Brady Solicitors Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06524424

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		175,803		86,754

			175,803		86,754
CURRENT ASSETS
Stocks	5	2,713,581		2,179,890
Debtors	6	1,308,369		670,792
Cash at bank and in hand		508,890		1,546,601

		4,530,840		4,397,283
Creditors: Amounts Falling Due Within One Year	7	(931,464 )		(1,302,090 )

NET CURRENT ASSETS (LIABILITIES)			3,599,376		3,095,193

TOTAL ASSETS LESS CURRENT LIABILITIES			3,775,179		3,181,947

Creditors: Amounts Falling Due After More Than One Year	8		(40,769 )		(98,176 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(26,904 )		(21,921 )

NET ASSETS			3,707,506		3,061,850

CAPITAL AND RESERVES
Called up share capital	9		111		100
Capital redemption reserve			20		20
Profit and Loss Account			3,707,375		3,061,730

SHAREHOLDERS' FUNDS			3,707,506		3,061,850

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Brady Solicitors 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Ms Clare Brady

Director

30 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Brady Solicitors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06524424 . The registered office is 28 Regent Street, Nottingham, NG1 5BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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

Straight line over 3-5 years

2.4. Stocks and Work in Progress

The only stock held is work-in-progress which is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a job by job basis by recording related costs as job activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 50 (2024: 41)

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Brady Solicitors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	354,088
Additions	150,877

As at 31 March 2025	504,965

Depreciation
As at 1 April 2024	267,334
Provided during the period	61,828

As at 31 March 2025	329,162

Net Book Value
As at 31 March 2025	175,803

As at 1 April 2024	86,754

5. Stocks

	2025	2024
	£	£
Work in progress	2,713,581	2,179,890

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,082,548	587,347
Prepayments and accrued income	225,821	83,034
Directors' loan accounts	-	411

	1,308,369	670,792

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	121,004	85,787
Bank loans and overdrafts	43,692	43,692
Corporation tax	264,965	591,783
Other taxes and social security	53,610	49,344
VAT	256,670	206,314
Other creditors	14,806	776
Accruals and deferred income	175,275	324,394
Directors' loan accounts	1,442	-

	931,464	1,302,090

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Brady Solicitors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	40,769	98,176

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	111	100

During the year, there was a reclassification of share capital to introduce a new class of shares. On the 11th October 2024 11 ordinary B shares were issued and paid for at their nominal value of £1.

On the 11th October 2024 the 100 ordinary shares already in issue were reclassified as 21 ordinary A shares, 59 ordinary B shares and 20 ordinary D shares.

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