Graham & Rosen Limited 07807656 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is Solicitors Digita Accounts Production Advanced 6.30.9574.0 true 07807656 2024-07-01 2025-06-30 07807656 2025-06-30 07807656 core:CurrentFinancialInstruments 2025-06-30 07807656 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 07807656 core:Goodwill 2025-06-30 07807656 core:ConstructionInProgressAssetsUnderConstruction 2025-06-30 07807656 core:FurnitureFittingsToolsEquipment 2025-06-30 07807656 core:LandBuildings 2025-06-30 07807656 bus:SmallEntities 2024-07-01 2025-06-30 07807656 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 07807656 bus:FilletedAccounts 2024-07-01 2025-06-30 07807656 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 07807656 bus:RegisteredOffice 2024-07-01 2025-06-30 07807656 bus:CompanySecretaryDirector1 2024-07-01 2025-06-30 07807656 bus:Director3 2024-07-01 2025-06-30 07807656 bus:Director4 2024-07-01 2025-06-30 07807656 bus:Director6 2024-07-01 2025-06-30 07807656 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 07807656 core:Goodwill 2024-07-01 2025-06-30 07807656 core:ConstructionInProgressAssetsUnderConstruction 2024-07-01 2025-06-30 07807656 core:FurnitureFittings 2024-07-01 2025-06-30 07807656 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 07807656 core:LandBuildings 2024-07-01 2025-06-30 07807656 countries:EnglandWales 2024-07-01 2025-06-30 07807656 2024-06-30 07807656 core:Goodwill 2024-06-30 07807656 core:ConstructionInProgressAssetsUnderConstruction 2024-06-30 07807656 core:FurnitureFittingsToolsEquipment 2024-06-30 07807656 core:LandBuildings 2024-06-30 07807656 2023-07-01 2024-06-30 07807656 2024-06-30 07807656 core:CurrentFinancialInstruments 2024-06-30 07807656 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07807656 core:ConstructionInProgressAssetsUnderConstruction 2024-06-30 07807656 core:FurnitureFittingsToolsEquipment 2024-06-30 07807656 core:LandBuildings 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 07807656

Graham & Rosen Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Graham & Rosen Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Graham & Rosen Limited

Company Information

Directors | IR Boyle AF Waller HP Drewery O Richardson

Company secretary | IR Boyle

Registered office | 8 Parliament Street Hull East Yorkshire HU1 2BB

Graham & Rosen Limited

(Registration number: 07807656)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 259,776 | 257,112
Current assets |  |  |
Stocks | 6 | 87,635 | 82,155
Debtors | 7 | 1,078,167 | 985,243
Cash at bank and in hand |  | 233 | 365
|  | 1,166,035 | 1,067,763
Creditors: Amounts falling due within one year | 8 | (1,011,012) | (878,460)
Net current assets |  | 155,023 | 189,303
Total assets less current liabilities |  | 414,799 | 446,415
Provisions for liabilities |  | (1,520) | -
Net assets |  | 413,279 | 446,415
Capital and reserves |  |  |
Called up share capital |  | 4,800 | 4,800
Retained earnings |  | 408,479 | 441,615
Shareholders' funds |  | 413,279 | 446,415

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 October 2025 and signed on its behalf by:

Graham & Rosen Limited

(Registration number: 07807656)
Balance Sheet as at 30 June 2025

......................................... IR Boyle Company secretary and director
......................................... AF Waller Director
......................................... HP Drewery Director

Graham & Rosen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company, limited by share capital, incorporated in England and Wales and the company registration number is 07807656.

The address of its registered office is:
8 Parliament Street
Hull
East Yorkshire
HU1 2BB

These financial statements were authorised for issue by the Board on 2 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Fees receivable represent the fair value of consideration due in respect of legal services provided to clients for the year, except where the firm's entitlement to consideration is contigent upon a future event or the time cost is not expected to be recoverable in a bill. Fees receivable are shown net of value added tax.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Graham & Rosen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measure using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 2% on cost/revalution
Furniture, fittings and equipment | 33% on cost and 25% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 8 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Graham & Rosen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade debtors

Trade debtors are amounts due from customers for the provision of services in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Amounts recoverable on contracts represent the recoverable time costs of incomplete matters at the year end, including any profit element, excluding any matters where the right to consideration is contingent and the contingency has not been fulfilled at the balance sheet date.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Graham & Rosen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 40 (2024 - 43).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 July 2024 | 600,000 | 600,000
At 30 June 2025 | 600,000 | 600,000
Amortisation
At 1 July 2024 | 600,000 | 600,000
At 30 June 2025 | 600,000 | 600,000
Carrying amount
At 30 June 2025 | - | -

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Improvements to Property £ | Total £
Cost or valuation
At 1 July 2024 | 255,000 | 224,693 | 17,354 | 497,047
Additions | - | 7,661 | - | 7,661
At 30 June 2025 | 255,000 | 232,354 | 17,354 | 504,708
Depreciation
At 1 July 2024 | - | 222,581 | 17,354 | 239,935
Charge for the year | 2,550 | 2,447 | - | 4,997
At 30 June 2025 | 2,550 | 225,028 | 17,354 | 244,932
Carrying amount
At 30 June 2025 | 252,450 | 7,326 | - | 259,776
At 30 June 2024 | 255,000 | 2,112 | - | 257,112

Land and buildings were valued on a market value basis on 5 June 2024 by PPH Commercial.
The directors are not aware of any material change in the value of freehold land and buildings for the year ended 30 June 2025.

Included within the net book value of land and buildings above is £252,450 (2024 - £255,000) in respect of freehold land and buildings.

Graham & Rosen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Work in progress

| 2025 £ | 2024 £
Work in progress | 87,635 | 82,155

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 385,560 | 271,516
Prepayments | 172,459 | 107,757
Other debtors | 520,148 | 605,970
| 1,078,167 | 985,243

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 686,764 | 581,364
Taxation and social security |  | 187,683 | 191,125
Accruals and deferred income |  | 92,596 | 61,143
Other creditors |  | 43,969 | 44,828
|  | 1,011,012 | 878,460

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 324,900 | 234,443
Other borrowings | 361,864 | 346,921
| 686,764 | 581,364

The bank overdraft are secured by fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, building fixtures and fixed plant and machinery.
The other borrowings comprise of unsecured third party loans of £258,401 and unsecured directors' loans of £103,463.

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £53,500 (2024 - £66,350).

Graham & Rosen Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

11 | Related party transactions

At the year end, the company owed the directors £103,463 (2024: £173,121) in respect of current accounts balances.
Loans made to the company by the directors are unsecured and repayable on demand. Interest is charged at 5% at the year end.