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Company No: 08953732 (England and Wales)

# HURLEYS SOLICITORS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HURLEYS SOLICITORS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HURLEYS SOLICITORS LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
HURLEYS SOLICITORS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTOR | Mr D Hurley

REGISTERED OFFICE | 1107 Christchurch Road Boscombe East
| Bournemouth
| BH7 6BQ
| United Kingdom

COMPANY NUMBER | 08953732 (England and Wales)

CHARTERED ACCOUNTANTS | Francis Clark LLP
| Towngate House
| 2-8 Parkstone Road
| Poole
| Dorset BH15 2PW

HURLEYS SOLICITORS LIMITED

## BALANCE SHEET

As at 31 March 2025
HURLEYS SOLICITORS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 1,312 |  | 0
Tangible assets | 4 | 19,652 |  | 21,877
|  | 20,964 |  | 21,877
Current assets |  |  |  |
Debtors | 5 | 344,405 |  | 424,977
Cash at bank and in hand |  | 88 |  | 581
|  | 344,493 |  | 425,558
Creditors: amounts falling due within one year | 6 | ( 325,605) |  | ( 387,578)
Net current assets |  | 18,888 |  | 37,980
Total assets less current liabilities |  | 39,852 |  | 59,857
Creditors: amounts falling due after more than one year | 7 | ( 11,156) |  | ( 43,270)
Net assets |  | 28,696 |  | 16,587
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 28,596 |  | 16,487
Total shareholder's funds |  | 28,696 |  | 16,587

For the financial 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.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Hurleys Solicitors Limited (registered number: 08953732) were approved and authorised for issue by the Director on 20 October 2025. They were signed on its behalf by:

Mr D Hurley Director |

HURLEYS SOLICITORS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HURLEYS SOLICITORS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Hurleys Solicitors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1107 Christchurch Road Boscombe East, Bournemouth, BH7 6BQ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The company had £100 of cash and borrowings of £166k as at 31 March 2025. In common with other businesses, the impact of Covid 19 on economic conditions means that demands for our services were affected. The company has taken advantage of government schemes available due to the Covid 19 pandemic. The company has implemented a number of cost saving measures.
The director assessed the prospects of the firm over the period of at least 12 months from the date of approval of these financial statements in the context of its current operating performance, its business plan and the risks facing the business as a result of the Covid 19 pandemic. As part of that assessment the director has also considered the headroom in confirmed funding arrangements, including those obtained since the balance sheet date.
Having considered the above factors, the director has reasonable expectation that the company has adequate financial resources to meet its operational needs for the forseeable future and therefore the going concern basis has been adopted in preparing these financial statements.

##### Turnover

Turnover represents amounts chargeable to clients for professional services provided during the period excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of work performed. Turnover is not recognised where a right to receive payment is contingent upon events outside of the control of the company. Unbilled turnover is included in amounts recoverable on contracts.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line
Website costs | 4 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings | 5 years straight line
Plant and machinery etc. | 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 14 |  | 15

#### 3. Intangible assets

| Goodwill |  | Website costs |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 19,999 |  | 0 |  | 19,999
Additions | 0 |  | 1,750 |  | 1,750
At 31 March 2025 | 19,999 |  | 1,750 |  | 21,749
Accumulated amortisation |  |  |  |  |
At 01 April 2024 | 19,999 |  | 0 |  | 19,999
Charge for the financial year | 0 |  | 438 |  | 438
At 31 March 2025 | 19,999 |  | 438 |  | 20,437
Net book value |  |  |  |  |
At 31 March 2025 | 0 |  | 1,312 |  | 1,312
At 31 March 2024 | 0 |  | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 10,001 |  | 138,382 |  | 148,383
Additions | 0 |  | 925 |  | 925
At 31 March 2025 | 10,001 |  | 139,307 |  | 149,308
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 10,001 |  | 116,505 |  | 126,506
Charge for the financial year | 0 |  | 3,150 |  | 3,150
At 31 March 2025 | 10,001 |  | 119,655 |  | 129,656
Net book value |  |  |  |  |
At 31 March 2025 | 0 |  | 19,652 |  | 19,652
At 31 March 2024 | 0 |  | 21,877 |  | 21,877

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 93,960 |  | 121,981
Corporation tax | 11,275 |  | 0
Other debtors | 239,170 |  | 302,996
| 344,405 |  | 424,977

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts (secured) | 138,344 |  | 173,171
Trade creditors | 17,628 |  | 20,143
Taxation and social security | 60,801 |  | 56,334
Other creditors | 108,832 |  | 137,930
| 325,605 |  | 387,578

The bank has a fixed and floating charge over the assets of the company.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 11,156 |  | 22,313
Bank loans (secured) | 0 |  | 14,407
Other creditors | 0 |  | 6,550
| 11,156 |  | 43,270

The bank has a fixed and floating charge over the assets of the company.

#### 8. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating lease | 114,926 |  | 129,859

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 2,087 |  | 4,190

#### 9. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts due from the director at the year end | 79,202 |  | 112,818