Sheridan Bowles Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 7979707

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		73,333		83,333
Tangible Assets	5		1,940		1,805

			75,273		85,138
CURRENT ASSETS
Stocks	6	108,760		50,937
Debtors	7	34,014		29,323
Cash at bank and in hand		505,964		476,378

		648,738		556,638
Creditors: Amounts Falling Due Within One Year	8	(65,863 )		(47,208 )

NET CURRENT ASSETS (LIABILITIES)			582,875		509,430

TOTAL ASSETS LESS CURRENT LIABILITIES			658,148		594,568

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(401 )		(401 )

NET ASSETS			657,747		594,167

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			657,647		594,067

SHAREHOLDERS' FUNDS			657,747		594,167

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Sheridan Bowles Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Anne-Marie Sheridan

Director

1st September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Sheridan Bowles Limited Registered number 7979707 is a limited by shares company incorporated in England & Wales. The Registered Office is 1 Crown Road, Great Yarmouth, Norfolk, NR30 2JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the revenue earned under a wide variety of contracts to provide legal services and advice to clients. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for it's performance under those contracts. Income includes recoverable expenses but excludes Value Added Tax. Unbilled revenue, work in progress, is included within stock.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Sheridan Bowles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	4	4

	4	4

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	200,000

As at 31 March 2025	200,000

Amortisation
As at 1 April 2024	116,667
Provided during the period	10,000

As at 31 March 2025	126,667

Net Book Value
As at 31 March 2025	73,333

As at 1 April 2024	83,333

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	1,149	2,805	10,080	14,034
Additions	-	-	781	781

As at 31 March 2025	1,149	2,805	10,861	14,815

Depreciation
As at 1 April 2024	922	2,523	8,784	12,229
Provided during the period	56	70	520	646

As at 31 March 2025	978	2,593	9,304	12,875

Net Book Value
As at 31 March 2025	171	212	1,557	1,940

As at 1 April 2024	227	282	1,296	1,805

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Sheridan Bowles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Work in progress	108,760	50,937

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,505	23,907
Prepayments and accrued income	4,955	1,504
Director's loan account	554	-

	34,014	25,411
Due after more than one year
Directors loan account	-	3,912

	34,014	29,323

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	30,089	32,482
Corporation tax	35,774	14,726

	65,863	47,208

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	401	401

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Sheridan Bowles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Directors Advances, Credits and Guarantees

Included within debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Miss Anne-Marie Sheridan	3,955	51,599	55,000	-	554

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2025	2024
	£	£
Miss Anne-Marie Sheridan	40,000	40,000

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	40,000	40,000

13. Ultimate Controlling Party

The company's ultimate controlling party is the director by virtue of her ownership of 100% of the issued share capital in the company.