REGISTERED NUMBER: 03943212 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Cobleys Solicitors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P F Martini

E Williams

J P Mcilveen

SECRETARY:

E Williams

REGISTERED OFFICE:

19-23 Sir Thomas Street

Liverpool

Merseyside

L1 6BW

REGISTERED NUMBER:

03943212 (England and Wales)

ACCOUNTANTS:

Graham & Fisher Limited

T/A Grahams

Chartered Accountants

30 Birkenhead Road

Hoylake

Wirral

CH47 3BW

FIXED ASSETS

Tangible assets

4

49,359

75,413

CURRENT ASSETS

Work In Progress

1,183,384

1,603,033

Debtors

5

965,125

971,959

Cash at bank and in hand

864

90,287

2,149,373

2,665,279

CREDITORS

Amounts falling due within one year

6

1,162,539

1,128,836

NET CURRENT ASSETS

986,834

1,536,443

TOTAL ASSETS LESS CURRENT LIABILITIES

1,036,193

1,611,856

CREDITORS

Amounts falling due after more than one year

7

(83,333

)

(334,657

)

PROVISIONS FOR LIABILITIES

(12,340

)

(17,738

)

NET ASSETS

940,520

1,259,461

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

940,518

1,259,459

940,520

1,259,461

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 19 September 2025 and were signed on its behalf by:

P F Martini - Director

1.	STATUTORY INFORMATION

Cobleys 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.

Turnover represents amounts receivable for services provided during the period excluding disbursements and value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value. It is based on an estimate of the amount expected to be recoverable on unbilled items based on factors such as time spent and expenses incurred as well as past experience. It is recognised where completion of contractual obligations is dependent on external factors which have not occurred by the balance sheet date.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 37 (2023 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

190,536

Disposals

(9,161

)

At 31 December 2024

181,375

DEPRECIATION

At 1 January 2024

115,123

Charge for year

26,054

Eliminated on disposal

(9,161

)

At 31 December 2024

132,016

NET BOOK VALUE

At 31 December 2024

49,359

At 31 December 2023

75,413

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

100,584

DEPRECIATION

At 1 January 2024

44,006

Charge for year

14,144

At 31 December 2024

58,150

NET BOOK VALUE

At 31 December 2024

42,434

At 31 December 2023

56,578

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

601,174

607,879

Other debtors

363,951

364,080

965,125

971,959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

634,411

669,158

Hire purchase contracts

51,324

15,003

Trade creditors

16,978

16,112

Taxation and social security

226,578

233,052

Other creditors

233,248

195,511

1,162,539

1,128,836

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

83,333

283,333

Hire purchase contracts

-

51,324

83,333

334,657

8.	RELATED PARTY DISCLOSURES

As well as being directors and shareholders of the company, P Martini and E Williams are also the only directors and shareholders of WM Investments & Properties Ltd. During the year, rent paid to this related party totalled £48,000 (2023 - £48,000), loans to them totalled £7,500 (2023 - £5,200) and payments made on their behalf totalled £3,010 (2023 - £3,329).

At the end of the year the amount due from this related party, and included in other debtors, was £280,316 (2023 - £269,806).