REGISTERED NUMBER: 12823585 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

PENMANS LAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr GJ Buggle

Ms D Smith

REGISTERED OFFICE:

83a St. Johns Way

Corringham

Essex

SS17 7LL

REGISTERED NUMBER:

12823585 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Tangible assets

4

11,451

7,012

CURRENT ASSETS

Debtors

5

137,129

174,544

Cash at bank and in hand

293,517

180,205

430,646

354,749

CREDITORS

Amounts falling due within one year

6

211,840

165,940

NET CURRENT ASSETS

218,806

188,809

TOTAL ASSETS LESS CURRENT LIABILITIES

230,257

195,821

PROVISIONS FOR LIABILITIES

8

1,732

363

NET ASSETS

228,525

195,458

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

228,425

195,358

228,525

195,458

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 June 2026 and were signed on its behalf by:

Mr GJ Buggle - Director

1.	STATUTORY INFORMATION

Penmans Law 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

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.

An analysis of turnover and profits by class of business and geographical location is not presented as, in the opinion of the directors, such disclosure would be prejudicial to the interest of the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% straight line basis

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and loss.

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.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2025 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2025

13,318

Additions

7,706

At 31 March 2026

21,024

DEPRECIATION

At 1 April 2025

6,306

Charge for year

3,267

At 31 March 2026

9,573

NET BOOK VALUE

At 31 March 2026

11,451

At 31 March 2025

7,012

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

92,609

76,360

Other debtors

44,520

98,184

137,129

174,544

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Corporation tax

64,911

39,461

Social security and other taxes

6,498

8,682

Net wages creditor

17,202

21,325

VAT

51,037

44,837

Pension creditor

1,018

1,134

Directors' current accounts

58,406

37,404

Accrued expenses

12,768

13,097

211,840

165,940

7.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

1,728

1,728

Between one and five years

3,024

4,752

4,752

6,480

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

1,732

363

Deferred

tax

£

Balance at 1 April 2025

363

Charge to Income Statement during year

1,369

Balance at 31 March 2026

1,732

The provision for deferred taxation is made up of accelerated capital allowances.

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for the employees and directors. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were unpaid contributions amounting to £1,018 (2025: £1,134).