Palmer and Palmer Solicitors Limited


Directors	Richard Cunningham
	Christine Eves
	Cara Hughes
	Diana Riedl


Registered Address	33 - 35 High Street
	Leatherhead
	KT22 8AB


Registered Number	08943369 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		36,494		29,545
			36,494		29,545
Current assets
Debtors	4	359,027		302,006
Cash at bank and on hand		393,948		117,541
		752,975		419,547
Creditors amounts falling due within one year	5	(309,427)		(226,828)
Net current assets (liabilities)			443,548		192,719
Total assets less current liabilities			480,042		222,264
Creditors amounts falling due after one year	6		(74,282)		(106,681)
Net assets			405,760		115,583
Capital and reserves
Called up share capital			4		4
Profit and loss account			405,756		115,579
Shareholders' funds			405,760		115,583

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 1 December 2025, and are signed on its behalf by:

Christine Eves
Director
Registered Company No. 08943369

Palmer and Palmer Solicitors Limited

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	5

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). 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.	Average number of employees
	The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,768 (2023: £8,910). Contributions outstanding at the year end amounted to £1,708 (2023: £2,842) and are included within creditors.

Average number of employees

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to
£6,768 (2023: £8,910). Contributions outstanding at the year end amounted to £1,708 (2023: £2,842)
and are included within creditors.


		2025		2024
	Average number of employees during the year	14		14

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 July 24	46,803
	Additions	16,073
	At 30 June 25	62,876
	Depreciation and impairment
	At 01 July 24	17,258
	Charge for year	9,124
	At 30 June 25	26,382
	Net book value
	At 30 June 25	36,494
	At 30 June 24	29,545

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	63,749	55,347
Other debtors	188,923	93,064
Prepayments and accrued income	106,355	153,595
Total	359,027	302,006


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	87,575	55,078
Bank borrowings and overdrafts	-	47,952
Taxation and social security	200,019	123,109
Other creditors	19,968	-
Accrued liabilities and deferred income	1,865	689
Total	309,427	226,828


	Short term creditors are measured at transaction price (which is usually the invoice price).

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	74,282	106,681
Total	74,282	106,681


	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.

7.	Directors advances, credits and guarantees
	Included within Other Debtors are Directors' loan accounts amounting to £188,923 (2024 - £93,064). These amounts are repayable on demand