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Registration number: 08918281

Joe Egan Solicitors Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Joe Egan Solicitors Ltd

Contents

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

Joe Egan Solicitors Ltd

(Registration number: 08918281)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 30,000 | 30,000
Tangible assets | 5 | 9,544 | 3,724
|  | 39,544 | 33,724
Current assets |  |  |
Stocks | 6 | 181,200 | 175,050
Debtors | 7 | 167,927 | 136,824
Cash at bank and in hand |  | 634,505 | 406,336
|  | 983,632 | 718,210
Creditors: Amounts falling due within one year | 8 | (572,672) | (280,756)
Net current assets |  | 410,960 | 437,454
Total assets less current liabilities |  | 450,504 | 471,178
Provisions for liabilities |  | (2,416) | (894)
Net assets |  | 448,088 | 470,284
Capital and reserves |  |  |
Called up share capital |  | 125 | 125
Share premium reserve |  | 22,975 | 22,975
Retained earnings |  | 424,988 | 447,184
Shareholders' funds |  | 448,088 | 470,284

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.

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.

Joe Egan Solicitors Ltd

(Registration number: 08918281)
Balance Sheet as at 31 March 2025

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

......................................... Miss H J F Egan Director

Joe Egan Solicitors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is:
13 Mawdsley Street
Bolton
Lancs
BL1 1JZ

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

Revenue recognition

Revenue is recognised to the extent that the company has the right to consideration in exchange for its performance. Revenue is measured at the fair value of consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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.

Joe Egan Solicitors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 10% straight line
Computer equipment | 33% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

Work in progress

Work in progress is valued at the lower of cost and net realisable value of work carried out where it is not appropriate for fee revenue to be recognised at or before the year end.

Joe Egan Solicitors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 and subsequently measured at amortised cost using the effective interest method.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2024 - 28).

Joe Egan Solicitors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 30,000 | 30,000
At 31 March 2025 | 30,000 | 30,000
Amortisation
Carrying amount
At 31 March 2025 | 30,000 | 30,000
At 31 March 2024 | 30,000 | 30,000

5 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 28,730 | 65,493 | 94,223
Additions | - | 11,856 | 11,856
Disposals | - | (526) | (526)
At 31 March 2025 | 28,730 | 76,823 | 105,553
Depreciation
At 1 April 2024 | 28,034 | 62,465 | 90,499
Charge for the year | 196 | 5,840 | 6,036
Eliminated on disposal | - | (526) | (526)
At 31 March 2025 | 28,230 | 67,779 | 96,009
Carrying amount
At 31 March 2025 | 500 | 9,044 | 9,544
At 31 March 2024 | 696 | 3,028 | 3,724

Joe Egan Solicitors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 181,200 | 175,050

7 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 167,927 | 136,824
| 167,927 | 136,824

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 226,263 | 101,238
Accruals and deferred income | 79,409 | 12,064
Other creditors | 267,000 | 167,454
| 572,672 | 280,756

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 24,000 | 15,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £17,750 (2024 - £14,000).