REGISTERED NUMBER: 04033745 (England and Wales)

Specialist Medicolegal Associates

Limited

Unaudited Financial Statements For The Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Cohen

REGISTERED OFFICE:

3 Coldbath Square

London

EC1R 5HL

REGISTERED NUMBER:

04033745 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

34,384

35,868

Investments

6

100,918

100,918

135,302

136,786

CURRENT ASSETS

Debtors

7

115,575

58,873

Cash at bank

13,827

11,668

129,402

70,541

CREDITORS

Amounts falling due within one year

8

184,279

170,887

NET CURRENT LIABILITIES

(54,877

)

(100,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,425

36,440

CREDITORS

Amounts falling due after more than one year

9

28,976

31,021

NET ASSETS

51,449

5,419

CAPITAL AND RESERVES

Called up share capital

10

400

400

Retained earnings

51,049

5,019

SHAREHOLDERS' FUNDS

51,449

5,419

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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:

B Cohen - Director

1.	STATUTORY INFORMATION

Specialist Medicolegal Associates 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 is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirers interest in the fair value of its identifiable assets and liabilities of the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Income Statement over its useful economic life.

Intangible assets

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

- not provided

Fixtures and fittings

- 25% straight line

Computer equipment

- 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Other fixed assets comprise artworks owned by the company. No depreciation is charged on these assets as it is the opinion of the director that these have an indefinite useful life. This is contrary to the Companies Act 2006 requirement for all fixed assets to be depreciated but is required in the opinion of the director to present true and fair financial statements.

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.

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

510,200

AMORTISATION

At 1 August 2024

and 31 July 2025

510,200

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2024

and 31 July 2025

33,566

66,764

7,025

107,355

DEPRECIATION

At 1 August 2024

-

66,764

4,723

71,487

Charge for year

-

-

1,484

1,484

At 31 July 2025

-

66,764

6,207

72,971

NET BOOK VALUE

At 31 July 2025

33,566

-

818

34,384

At 31 July 2024

33,566

-

2,302

35,868

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 August 2024

and 31 July 2025

100,918

NET BOOK VALUE

At 31 July 2025

100,918

At 31 July 2024

100,918

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,075

58,873

Other debtors

77,500

-

115,575

58,873

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,104

13,906

Taxation and social security

102,217

89,835

Other creditors

76,958

67,146

184,279

170,887

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

28,976

31,021

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

400

Ordinary shares

£1

400

400

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The balance owing to B Cohen amounted to £14,463 (2024 - £4,287).

12.	ULTIMATE CONTROLLING PARTY

The company was under the control of B Cohen by virtue of his majority holding of share capital of the company, throughout the year.