Company No: 07167758 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Mr J Halewood-Dodd

REGISTERED OFFICE	31 Church Street
	Lancaster
	LA1 1LP
	United Kingdom

COMPANY NUMBER

07167758 (England and Wales)

ACCOUNTANT	MHA
	Richard House
	9 Winckley Square
	Preston
	Lancashire
	PR1 3HP

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	262,500		312,500
Tangible assets	4	13,359		14,311
		275,859		326,811
Current assets
Debtors	5	97,366		117,155
Cash at bank and in hand		353,613		191,470
		450,979		308,625
Creditors: amounts falling due within one year	6	( 92,394)		( 62,351)
Net current assets		358,585		246,274
Total assets less current liabilities		634,444		573,085
Provision for liabilities		( 3,077)		( 3,388)
Net assets		631,367		569,697
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		631,267		569,597
Total shareholders' funds		631,367		569,697

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of LHD Solicitors Ltd (registered number: 07167758) were approved and authorised for issue by the Director on 17 September 2025. They were signed on its behalf by:

Mr J Halewood-Dodd Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

LHD Solicitors Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 31 Church Street, Lancaster, LA1 1LP, United Kingdom.

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated businesses 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 20 years.

Goodwill

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit and loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	13		12

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	1,000,000		1,000,000
At 31 December 2024	1,000,000		1,000,000
Accumulated amortisation
At 01 January 2024	687,500		687,500
Charge for the financial year	50,000		50,000
At 31 December 2024	737,500		737,500
Net book value
At 31 December 2024	262,500		262,500
At 31 December 2023	312,500		312,500

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	44,103		44,103
Additions	1,288		1,288
At 31 December 2024	45,391		45,391
Accumulated depreciation
At 01 January 2024	29,792		29,792
Charge for the financial year	2,240		2,240
At 31 December 2024	32,032		32,032
Net book value
At 31 December 2024	13,359		13,359
At 31 December 2023	14,311		14,311

5. Debtors

	2024		2023
	£		£
Trade debtors	35,945		26,526
Other debtors	61,421		90,629
	97,366		117,155

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	1,342		2,328
Taxation and social security	81,304		52,347
Other creditors	9,748		7,676
	92,394		62,351

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
65 A Ordinary shares of £ 1.00 each	65		65
35 B Ordinary shares of £ 1.00 each	35		35
	100		100

8. Financial commitments

Commitments

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating lease	2,500		2,730

9. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
Amount owed by the company to the Director	0		187
Amount owed by the Director to the company	(3,236)		0

During the year the director had a loan account which became overdrawn. The balance at 1 January was £187 in credit. During the current year the director has introduced £28,300 . The director has drawn £31,723 during the year. As at 31 December 2024 the director owed the company £3,236.