Company registration number 07371066 (England and Wales)
ABRAHAM SOLICITORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ABRAHAM SOLICITORS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ABRAHAM SOLICITORS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
45,000
52,500
Tangible assets
5
4,055
3,540
49,055
56,040
Current assets
Debtors
6
73,032
95,750
Cash at bank and in hand
2,360
28,720
75,392
124,470
Creditors: amounts falling due within one year
7
(64,634)
(49,809)
Net current assets
10,758
74,661
Total assets less current liabilities
59,813
130,701
Provisions for liabilities
(1,014)
(657)
Net assets
58,799
130,044
Capital and reserves
Called up share capital
80
80
Share premium account
4,136
4,136
Profit and loss reserves
54,583
125,828
Total equity
58,799
130,044
ABRAHAM SOLICITORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for:

- ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

- preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 November 2025 and are signed on its behalf by:
Mr A Holliday
Director
Company registration number 07371066 (England and Wales)
ABRAHAM SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Abraham Solicitors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 53 King Street, Wrexham, LL11 1HR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired in 2011. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ABRAHAM SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ABRAHAM SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
7
ABRAHAM SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
150,000
Amortisation and impairment
At 1 April 2024
97,500
Amortisation charged for the year
7,500
At 31 March 2025
105,000
Carrying amount
At 31 March 2025
45,000
At 31 March 2024
52,500
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
27,757
Additions
1,873
Disposals
(1,954)
At 31 March 2025
27,676
Depreciation and impairment
At 1 April 2024
24,217
Depreciation charged in the year
989
Eliminated in respect of disposals
(1,585)
At 31 March 2025
23,621
Carrying amount
At 31 March 2025
4,055
At 31 March 2024
3,540
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
63,480
78,554
Other debtors
9,552
17,196
73,032
95,750
ABRAHAM SOLICITORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
61,970
47,093
Other creditors
2,664
2,716
64,634
49,809
2025-03-31 2024-04-01 false false false 26 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A Holliday Mrs Bethan Jones Miss D Macmillan 07371066 2024-04-01 2025-03-31 07371066 2025-03-31 07371066 2024-03-31 07371066 core:NetGoodwill 2025-03-31 07371066 core:NetGoodwill 2024-03-31 07371066 core:OtherPropertyPlantEquipment 2025-03-31 07371066 core:OtherPropertyPlantEquipment 2024-03-31 07371066 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07371066 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07371066 core:WithinOneYear 2025-03-31 07371066 core:WithinOneYear 2024-03-31 07371066 core:CurrentFinancialInstruments 2025-03-31 07371066 core:CurrentFinancialInstruments 2024-03-31 07371066 core:ShareCapital 2025-03-31 07371066 core:ShareCapital 2024-03-31 07371066 core:SharePremium 2025-03-31 07371066 core:SharePremium 2024-03-31 07371066 core:RetainedEarningsAccumulatedLosses 2025-03-31 07371066 core:RetainedEarningsAccumulatedLosses 2024-03-31 07371066 bus:Director1 2024-04-01 2025-03-31 07371066 core:Goodwill 2024-04-01 2025-03-31 07371066 core:FurnitureFittings 2024-04-01 2025-03-31 07371066 core:ComputerEquipment 2024-04-01 2025-03-31 07371066 2023-04-01 2024-03-31 07371066 core:NetGoodwill 2024-03-31 07371066 core:NetGoodwill 2024-04-01 2025-03-31 07371066 core:OtherPropertyPlantEquipment 2024-03-31 07371066 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 07371066 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07371066 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07371066 bus:FRS102 2024-04-01 2025-03-31 07371066 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07371066 bus:Director2 2024-04-01 2025-03-31 07371066 bus:Director3 2024-04-01 2025-03-31 07371066 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP