REGISTERED NUMBER: 10731478 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

AWB Charlesworth Solicitors Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

J A Dunn

D T M Hayes

F R J Green

M Shaw

J S Barron

C T Cooper

C H Roberts

REGISTERED OFFICE:

Aireside House

Aireside Business Park

KEIGHLEY

West Yorkshire

BD21 4BZ

REGISTERED NUMBER:

10731478 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

84,000

126,000

Tangible assets

6

35,341

39,315

119,341

165,315

CURRENT ASSETS

Stocks

724,904

622,806

Debtors

7

447,343

499,811

Cash at bank and in hand

588,361

728,811

1,760,608

1,851,428

CREDITORS

Amounts falling due within one year

8

480,502

412,767

NET CURRENT ASSETS

1,280,106

1,438,661

TOTAL ASSETS LESS CURRENT LIABILITIES

1,399,447

1,603,976

PROVISIONS FOR LIABILITIES

8,932

9,829

NET ASSETS

1,390,515

1,594,147

CAPITAL AND RESERVES

Called up share capital

10

446

522

Share premium

29,960

-

Capital redemption reserve

96

(23,081

)

Retained earnings

1,360,013

1,616,706

SHAREHOLDERS' FUNDS

1,390,515

1,594,147

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 11 August 2025 and were signed on its behalf by:

J A Dunn - Director

1.	STATUTORY INFORMATION

AWB Charlesworth 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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

-

33% on cost and 25% on reducing balance

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.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 50 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

420,000

AMORTISATION

At 1 April 2024

294,000

Amortisation for year

42,000

At 31 March 2025

336,000

NET BOOK VALUE

At 31 March 2025

84,000

At 31 March 2024

126,000

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

19,786

29,252

50,973

100,011

Additions

-

3,689

7,120

10,809

Disposals

-

-

(10,038

)

(10,038

)

At 31 March 2025

19,786

32,941

48,055

100,782

DEPRECIATION

At 1 April 2024

-

13,479

47,217

60,696

Charge for year

4,947

4,865

4,784

14,596

Eliminated on disposal

-

-

(9,851

)

(9,851

)

At 31 March 2025

4,947

18,344

42,150

65,441

NET BOOK VALUE

At 31 March 2025

14,839

14,597

5,905

35,341

At 31 March 2024

19,786

15,773

3,756

39,315

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

318,916

326,440

Other debtors

128,427

173,371

447,343

499,811

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

30,117

10,208

Taxation and social security

406,526

351,789

Other creditors

43,859

50,770

480,502

412,767

9.	LEASING AGREEMENTS

The total amount of financial commitments, in respect of operating leases, not included in the balance sheet is £137,362 (2024 - £189,999).

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

52

B Ordinary

£1

52

100

100

C Ordinary

£1

100

100

52

D Ordinary

£1

52

100

100

E Ordinary

£1

100

100

100

F Ordinary

£1

100

100

40

G Ordinary

£1

40

20

1

W Ordinary

£1

1

2

1

Y Ordinary

£1

1

-

446

522

The following shares were issued during the year for cash at par :

20 G Ordinary shares of £1

11.	OTHER FINANCIAL COMMITMENTS

During the year the company has entered into a contract to repurchase 200 of its own shares for a total consideration of £1,040,000. The buyback will be funded from distributable profits with the shares cancelled upon acquisition.

The first tranche of 96 shares were bought back for £499,200 on the 31st March 2025 The remaining shares will be bought back in monthly tranches from April 2025 to June 2026 for a total of £540,800.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AWB Charlesworth Solicitors Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AWB Charlesworth Solicitors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AWB Charlesworth Solicitors Limited and state those matters that we have agreed to state to the Board of Directors of AWB Charlesworth Solicitors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AWB Charlesworth Solicitors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AWB Charlesworth Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AWB Charlesworth Solicitors Limited. You consider that AWB Charlesworth Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AWB Charlesworth Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

11 August 2025