Lincoln Solicitors Limited - Filleted accounts

Registered number

08832340

Lincoln Solicitors Limited

Filleted Accounts

31 March 2026

Lincoln Solicitors Limited
Registered number:		08832340
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		17,331			18,011

Current assets
Stocks		7,300			7,500
Debtors	5	172			462
Cash at bank and in hand		5,536			14,889
		13,008			22,851

Creditors: amounts falling due within one year	6	(11,314)			(22,107)

Net current assets			1,694			744

Total assets less current liabilities			19,025			18,755


Provisions for liabilities			(395)			(570)


Net assets			18,630			18,185

Capital and reserves
Called up share capital			1			1
Profit and loss account			18,629			18,184

Shareholder's funds			18,630			18,185

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr Muhammad Athar Nadeem
Director
Approved by the board on 21 April 2026

Lincoln Solicitors Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of legal services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvement			0%
	Plant and machinery			25% reducing balance
	Fixtures and fittings			15% reducing balance

	Stock and work-in-progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.


	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.




	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2




3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2025							50,000
	At 31 March 2026							50,000

	Amortisation
	At 1 April 2025							50,000
	At 31 March 2026							50,000

	Net book value
	At 31 March 2026							-

	Goddwill represents the purchased value of previous self-employed business of " Lincoln Solicitores" and is carried in accounts at its historic value at 31 March 2014.Goodwill is being written off in equal annual instalments over its estimated economic life of 8 years.





4	Tangible fixed assets
		Fixture & Fittings		Plant and machinery etc		Leasehold improvments		Total
£			£		£		£
	Cost
	At 1 April 2025	11,059		7,813		14,176		33,048
	At 31 March 2026	11,059		7,813		14,176		33,048

	Depreciation
	At 1 April 2025	8,262		6,775		-		15,037
	Charge for the year	420		260		-		680
	At 31 March 2026	8,682		7,035		-		15,717

	Net book value
	At 31 March 2026	2,377		778		14,176		17,331
	At 31 March 2025	2,797		1,038		14,176		18,011


5	Debtors					2026		2025
£							£

	Other debtors					172		462


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					600		2,317
	Corporation tax					168		386
	Director`s loan account					7,231		9,052
	Taxation and social security costs					33		-
	Accruals and deferred income					754		754
	Other creditors					2,528		9,598
						11,314		22,107


7	Trading name

	The company has traded throughout the current and previous period under the trading name of " Lincoln Solicitors".


8	Controlling party

	The company was controlled throughout the current and previous period by its sole director, Mr Muhammad Athar Nadeem, by virtue of his 100% holding of the issued ordinary share capital of the company.




9	Other information

	Lincoln Solicitors Limited is a private company limited by shares and incorporated in England. Its registered office is:
	18 Alma Road
	Manchester
	M19 3NW