Julian Taylor Solicitors Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07171586

Julian Taylor Solicitors Ltd

Filleted Unaudited Financial Statements

31 March 2025

Julian Taylor Solicitors Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	11,915	11,155

Current assets

Debtors	7	127,119	153,153
Cash at bank and in hand		99,383	121,498
		---------	---------
		226,502	274,651

Creditors: amounts falling due within one year	8	172,593	154,495
		---------	---------
Net current assets		53,909	120,156
		--------	---------
Total assets less current liabilities		65,824	131,311
		--------	---------
Net assets		65,824	131,311
		--------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	65,724	131,211
	--------	---------
Shareholders funds	65,824	131,311
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 September 2025 , and are signed on behalf of the board by:

Mr J M Taylor
Director

Company registration number: 07171586

Julian Taylor Solicitors Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Office, 6 St Mary’s Road, East Claydon, Buckingham, Buckinghamshire, MK18 2LX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Amortisation

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 as follows:

	Goodwill	-	14% straight line

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 the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	424,649
	---------
Amortisation
At 1 April 2024 and 31 March 2025	424,649
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	150	30,899	31,049
Additions	–	4,419	4,419
	----	--------	--------
At 31 March 2025	150	35,318	35,468
	----	--------	--------
Depreciation
At 1 April 2024	105	19,789	19,894
Charge for the year	11	3,648	3,659
	----	--------	--------
At 31 March 2025	116	23,437	23,553
	----	--------	--------
Carrying amount
At 31 March 2025	34	11,881	11,915
	----	--------	--------
At 31 March 2024	45	11,110	11,155
	----	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	111,891	140,506
Other debtors	15,228	12,647
	---------	---------
	127,119	153,153
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	7,352	2,201
Corporation tax	85,918	62,209
Social security and other taxes	52,406	61,166
Other creditors	26,917	28,919
	---------	---------
	172,593	154,495
	---------	---------