Ian Mallon Solicitors Limited - Filleted accounts

Registered number

NI064896

Ian Mallon Solicitors Limited

Filleted Accounts

31 March 2025

Ian Mallon Solicitors Limited
Registered number:		NI064896
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		6,489			7,752

Current assets
Work in progress		21,072			23,910
Debtors	4	506,073			526,963
Cash at bank and in hand		311,928			216,846
		839,073			767,719

Creditors: amounts falling due within one year	5	(181,250)			(118,390)

Net current assets			657,823			649,329

Total assets less current liabilities			664,312			657,081


Provisions for liabilities			(1,622)			(1,938)


Net assets			662,690			655,143

Capital and reserves
Called up share capital			100			100
Profit and loss account			662,590			655,043

Shareholder's funds			662,690			655,143

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ian Mallon
Director
Approved by the board on 2 December 2025

Ian Mallon Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5-15 years

	Work In Progress
	Work in progress is measured in acordance with accounting standards, at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of workin in progress is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

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


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 April 2024				42,503
	Additions				299
	At 31 March 2025				42,802

	Depreciation
	At 1 April 2024				34,751
	Charge for the year				1,562
	At 31 March 2025				36,313

	Net book value
	At 31 March 2025				6,489
	At 31 March 2024				7,752


4	Debtors		2025		2024
£				£

	Trade debtors		474,107		502,081
	Other debtors		31,966		24,882
			506,073		526,963


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Client Current Account		143,675		89,015
	Taxation and social security costs		10,399		21,159
	Other creditors		27,176		8,216
			181,250		118,390


6	Controlling party

	The ultimate controlling party has been identified as Ian Mallon by virtue of his shareholding.


7	Other information

	Ian Mallon Solicitors Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	49 Patrick Street
	Newry
	Co.Down
	BT35 8EB