063

318,553

At 31 December 2023

302,737

19,712

322,449

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,842,074

1,867,671

Other debtors

41,854

48,316

1,883,928

1,915,987

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,701,823

2,145,346

Tax

87,726

64,522

Social security and other taxes

529,341

228,328

Other creditors

15,874

17,157

Credit card

100

100

Directors' loan accounts

14,554

90,629

Accrued expenses

18,467

18,456

2,367,885

2,564,538

7.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

47,000

47,000

Between one and five years

188,000

188,000

In more than five years

131,600

178,600

366,600

413,600