Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-30 2025-04-30 false Solicitors true 2024-05-01 false 79 78 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08149970 2024-05-01 2025-04-30 08149970 2023-05-01 2024-04-30 08149970 2025-04-30 08149970 2024-04-30 08149970 c:Director1 2024-05-01 2025-04-30 08149970 d:Buildings d:LongLeaseholdAssets 2024-05-01 2025-04-30 08149970 d:FurnitureFittings 2024-05-01 2025-04-30 08149970 d:FurnitureFittings 2025-04-30 08149970 d:FurnitureFittings 2024-04-30 08149970 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 08149970 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 08149970 d:Goodwill 2024-05-01 2025-04-30 08149970 d:Goodwill 2025-04-30 08149970 d:Goodwill 2024-04-30 08149970 d:CurrentFinancialInstruments 2025-04-30 08149970 d:CurrentFinancialInstruments 2024-04-30 08149970 d:Non-currentFinancialInstruments 2025-04-30 08149970 d:Non-currentFinancialInstruments 2024-04-30 08149970 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 08149970 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08149970 d:Non-currentFinancialInstruments d:AfterOneYear 2025-04-30 08149970 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08149970 d:ShareCapital 2025-04-30 08149970 d:ShareCapital 2024-04-30 08149970 d:CapitalRedemptionReserve 2025-04-30 08149970 d:CapitalRedemptionReserve 2024-04-30 08149970 d:RetainedEarningsAccumulatedLosses 2025-04-30 08149970 d:RetainedEarningsAccumulatedLosses 2024-04-30 08149970 c:OrdinaryShareClass1 2024-05-01 2025-04-30 08149970 c:OrdinaryShareClass1 2024-04-30 08149970 c:OrdinaryShareClass2 2024-05-01 2025-04-30 08149970 c:OrdinaryShareClass2 2025-04-30 08149970 c:OrdinaryShareClass2 2024-04-30 08149970 c:OrdinaryShareClass3 2024-05-01 2025-04-30 08149970 c:OrdinaryShareClass3 2025-04-30 08149970 c:OrdinaryShareClass3 2024-04-30 08149970 c:OrdinaryShareClass4 2024-05-01 2025-04-30 08149970 c:OrdinaryShareClass4 2025-04-30 08149970 c:OrdinaryShareClass4 2024-04-30 08149970 c:OrdinaryShareClass5 2024-05-01 2025-04-30 08149970 c:OrdinaryShareClass5 2025-04-30 08149970 c:OrdinaryShareClass5 2024-04-30 08149970 c:FRS102 2024-05-01 2025-04-30 08149970 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 08149970 c:FullAccounts 2024-05-01 2025-04-30 08149970 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 08149970 d:WithinOneYear 2025-04-30 08149970 d:WithinOneYear 2024-04-30 08149970 d:BetweenOneFiveYears 2025-04-30 08149970 d:BetweenOneFiveYears 2024-04-30 08149970 d:MoreThanFiveYears 2025-04-30 08149970 d:MoreThanFiveYears 2024-04-30 08149970 d:HirePurchaseContracts d:WithinOneYear 2025-04-30 08149970 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 08149970 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-04-30 08149970 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 08149970 6 2024-05-01 2025-04-30 08149970 d:AcceleratedTaxDepreciationDeferredTax 2025-04-30 08149970 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 08149970 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2025-04-30 08149970 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-04-30 08149970 d:Goodwill d:OwnedIntangibleAssets 2024-05-01 2025-04-30 08149970 e:PoundSterling 2024-05-01 2025-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08149970 WAKE SMITH SOLICITORS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
WAKE SMITH SOLICITORS LIMITED REGISTERED NUMBER: 08149970 BALANCE SHEET AS AT 30 APRIL 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 640,000 |  | 768,000
Tangible assets | 5 |  | 62,955 |  | 75,181
Investments | 6 |  | 250,013 |  | 13
|  |  | 952,968 |  | 843,194
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 2,665,465 |  | 2,703,169 |
Cash at bank and in hand |  | 442,179 |  | 970,845 |
|  | 3,107,644 |  | 3,674,014 |
Creditors: amounts falling due within one year | 8 | (1,955,310) |  | (2,139,463) |
Net current assets |  |  | 1,152,334 |  | 1,534,551
Total assets less current liabilities |  |  | 2,105,302 |  | 2,377,745
Creditors: amounts falling due after more than one year | 9 |  | (8,534) |  | -
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 |  | (10,334) |  | -
Net assets |  |  | 2,086,434 |  | 2,377,745
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 204 |  | 303
Capital redemption reserve |  |  | 349 |  | 249
Profit and loss account |  |  | 2,085,881 |  | 2,377,193
|  |  | 2,086,434 |  | 2,377,745
Page 1
WAKE SMITH SOLICITORS LIMITED REGISTERED NUMBER: 08149970 BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 January 2026.
N Salter
Director
The notes on pages 3 to 11 form part of these financial statements. Page 2
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. | General information
Wake Smith Solicitors Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is No.1 Velocity, 2 Tenter Street, Sheffield, South Yorkshire, S1 4BY and its registered number is 08149970. The principal activity of the company throughout the year conitinued to be the provision of legal services. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The Company's functional and presentation currency is pounds sterling. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Page 3
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.4 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
| 2.6 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 10 years. The estimated useful lives range as follows:
|  |  |  | Goodwill | - | 15 | years
Page 4
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. The depreciation rates used are:
|  |  |  | Leasehold improvements | - | 13% straight line
|  |  |  | Fixtures and fittings | - | 10 - 20% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.9 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page 5
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 79 (2024 - 78).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 May 2024 | 1,920,000
| At 30 April 2025 | 1,920,000
| Amortisation |
| At 1 May 2024 | 1,152,000
| Charge for the year on owned assets | 128,000
| At 30 April 2025 | 1,280,000
| Net book value |
| At 30 April 2025 | 640,000
| At 30 April 2024 | 768,000
Page 6
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
5. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost |
| At 1 May 2024 | 268,251
| Additions | 28,280
| Disposals | (54,198)
| At 30 April 2025 | 242,333
| Depreciation |
| At 1 May 2024 | 193,070
| Charge for the year on owned assets | 37,580
| Charge for the year on financed assets | 2,926
| Disposals | (54,198)
| At 30 April 2025 | 179,378
| Net book value |
| At 30 April 2025 | 62,955
| At 30 April 2024 | 75,181
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixtures and fittings | 8,778 | -
Page 7
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 May 2024 | 13
| Additions | 250,000
| At 30 April 2025 | 250,013
| Net book value |
| At 30 April 2025 | 250,013
| At 30 April 2024 | 13
| The Company owns the entire share capital of The Business Portal Limited, Wake Smith & Tofields Limited, Wake Smith (Services) Limited, WS (Directors) Limited, WS (Secretaries) Limited and Wake Smith Trust Corporation Limited . All companies were dormant throughout the year,
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,036,430 | 1,259,354
| Prepayments and accrued income | 1,629,035 | 1,443,734
| Deferred taxation | - | 81
|  | 2,665,465 | 2,703,169
Page 8
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 294,404 | 283,882
| Trade creditors | 40,103 | 39,088
| Amounts owed to group undertakings | 250,000 | -
| Corporation tax | 276,100 | 236,085
| Other taxation and social security | 371,196 | 394,116
| Obligations under finance lease and hire purchase contracts | 2,926 | 6,014
| Other creditors | 298,130 | 448,728
| Accruals and deferred income | 422,451 | 731,550
|  | 1,955,310 | 2,139,463
| Included in creditors due within one year is a bank loan on which security has been given.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 8,534 | -
10. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 2,926 | 6,014
| Between 1-5 years | 8,778 | -
|  | 11,704 | 6,014
| Amounts due under finance lease and hire purchase contracts included in creditors due within and after more than one year are secured over the assets to which they relate.
Page 9
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (81)
| Charged to profit or loss | 10,415
| At end of year | 10,334
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 10,334 | (81)
12. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 0 (2024 - 50) Ordinary D shares of £1.00 each | - | 50
|  | 50 (2024 - 50) Ordinary E shares of £1.00 each | 50 | 50
|  | 1 (2024 - 1) Ordinary B share of £1.00 | 1 | 1
|  | 1 (2024 - 1) Ordinary C share of £1.00 | 1 | 1
|  | 50 (2024 - 50) Ordinary H shares of £1.00 each | 50 | 50
|  | 50 (2024 - 50) Ordinary I shares of £1.00 each | 50 | 50
|  | 50 (2024 - 50) Ordinary J shares of £1.00 each | 50 | 50
|  | 0 (2024 - 50) Ordinary K shares of £1.00 each | - | 50
|  | 1 (2022 - 1) Ordinary F share of £1.00 | 1 | 1
|  | 1 (2024 - 0) D Redeemable share of £1.00 | 1 | -
|  |  | 204 | 303
| During the year, 1 redeemable D share was issued to J Baddeley at par. 50 Ordinary D shares and 50 Ordinary K shares were cancelled during the year.
13. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £252,016 (2024: £268,789). Page 10
WAKE SMITH SOLICITORS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
14. | Commitments under operating leases
| At 30 April 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 200,745 | 170,394
| Later than 1 year and not later than 5 years | 776,213 | 745,474
| Later than 5 years | 155,180 | 362,087
|  | 1,132,138 | 1,277,955
Page 11