REGISTERED NUMBER: 07154620 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Chilcotts Law Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Wilde

C A Jewels

REGISTERED OFFICE:

10 Plymouth Road

Tavistock

Devon

PL19 8AY

REGISTERED NUMBER:

07154620 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,063

20,075

17,063

20,075

CURRENT ASSETS

Work in progress

93,852

58,860

Debtors

6

289,924

344,203

Cash at bank and in hand

30,603

2,430

414,379

405,493

CREDITORS

Amounts falling due within one year

7

308,317

249,299

NET CURRENT ASSETS

106,062

156,194

TOTAL ASSETS LESS CURRENT LIABILITIES

123,125

176,269

CREDITORS

Amounts falling due after more than one year

8

(25,362

)

(97,065

)

PROVISIONS FOR LIABILITIES

(4,266

)

(5,019

)

NET ASSETS

93,497

74,185

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

93,395

74,083

93,497

74,185

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

D Wilde - Director

1.	STATUTORY INFORMATION

Chilcotts Law 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.

Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect new estimates.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 11 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

835,937

AMORTISATION

At 1 April 2024

and 31 March 2025

835,937

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

68,058

DEPRECIATION

At 1 April 2024

47,983

Charge for year

3,012

At 31 March 2025

50,995

NET BOOK VALUE

At 31 March 2025

17,063

At 31 March 2024

20,075

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

54,531

99,916

Amounts owed by group undertakings

60,754

59,766

Other debtors

174,639

184,521

289,924

344,203

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

204,677

151,738

Other creditors

103,640

97,561

308,317

249,299

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

25,362

97,065

9.	LEASING AGREEMENTS

As at 31 March 2025 the company had non-cancellable commitments totalling £65,813 (2024: £7,313).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D Wilde

Balance outstanding at start of year

151,050

126,763

Amounts advanced

205,144

212,763

Amounts repaid

(212,923

)

(188,476

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

143,271

151,050

The loan is repayable on demand.