REGISTERED NUMBER: 05067303 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MS SOLICITORS LIMITED

TRADING AS

MARTIN SEARLE SOLICITORS

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms F E Martin

Ms C L Searle

SECRETARY:

Ms C L Searle

REGISTERED OFFICE:

9 Marlborough Place

Brighton

East Sussex

BN1 1UB

REGISTERED NUMBER:

05067303 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

3,750

1,917

CURRENT ASSETS

Debtors

5

549,772

476,135

Cash at bank and in hand

572,069

486,475

1,121,841

962,610

CREDITORS

Amounts falling due within one year

6

(611,792

)

(527,439

)

NET CURRENT ASSETS

510,049

435,171

TOTAL ASSETS LESS CURRENT LIABILITIES

513,799

437,088

CREDITORS

Amounts falling due after more than one year

7

(2,438

)

(12,621

)

PROVISIONS FOR LIABILITIES

(938

)

(479

)

NET ASSETS

510,423

423,988

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

510,420

423,985

SHAREHOLDERS' FUNDS

510,423

423,988

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 16 December 2025 and were signed on its behalf by:

Ms F E Martin - Director

Ms C L Searle - Director

1.	STATUTORY INFORMATION

MS Solicitors 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax

Tangible fixed assets

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

Fixtures and fittings

-

25% 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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

5,987

182,536

2,875

191,398

Additions

-

1,260

2,070

3,330

At 31 March 2025

5,987

183,796

4,945

194,728

DEPRECIATION

At 1 April 2024

5,987

182,536

958

189,481

Charge for year

-

236

1,261

1,497

At 31 March 2025

5,987

182,772

2,219

190,978

NET BOOK VALUE

At 31 March 2025

-

1,024

2,726

3,750

At 31 March 2024

-

-

1,917

1,917

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

430,118

361,532

Other debtors

119,654

114,603

549,772

476,135

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

83,829

60,144

Tax

72,307

61,588

Social security and other taxes

22,015

14,046

VAT

128,509

114,475

Other creditors

294,484

266,538

611,792

527,439

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,438

10,648

Bank loans - 2-5 years

-

1,973

2,438

12,621

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

38,251

29,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

13,086

23,269

The loan is guaranteed by the UK Government under Bounce Back Loan Scheme.

10.	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

£

£

Ms F E Martin

Balance outstanding at start of year

5,155

4,781

Amounts advanced

56,849

58,936

Amounts repaid

(65,221

)

(58,562

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,217

)

5,155

During the year, Ms C Searle increased her loan to the company. As at 31 March 2025, the company owed her £15,559. (2024: £4,038). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms F Martin & Ms C Searl .

This was by virtue of their 100% holding of the issued share capital.