REGISTERED NUMBER: 07473577

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Caveat Solicitors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R A J Choudhry

Ms N Patel

SECRETARY:

J A Choudhry

REGISTERED OFFICE:

Tek House

11-13 Uxbridge Road

London

W12 8LH

REGISTERED NUMBER:

07473577

ACCOUNTANTS:

Ahmed & Co

284 Station Road

Harrow

Middlesex

HA1 2EA

FIXED ASSETS

Intangible assets

4

-

2,911

Tangible assets

5

36,765

43,413

36,765

46,324

CURRENT ASSETS

Work in progress

255,790

220,275

Debtors

6

45,454

103,364

Cash at bank and in hand

206,243

282,518

507,487

606,157

CREDITORS

Amounts falling due within one year

7

359,656

466,283

NET CURRENT ASSETS

147,831

139,874

TOTAL ASSETS LESS CURRENT LIABILITIES

184,596

186,198

CREDITORS

Amounts falling due after more than one year

8

33,502

39,822

NET ASSETS

151,094

146,376

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

151,092

146,374

151,094

146,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 31 December 2025 and were signed on its behalf by:

Mrs R A J Choudhry - Director

1.	STATUTORY INFORMATION

Caveat Solicitors Limited is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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.

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 8 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

14,552

AMORTISATION

At 1 January 2024

11,641

Amortisation for year

2,911

At 31 December 2024

14,552

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

2,911

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

73,491

93,691

167,182

Additions

-

10,000

10,000

At 31 December 2024

73,491

103,691

177,182

DEPRECIATION

At 1 January 2024

64,817

58,952

123,769

Charge for year

1,735

14,913

16,648

At 31 December 2024

66,552

73,865

140,417

NET BOOK VALUE

At 31 December 2024

6,939

29,826

36,765

At 31 December 2023

8,674

34,739

43,413

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

41,451

92,997

Other debtors

4,003

10,367

45,454

103,364

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,500

6,700

Trade creditors

110,360

131,356

Taxation and social security

30,531

37,567

Other creditors

209,265

290,660

359,656

466,283

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

33,502

39,822