Seatons Law Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08356984

SEATONS LAW LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

SEATONS LAW LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		20,155		8,380

CURRENT ASSETS

Debtors	7	965,505	969,828
Cash at bank and in hand		694,335	977,766
		------------	------------
		1,659,840	1,947,594

CREDITORS: amounts falling due within one year	8	765,499		1,156,184
		------------		------------
NET CURRENT ASSETS			894,341		791,410
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			914,496		799,790

CREDITORS: amounts falling due after more than one year	9		–		50,000

PROVISIONS	4,822	1,831
	---------	---------
NET ASSETS	909,674	747,959
	---------	---------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	909,673	747,958
	---------	---------
SHAREHOLDERS FUNDS	909,674	747,959
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SEATONS LAW LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr A P Chambers Director

Company registration number: 08356984

SEATONS LAW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Alexandra Road, Corby, NN17 1PE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	25% and 12 1/2% straight line
Fixtures and Fittings	-	25% straight line
Office Equipment	-	25% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 44 (2024: 43 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 May 2024 and 30 April 2025	665,000
	---------
Amortisation
At 1 May 2024 and 30 April 2025	665,000
	---------
Carrying amount
At 30 April 2025	–
	---------
At 30 April 2024	–
	---------

6. TANGIBLE ASSETS

	Freehold property	Fixtures and fittings	Office Equipment	Total
	£	£	£	£
Cost
At 1 May 2024	102,769	66,770	126,006	295,545
Additions	–	3,850	14,091	17,941
	---------	--------	---------	---------
At 30 April 2025	102,769	70,620	140,097	313,486
	---------	--------	---------	---------
Depreciation
At 1 May 2024	102,769	66,770	117,626	287,165
Charge for the year	–	481	5,685	6,166
	---------	--------	---------	---------
At 30 April 2025	102,769	67,251	123,311	293,331
	---------	--------	---------	---------
Carrying amount
At 30 April 2025	–	3,369	16,786	20,155
	---------	--------	---------	---------
At 30 April 2024	–	–	8,380	8,380
	---------	--------	---------	---------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	853,400	905,142
Other debtors	112,105	64,686
	---------	---------
	965,505	969,828
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	50,399	50,342
Trade creditors	10,098	10,649
Amounts owed to group undertakings and undertakings in which the company has a participating interest	288,525	788,620
Corporation tax	178,715	125,473
Social security and other taxes	140,245	105,081
Other creditors	97,517	76,019
	---------	------------
	765,499	1,156,184
	---------	------------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	50,000
	----	--------

10. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	71,000	11,667
Later than 1 year and not later than 5 years	284,000	–
Later than 5 years	71,000	–
	---------	--------
	426,000	11,667
	---------	--------

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A P Chambers	15,460	34,049	( 22,313)	27,196
Mrs G McKimmie	5,733	27,263	( 5,347)	27,649
	--------	--------	--------	--------
	21,193	61,312	( 27,660)	54,845
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A P Chambers	209,790	2,587	( 196,917)	15,460
Mrs G McKimmie	28,952	5,733	( 28,952)	5,733
	---------	-------	---------	--------
	238,742	8,320	( 225,869)	21,193
	---------	-------	---------	--------

12. RELATED PARTY TRANSACTIONS

The company has taken advantage of the provisions in FRS 102 not to disclose transactions with 100% owned group companies.