REGISTERED NUMBER: 04148593 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ADCOCKS SOLICITORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M H Adcock

Mr H J Adcock

Mrs F M A Di Pierri

REGISTERED OFFICE:

Chancery House

27 Lombard Street

Lichfield

Staffordshire

WS13 6DP

REGISTERED NUMBER:

04148593 (England and Wales)

ACCOUNTANTS:

Brookes Stephens

New Media House

Davidson Road

Lichfield

Staffordshire

WS14 9DZ

Fixed assets

Intangible assets

4

8,694

9,416

Tangible assets

5

16,296

35,319

Investments

6

10,100

10,100

35,090

54,835

Current assets

Stocks

317,546

272,623

Debtors

7

418,635

278,658

Investments

8

87

87

Cash at bank and in hand

146,676

117,019

882,944

668,387

Creditors

Amounts falling due within one year

9

358,185

312,043

Net current assets

524,759

356,344

Total assets less current liabilities

559,849

411,179

Creditors

Amounts falling due after more than one year

10

(21,576

)

(50,915

)

Provisions for liabilities

(1,512

)

-

Net assets

536,761

360,264

Capital and reserves

Called up share capital

13

11

11

Retained earnings

536,750

360,253

Shareholders' funds

536,761

360,264

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr H J Adcock - Director

1.	STATUTORY INFORMATION

Adcocks Solicitors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Adcocks Solicitors Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance and 10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

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 23 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

18,038

AMORTISATION

At 1 April 2024

8,622

Charge for year

722

At 31 March 2025

9,344

NET BOOK VALUE

At 31 March 2025

8,694

At 31 March 2024

9,416

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

104,685

Additions

6,612

Disposals

(48,450

)

At 31 March 2025

62,847

DEPRECIATION

At 1 April 2024

69,366

Charge for year

5,195

Eliminated on disposal

(28,010

)

At 31 March 2025

46,551

NET BOOK VALUE

At 31 March 2025

16,296

At 31 March 2024

35,319

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

10,100

NET BOOK VALUE

At 31 March 2025

10,100

At 31 March 2024

10,100

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

233,415

121,457

Amounts owed by group undertakings

114,378

-

Other debtors

70,842

75,939

418,635

197,396

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

-

81,262

Aggregate amounts

418,635

278,658

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

87

87

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,769

10,109

Trade creditors

19,494

25,703

Amounts owed to group undertakings

185

185

Taxation and social security

184,479

127,831

Other creditors

150,258

148,215

358,185

312,043

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

9,749

Other creditors

21,576

41,166

21,576

50,915

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

39,112

22,188

Between one and five years

42,564

12,850

81,676

35,038

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

106,183

112,856

Mr H J Adcock provided a personal guarantee of £75,000 in respect of a Loan agreement categorised within 'Other Creditors' at the year end.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

75

Ordinary A

£0.10

8

8

17

Ordinary B

£0.10

2

2

9

Ordinary C

£0.10

1

1

11

11

14.	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:

2025

2024

£

£

Mr M H Adcock

Balance outstanding at start of year

81,262

78,896

Amounts advanced

31,200

2,366

Amounts repaid

(112,462

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

81,262

Interest of 3% per annum is charged on the loan owed by Mr M Adcock. The loan is repayable on demand.

15.	RELATED PARTY DISCLOSURES

During the year, total dividends of £77,944 (2024 - £88,992) were paid to the directors .

At the year end the company owed Mr H Adcock £2,989 (2024: £5,989). This loan is interest free.

16.	ULTIMATE CONTROLLING PARTY

During the year the entire share capital of the company was purchased by Adcock (Holdings) Limited.

Adcock (Holdings) Limited is the controlling company and its registered office is Chancery House, 27 Lombard Street, Lichfield, Staffordshire, WS13 6DP.