REGISTERED NUMBER: 08853617 (England and Wales)

Kevin Shearn Family Law Practice Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D E Bateman

Ms M Justice

REGISTERED OFFICE:

The Post House

Church Square

Taunton

Somerset

TA1 1SA

REGISTERED NUMBER:

08853617 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

31 Fore Street

Taunton

Somerset

TA1 1HN

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

103,059

5,101

103,059

5,101

CURRENT ASSETS

Debtors

275,868

283,262

Cash at bank and in hand

47,017

117,237

322,885

400,499

CREDITORS

Amounts falling due within one year

95,428

132,612

NET CURRENT ASSETS

227,457

267,887

TOTAL ASSETS LESS CURRENT LIABILITIES

330,516

272,988

CREDITORS

Amounts falling due after more than one year

(81,426

)

-

PROVISIONS FOR LIABILITIES

(19,581

)

(1,275

)

NET ASSETS

229,509

271,713

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

229,497

271,701

SHAREHOLDERS' FUNDS

229,509

271,713

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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Mrs D E Bateman - Director

Ms M Justice - Director

1.	STATUTORY INFORMATION

Kevin Shearn Family Law Practice 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover is measured at the fair value of the consideration received, excluding discounts, rebates, value added tax and other duty.:Turnover from legal and professional work is recognised by reference to the stage of completion.

Goodwill

Goodwill was the amount paid in connection with the acquisition of the business in 2014, It was amortised evenly over its useful life of five years and is now fully depreciated.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and Straight line over 3 years

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Revenue recognition

Services provided to clients during the period which, at the balance sheet date, have not been invoiced to clients have been recognised in turnover.

Turnover recognised is based on an assessment of the fair value of the services provided by the balance sheet date as a proportion of the total value of the engagement. Revenue is not recognised on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included within debtors.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

58,089

Additions

135,071

Disposals

(3,443

)

At 31 March 2025

189,717

DEPRECIATION

At 1 April 2024

52,988

Charge for year

37,113

Eliminated on disposal

(3,443

)

At 31 March 2025

86,658

NET BOOK VALUE

At 31 March 2025

103,059

At 31 March 2024

5,101

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals

£

COST

Additions

118,095

At 31 March 2025

118,095

DEPRECIATION

Charge for year

29,524

At 31 March 2025

29,524

NET BOOK VALUE

At 31 March 2025

88,571