Registration number: 05120109

Sovereign Solicitors Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Sovereign Solicitors Limited

Balance Sheet

as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	10,000	20,000
Tangible assets	5	12,304	14,155
		22,304	34,155
Current assets
Debtors	6	565,709	533,561
Cash at bank and in hand		12,728	5
		578,437	533,566
Creditors: Amounts falling due within one year	7	(552,627)	(508,853)
Net current assets		25,810	24,713
Total assets less current liabilities		48,114	58,868
Creditors: Amounts falling due after more than one year	7	(892)	(11,369)
Provisions for liabilities		(3,076)	(3,539)
Net assets		44,146	43,960
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Profit and loss account		44,046	43,860
Shareholders' funds		44,146	43,960

Registration number: 05120109

Sovereign Solicitors Limited

Balance Sheet

as at 30 April 2025 (continued)

For the financial year ending 30 April 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 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 October 2025
 

......................................... Mr S R Javed Company secretary and director

Sovereign Solicitors Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 05120109.

The address of its registered office is:
10 Parkview Court
St Pauls Road
Shipley
West Yorkshire
BD18 3DZ

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

All work is undertaken on a contigent basis and consequently fees are recognised and included in turnover in respect of all cases that have received a positive judgement or have been settled by the insurance company before the end of the accounting period.

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.

Sovereign Solicitors Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	- 20% per annum on a straight line basis
Computer equipment	- 33.3% per annum on a straight line basis

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 20 years. Provision is made for any impairment.

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.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

Sovereign Solicitors Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 8 (2024 - 10).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2024	200,000	200,000
At 30 April 2025	200,000	200,000
Amortisation
At 1 May 2024	180,000	180,000
Amortisation charge	10,000	10,000
At 30 April 2025	190,000	190,000
Net book value:
At 30 April 2025	10,000	10,000
At 30 April 2024	20,000	20,000

Sovereign Solicitors Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

5	Tangible assets

	Fixtures, fittings and equipment £	Computer equipment £	Total £
Cost or valuation
At 1 May 2024	40,250	52,642	92,892
Additions	-	2,210	2,210
At 30 April 2025	40,250	54,852	95,102
Depreciation
At 1 May 2024	27,047	51,690	78,737
Charge for the year	2,950	1,111	4,061
At 30 April 2025	29,997	52,801	82,798
Carrying amount
At 30 April 2025	10,253	2,051	12,304
At 30 April 2024	13,203	952	14,155

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		387,677	308,065
Amounts owed by related parties		153,993	198,424
Prepayments		24,039	27,072
		565,709	533,561

Sovereign Solicitors Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

7

Creditors

	2025 £	2024 £
Due within one year
Loans and overdrafts	208,793	159,750
Trade creditors	218,880	217,314
Taxation and social security	32,327	33,562
Other creditors	1,507	1,506
Accruals and deferred income	34,605	51,069
Corporation tax	56,160	45,339
Director's loan account	355	313
	552,627	508,853
Due after one year
Bank loans	892	11,369

Due after one year
Bank loans and overdrafts		892	11,369

8	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 £48,747 (2024 - £71,050).