Albertson Solicitors Limited - Filleted accounts

Registered number

13176410

Albertson Solicitors Limited

Accounts

For the year ended 30 April 2025

delivered to the Registrar of Companies under section 444 of the Companies Act 2006

Albertson Solicitors Limited
Registered number: 13176410
Balance Sheet
As at 30 April 2025


Notes		2025		2024
£			£
Fixed assets
Tangible assets	4	24,649		35,494

Current assets
Debtors	5	391,627		418,815
Cash at bank		116,586		36,112
		508,213		454,927

Creditors: amounts falling due within one year	6	(228,899)		(207,688)

Net current assets		279,314		247,239

Total assets less current liabilities		303,963		282,733

Creditors: amounts falling due after one year	7	(2,492)		(8,572)

Provision for deferred tax liabilities		(6,162)		(8,874)

Client funds
Client bank accounts		4,212,036		42,937
Amounts due to clients		(4,212,036)		(42,937)

Net assets		295,309		265,287

Capital and reserves
Share capital	8	1,000		1,000
Retained earnings		294,309		264,287

Shareholders funds		295,309		265,287


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The company has taken the option not to deliver a profit and loss account to the Registrar of Companies.




Peter Dovey
Director
Approved by the board on 20 October 2025

Albertson Solicitors Limited
Notes to the Accounts
For the year ended 30 April 2025



1	Company information

	The company is a private company limited by shares, incorporated in England and registered at 14 Old Square, Lincoln's Inn, London, WC2A 3EU.


2	Accounting policies

	2.1 Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard).

	2.2 Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the rendering of services. Turnover is recognised on completion of the service rendered.

	2.3 Tangible assets
	Tangible assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset evenly over its expected useful life, as follows:
	Equipment and fittings	over 4 years

	2.4 Debtors
	Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Longer term loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	2.5 Creditors
	Short term creditors are measured at transaction price. Longer term loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	2.6 Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	2.7 Impairment
	Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account.

	2.8 Provisions
	Provisions and other liabilities of uncertain timing or amount are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be reliably estimated.

	2.9 Foreign currency translation
	The company's functional and presentation currency is Pound sterling ("£"). Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	2.10 Pension contributions
	Contributions to defined contribution plans are expensed in the period to which they relate.



3	Employees		2025		2024
Number				Number

	Average number of persons employed, including directors		12		9



4	Tangible assets
					Equipment and fittings
£
	Cost
	At 1 May 2024				64,786
	Additions				7,143
	At 30 April 2025				71,929

	Depreciation
	At 1 May 2024				29,292
	Charge for the year				17,988
	At 30 April 2025				47,280

	Net book value
	At 30 April 2025				24,649
	At 30 April 2024				35,494


5	Debtors		2025		2024
£				£

	Trade debtors		309,005		327,817
	Other debtors		82,622		90,998
			391,627		418,815


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans		30,328		6,390
	Trade creditors		49,548		65,617
	Taxation and social security		107,874		55,143
	Other creditors		41,149		80,538
			228,899		207,688


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		2,492		8,572



8	Share capital		2025		2024
£				£
	Allotted, called up and fully paid:
	1,000 ordinary shares of £1 each		1,000		1,000



9	Financial commitments		2025		2024
£				£
	Total future minimum payments under non-cancellable operating leases, held by Peter Dovey, director, on trust for the company		393,750		456,750


10	Related party transactions

	Included within other creditors in Note 6 is an interest-free, unsecured and repayable on demand loan of £10,073 (2024: £52,771) from Peter Dovey, a director of the company. Also included within other creditors in Note 6 is an interest-free, unsecured and repayable on demand loan of £6,135 (2024: £4,913) from Nagi Khalid El Hussein Idris, a director of the company. During the year ended 30 April 2025, this loan was at times in the direction of from the company to Nagi Khalid El Hussein Idris, at which point it was interest-bearing at a rate of 2.25%, unsecured, repayable on demand and reached a peak balance of £13,455 (2024: £10,723). By 30 April 2025, all advances to the director had been repaid and the loan was payable from the company to Nagi Khalid El Hussein Idris.