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Company Registration No. 11750020 (England and Wales)
Lex Solicitors & Notary Ltd Unaudited accounts for the year ended 31 March 2025
Lex Solicitors & Notary Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Lex Solicitors & Notary Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Current assets
Debtors
4
61,494
97,398
Cash at bank and in hand
18,199
38,868
79,693
136,266
Creditors: amounts falling due within one year
5
(590)
(7,428)
Net current assets
79,103
128,838
Net assets
79,103
128,838
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
79,003
128,738
Shareholders' funds
79,103
128,838
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 December 2025 and were signed on its behalf by
Veninder Dhariwal Director Company Registration No. 11750020
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Lex Solicitors & Notary Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Lex Solicitors & Notary Ltd is a private company, limited by shares, registered in England and Wales, registration number 11750020. The registered office is Walnut Tree House Court Lane, Burnham, Slough, Buckinghamshire, SL1 8DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The presentation currency of the financial statements is the Pound Sterling (£).
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgement, estimates and assumptions that affect the amounts reported. These estimates and judgement 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. The items in the financial statements where these judgement and estimates include assessing the carrying value of investments, recoverability of debtors, current and deferred taxation, depreciation of tangible fixed assets.
Going concern
In accordance with their responsibilities as director, the director has considered the appropriateness of the going concern basis for the preparation of the financial statements. With the continuing financial support from the shareholders, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of solicitor services is recognised by reference to the stage of completion of the contract.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Lex Solicitors & Notary Ltd Notes to the Accounts for the year ended 31 March 2025
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.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transacion is measured at the present value of future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loan from related parties, are initially recognised at transaction price, unless the arrangement constitues a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairement.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
57,900
50,717
Other debtors
3,594
46,681
61,494
97,398
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
(160)
6,828
Accruals
750
600
590
7,428
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 2 (2024: 1).
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