O'Neill Morgan Solicitors Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05958811 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

O'Neill Morgan Solicitors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M E Morgan

SECRETARY:

M E Morgan

REGISTERED OFFICE:

Prudential Buildings

63 St Petersgate

Stockport

Cheshire

SK1 1DH

REGISTERED NUMBER:

05958811 (England and Wales)

ACCOUNTANTS:

U&W Limited

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,843

3,790

2,843

3,790

CURRENT ASSETS

Stocks

212,000

297,000

Debtors

6

297,055

267,428

Cash at bank

4,218

-

513,273

564,428

CREDITORS

Amounts falling due within one year

7

143,273

199,509

NET CURRENT ASSETS

370,000

364,919

TOTAL ASSETS LESS CURRENT
LIABILITIES

372,843

368,709

CREDITORS

Amounts falling due after more than one
year

8

214,184

259,146

NET ASSETS

158,659

109,563

CAPITAL AND RESERVES

Called up share capital

9

3

Capital redemption reserve

10

1

Retained earnings

10

158,655

109,559

SHAREHOLDERS' FUNDS

158,659

109,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 July 2026 and were signed by:

M E Morgan - Director

1.	STATUTORY INFORMATION

O'Neill Morgan 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five 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

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

Improvements to property

-

at varying rates

Fixtures and fittings

-

at varying rates

Computer equipment

-

at varying rates

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

500,000

AMORTISATION

At 1 November 2024

and 31 October 2025

500,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 November 2024

and 31 October 2025

21,789

15,713

33,815

71,317

DEPRECIATION

At 1 November 2024

18,360

15,352

33,815

67,527

Charge for year

857

90

-

947

At 31 October 2025

19,217

15,442

33,815

68,474

NET BOOK VALUE

At 31 October 2025

2,572

271

-

2,843

At 31 October 2024

3,429

361

-

3,790

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

269,815

240,188

Other debtors

27,240

297,055

267,428

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

-

3,536

Tax

58,526

45,262

Social security and other taxes

1,182

5,371

VAT

74,065

85,453

Other creditors

-

1,991

Accrued expenses

9,500

57,896

143,273

199,509

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

166,828

172,546

Directors' loan accounts

47,356

86,600

214,184

259,146

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

3

Ordinary

£1

3

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 November 2024

109,559

1

109,560

Profit for the year

49,596

Dividends

(500

)

(500

)

At 31 October 2025

158,655

1

158,656