REGISTERED NUMBER: 06837013 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

JAMES LEGAL LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

N J Miller

S Young

M Stoney

B Swarbrick

REGISTERED OFFICE:

Planet House

2 Woodhouse Street

Hedon Road

Hull

E. Yorks

HU9 1RJ

REGISTERED NUMBER:

06837013 (England and Wales)

ACCOUNTANTS:

Majors Limited

57 Spyvee Street

Hull

E. Yorks

HU8 7JJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,162

56,156

42,162

56,156

CURRENT ASSETS

Debtors

6

475,733

444,773

Cash at bank

743,229

694,376

1,218,962

1,139,149

CREDITORS

Amounts falling due within one year

7

358,764

397,860

NET CURRENT ASSETS

860,198

741,289

TOTAL ASSETS LESS CURRENT LIABILITIES

902,360

797,445

PROVISIONS FOR LIABILITIES

1,835

3,034

NET ASSETS

900,525

794,411

CAPITAL AND RESERVES

Called up share capital

11,110

11,110

Retained earnings

889,415

783,301

SHAREHOLDERS' FUNDS

900,525

794,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

(b)

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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2025 and were signed on its behalf by:

N J Miller - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

4,325

AMORTISATION

At 1 April 2024

and 31 March 2025

4,325

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

42,000

89,044

131,044

DEPRECIATION

At 1 April 2024

-

74,888

74,888

Charge for year

8,400

5,594

13,994

At 31 March 2025

8,400

80,482

88,882

NET BOOK VALUE

At 31 March 2025

33,600

8,562

42,162

At 31 March 2024

42,000

14,156

56,156

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

93,977

117,430

Amounts recoverable on contract

87,458

87,458

Other debtors

233,070

50,959

Directors' current accounts

-

40,000

Prepayments and accrued income

61,228

148,926

475,733

444,773

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,743

Tax

192,941

163,923

Social security and other taxes

25,498

22,104

VAT

87,862

97,349

Directors' current accounts

1,385

240

Accrued expenses

51,078

110,501

358,764

397,860

The bank loan is secured with a floating charge over the assets of the company.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

S Young

Balance outstanding at start of year

40,000

(14,679

)

Amounts advanced

-

89,747

Amounts repaid

(40,000

)

(35,068

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

40,000