Mark McNeil Solicitors Limited 06446733 false 2024-11-01 2025-10-31 2025-10-31 The principal activity of the company is the provision of legal services Digita Accounts Production Advanced 6.30.9574.0 true true 06446733 2024-11-01 2025-10-31 06446733 2025-10-31 06446733 bus:OrdinaryShareClass1 2025-10-31 06446733 core:RetainedEarningsAccumulatedLosses 2025-10-31 06446733 core:ShareCapital 2025-10-31 06446733 core:FinanceLeases core:CurrentFinancialInstruments 2025-10-31 06446733 core:FinanceLeases core:Non-currentFinancialInstruments 2025-10-31 06446733 core:CurrentFinancialInstruments 2025-10-31 06446733 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 06446733 core:Non-currentFinancialInstruments core:AfterOneYear 2025-10-31 06446733 core:FurnitureFittingsToolsEquipment 2025-10-31 06446733 core:MotorVehicles 2025-10-31 06446733 bus:SmallEntities 2024-11-01 2025-10-31 06446733 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 06446733 bus:FilletedAccounts 2024-11-01 2025-10-31 06446733 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 06446733 bus:RegisteredOffice 2024-11-01 2025-10-31 06446733 bus:Director1 2024-11-01 2025-10-31 06446733 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 06446733 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 06446733 1 2024-11-01 2025-10-31 06446733 core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 06446733 core:MotorVehicles 2024-11-01 2025-10-31 06446733 core:OfficeEquipment 2024-11-01 2025-10-31 06446733 countries:EnglandWales 2024-11-01 2025-10-31 06446733 2024-10-31 06446733 core:FurnitureFittingsToolsEquipment 2024-10-31 06446733 core:MotorVehicles 2024-10-31 06446733 2023-11-01 2024-10-31 06446733 2024-10-31 06446733 bus:OrdinaryShareClass1 2024-10-31 06446733 core:RetainedEarningsAccumulatedLosses 2024-10-31 06446733 core:ShareCapital 2024-10-31 06446733 core:FinanceLeases core:CurrentFinancialInstruments 2024-10-31 06446733 core:FinanceLeases core:Non-currentFinancialInstruments 2024-10-31 06446733 core:CurrentFinancialInstruments 2024-10-31 06446733 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 06446733 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 06446733 core:FurnitureFittingsToolsEquipment 2024-10-31 06446733 core:MotorVehicles 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06446733

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Company Information

Director | M McNeil

Registered office | 141 - 142 High Street Lincoln Lincolnshire LN1 1JT

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

(Registration number: 06446733)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 52,294 | 68,090
Current assets |  |  |
Stocks | 5 | 261,079 | 321,065
Debtors | 6 | 5,473 | 31,551
Cash at bank and in hand |  | 5,454 | 16,133
|  | 272,006 | 368,749
Creditors: Amounts falling due within one year | 7 | (233,696) | (251,656)
Net current assets |  | 38,310 | 117,093
Total assets less current liabilities |  | 90,604 | 185,183
Creditors: Amounts falling due after more than one year | 7 | (39,642) | (57,172)
Provisions for liabilities |  | (7,164) | (3,543)
Net assets |  | 43,798 | 124,468
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | 43,797 | 124,467
Shareholders' funds |  | 43,798 | 124,468

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 April 2026

......................................... M McNeil Director

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 06446733.

The Company was formerly known as Philip Hanby Limited.

The address of its registered office is:
141 - 142 High Street
Lincoln
Lincolnshire
LN1 1JT

These financial statements were authorised for issue by the director on 14 April 2026.

These financial statements cover the individual entity, Mark McNeil Solicitors Limited.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including Section 1A 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

These financial statement have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance basis
Motor vehicles | 25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 7 (2024 - 8).

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 93,513 | 97,465 | 190,978
Additions | 1,234 | - | 1,234
At 31 October 2025 | 94,747 | 97,465 | 192,212
Depreciation
At 1 November 2024 | 83,169 | 39,718 | 122,887
Charge for the year | 2,594 | 14,437 | 17,031
At 31 October 2025 | 85,763 | 54,155 | 139,918
Carrying amount
At 31 October 2025 | 8,984 | 43,310 | 52,294
At 31 October 2024 | 10,343 | 57,747 | 68,090

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 261,079 | 321,065

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 933 | 20,284
Prepayments | 4,540 | 11,267
| 5,473 | 31,551

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 9 | 76,768 | 61,459
Taxation and social security |  | 128,877 | 151,295
Accruals and deferred income |  | 4,960 | 10,800
Other creditors |  | 23,091 | 28,102
|  | 233,696 | 251,656

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Other creditors | 39,642 | 57,172

Creditor amounts falling due within one year which security has been given includes a bank loan of £76,768 (2024 - £61,459) and a finance lease liability of £17,530 (2024 - £15,774).
Creditor amounts falling due after one year which security has been given includes a finance lease liability of £39,642 (2024 - £57,172).
The bank loan is secured by fixed and floating charges over the company's assets.
The finance lease liabliity is secured against the asset it relates to.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 1 | 1 | 1 | 1

Mark McNeil Solicitors Limited
(formerly Philip Hanby Limited)
trading as McNeil & Co

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Finance lease liabilities | 39,642 | 57,172

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 76,768 | 61,459
Finance lease liabilities | 17,530 | 15,774
Other borrowings | 1,869 | 2,019
| 96,167 | 79,252