REGISTERED NUMBER: 07457288 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

LIDDYS SOLICITORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Abbasi

M Aldridge

N Cantrell

D M Harwood

N M Khalil

K M Liddy

Mrs J Liddy

REGISTERED OFFICE:

2 King Street

Wakefield

West Yorkshire

WF1 2SQ

REGISTERED NUMBER:

07457288 (England and Wales)

ACCOUNTANTS:

Xeinadin Barnsley Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,825

15,539

12,825

15,539

CURRENT ASSETS

Debtors

6

1,770,884

2,190,020

Cash at bank and in hand

251,624

384,956

2,022,508

2,574,976

CREDITORS

Amounts falling due within one year

7

285,625

331,649

NET CURRENT ASSETS

1,736,883

2,243,327

TOTAL ASSETS LESS CURRENT LIABILITIES

1,749,708

2,258,866

PROVISIONS FOR LIABILITIES

3,206

3,932

NET ASSETS

1,746,502

2,254,934

CAPITAL AND RESERVES

Called up share capital

9

300

400

Other reserves

100

-

Retained earnings

1,746,102

2,254,534

SHAREHOLDERS' FUNDS

1,746,502

2,254,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 14 July 2026 and were signed on its behalf by:

N Cantrell - Director

1.	STATUTORY INFORMATION

Liddys Solicitors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

Management exercises judgement in determining whether work in progress relating to contingent fee matters meets the criteria for recognition.

The valuation of work in progress is based on management's best estimate of the fees expected to be recovered, taking into account the stage of completion of matters, probability of success and, where applicable, the circumstances of individual cases.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, net of VAT and discounts.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses are recoverable.

A proportion of fees earned for work performed by the firm is contingent upon the successful completion of a case. Work in progress relating to contingent fee matters is recognised where success is highly probable and can be measured reliably and is valued at management's best estimate of the expected recoverable amount, taking into account the stage of completion and the circumstances of each case. Work in progress on conveyancing and other non-contentious matters is recognised by reference to the work performed at the reporting date and is measured at management's best estimate of the fees expected to be recoverable.

Goodwill

Goodwill, being the amount paid in connection with a historical acquisition of a business, is being amortised over its estimated useful life of 10 years.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold property improvements

20% straight line

Fixture and Fittings

33% straight line

Computer equipment

33% straight line

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.

Operating lease 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 17 (2025 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

600,000

AMORTISATION

At 1 February 2025

and 31 January 2026

600,000

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2025

3,890

22,190

101,551

127,631

Additions

-

4,666

3,794

8,460

At 31 January 2026

3,890

26,856

105,345

136,091

DEPRECIATION

At 1 February 2025

3,890

18,920

89,282

112,092

Charge for year

-

4,004

7,170

11,174

At 31 January 2026

3,890

22,924

96,452

123,266

NET BOOK VALUE

At 31 January 2026

-

3,932

8,893

12,825

At 31 January 2025

-

3,270

12,269

15,539

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

283,874

636,004

Amounts recoverable on

contracts

1,460,733

1,117,358

Other debtors

-

318,058

Directors' current accounts

736

86,616

Prepayments and accrued income

25,541

31,984

1,770,884

2,190,020

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

3,253

250

Corporation tax

101,956

134,646

Social security and other taxes

16,042

9,080

VAT

67,209

70,355

Other creditors

2,869

2,924

Directors' current accounts

4,841

78,083

Accruals and deferred income

89,455

36,311

285,625

331,649

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.26

31.1.25

£

£

Within one year

2,889

8,667

9.	CALLED UP SHARE CAPITAL

Allocated and issued:

Number:

Class:

Nominal Value:

31.1.26

31.1.25

£

£

300

Ordinary

£1

300

300

100

B Ordinary

£1

100

300

400

During the year, the company purchased 100 Ordinary B shares for a consideration of £100.

The shares were subsequently cancelled.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

K M Liddy

Balance outstanding at start of year

86,616

37,794

Amounts advanced

38,437

157,283

Amounts repaid

(124,317

)

(108,461

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

736

86,616

11.	RELATED PARTY DISCLOSURES

Other related parties:

31.1.26

31.1.25

£

£

Expenses paid on behalf of related party

1,742

1,719

Loan repayments

318,725

20,000

Amounts due (to)/from related party

-

316,983