DERBYSHIRE LEGAL SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Gale

R L Roberts

Mrs J C Renshaw

REGISTERED OFFICE:

Sherwood House

1 Snitterton Road

Matlock

Derbyshire

DE4 3LZ

REGISTERED NUMBER:

08838592 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Intangible assets

4

66,000

76,000

Tangible assets

5

189,154

74,375

255,154

150,375

CURRENT ASSETS

Debtors

6

2,019,791

1,666,179

Cash at bank and in hand

270,493

641,230

2,290,284

2,307,409

CREDITORS

Amounts falling due within one year

7

807,535

1,013,878

NET CURRENT ASSETS

1,482,749

1,293,531

TOTAL ASSETS LESS CURRENT LIABILITIES

1,737,903

1,443,906

CREDITORS

Amounts falling due after more than one year

8

(392,857

)

(279,105

)

PROVISIONS FOR LIABILITIES

10

(14,000

)

(10,900

)

NET ASSETS

1,331,046

1,153,901

CAPITAL AND RESERVES

Called up share capital

11

120

120

Retained earnings

1,330,926

1,153,781

SHAREHOLDERS' FUNDS

1,331,046

1,153,901

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

R L Roberts - Director

1.	STATUTORY INFORMATION

Derbyshire Legal Services 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

Revenue represents the fair value of consideration receivable in respect of professional services provided during the year, inclusive of recoverable expenses incurred on client assignments but excluding vat. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the year end, provided that a right to consideration has been obtained by performance. Consideration accrues as contract activity progresses by reference to the value of the work performed.

Where the outcome of the transaction cannot be estimated reliably, revenue is recognised only to the extent that the costs of providing the service are recoverable. No revenue is recognised where there are significant uncertainties regarding recovery of the consideration due or where the right to receive payment is contingent on events outside the control of the company. Costs incurred are carried within "Amounts recoverable on contracts" but appropriately provided until such time as the contingency is removed. Expected losses are recognised as soon as they become probable based on latest estimates of revenue and costs. Unbilled revenue is included in "Amounts recoverable on contracts".

Goodwill

Goodwill, being the amounts paid in connection with the acquisition of businesses in 2017 & 2024, is being amortised evenly over its estimated useful life of ten 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

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing 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 64 (2025 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

100,000

AMORTISATION

At 1 April 2025

24,000

Charge for year

10,000

At 31 March 2026

34,000

NET BOOK VALUE

At 31 March 2026

66,000

At 31 March 2025

76,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

18,946

44,413

-

99,979

163,338

Additions

-

3,390

128,282

2,188

133,860

At 31 March 2026

18,946

47,803

128,282

102,167

297,198

DEPRECIATION

At 1 April 2025

3,462

28,291

-

57,210

88,963

Charge for year

1,548

4,551

2,673

10,309

19,081

At 31 March 2026

5,010

32,842

2,673

67,519

108,044

NET BOOK VALUE

At 31 March 2026

13,936

14,961

125,609

34,648

189,154

At 31 March 2025

15,484

16,122

-

42,769

74,375

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

220,985

330,728

Amounts recoverable on contracts

1,242,002

1,017,598

Other debtors

556,804

317,853

2,019,791

1,666,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

4,545

27,273

Trade creditors

33,127

-

Taxation and social security

300,943

343,784

Other creditors

468,920

642,821

807,535

1,013,878

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

4,545

Other creditors

392,857

274,560

392,857

279,105

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

4,545

31,818

Other loans

72,317

86,868

76,862

118,686

The loans are secured via fixed and floating charges over the assets of the company.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

14,000

10,900

Deferred

tax

£

Balance at 1 April 2025

10,900

Provided during year

3,100

Balance at 31 March 2026

14,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

40

Ordinary A

£1

40

40

40

Ordinary B

£1

40

40

40

Ordinary C

£1

40

40

120

120

12.	CONTINGENT LIABILITIES

Included within other creditors due within one year is £36,667 due on the purchase of another business.

The amount originally due under the agreement was £166,667, however, a revised settlement of £36,667 has been agreed and the difference has been recognised in the statement of income and retained earnings. The exact settlement date has not been ascertained but it is estimated that this will be prior to 31 March 2027.

13.	RELATED PARTY DISCLOSURES

At the year end, £51,942 (2025: £191,006) was due to directors of the company. These amounts are interest-free and repayable on demand.

At the year end, £283,954 (2025: £126,775) was due from companies under common control. These amounts are interest-free and repayable on demand.