Fitz Solicitors Limited 31/07/2025 iXBRL

Company registration number: 08624946

Fitz Solicitors Limited

Unaudited filleted financial statements

31 July 2025

Fitz Solicitors Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Notes to the financial statements

Fitz Solicitors Limited

Directors and other information


	Directors	Mr P Laxman
		Ms N Laxman


	Company number	08624946


	Registered office	K House
		Datchet
		Berkshire
		SL3 9AU


	Business address	K House
		Datchet
		Berkshire
		SL3 9AU


	Accountant	Accendo Accountants
		1st Floor
		7 Lion Street
		Abergavenny
		Monmouthshire
		NP7 5PH




	Bankers	National Westminster plc
		Windsor and Eton branch
		12 High Street
		Windsor
		Berkshire

Fitz Solicitors Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Fitz Solicitors Limited

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Fitz Solicitors Limited for the year ended 31 July 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Fitz Solicitors Limited, as a body, in accordance with the terms of my engagement letter dated 30 July 2026. My work has been undertaken solely to prepare for your approval the financial statements of Fitz Solicitors Limited and state those matters that we have agreed to state to the board of directors of Fitz Solicitors Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Fitz Solicitors Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Fitz Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fitz Solicitors Limited. You consider that Fitz Solicitors Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Fitz Solicitors Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Accendo Accountants

Chartered Certified Accountants

1st Floor

7 Lion Street

Abergavenny

Monmouthshire

NP7 5PH

30 July 2026

Fitz Solicitors Limited

Statement of financial position

31 July 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	1,353,305		1,351,720
Investments	7	110,250		110,250
		_______		_______
			1,463,555		1,461,970

Current assets
Debtors	8	722,030		331,944
Cash at bank and in hand		2,272,873		2,546,929
		_______		_______
		2,994,903		2,878,873
Creditors: amounts falling due
within one year	9	( 2,302,284)		( 2,337,636)
		_______		_______
Net current assets			692,619		541,237
			_______		_______
Total assets less current liabilities			2,156,174		2,003,207

Creditors: amounts falling due
after more than one year	10		( 601,438)		( 621,598)
			_______		_______
Net assets			1,554,736		1,381,609
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,554,636		1,381,509
			_______		_______
Shareholders funds			1,554,736		1,381,609
			_______		_______

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

Mr P Laxman

Director

Company registration number: 08624946

Fitz Solicitors Limited

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is K House, Datchet, Berkshire, SL3 9AU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 11 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 August 2024 and 31 July 2025	10,200	10,200
	_______	_______
Amortisation
At 1 August 2024 and 31 July 2025	10,200	10,200
	_______	_______
Carrying amount
At 31 July 2025	-	-
	_______	_______
At 31 July 2024	-	-
	_______	_______

6. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 August 2024	1,342,000	60,522	1,402,522
Additions	-	6,672	6,672
	_______	_______	_______
At 31 July 2025	1,342,000	67,194	1,409,194
	_______	_______	_______
Depreciation
At 1 August 2024	-	50,802	50,802
Charge for the year	-	5,087	5,087
	_______	_______	_______
At 31 July 2025	-	55,889	55,889
	_______	_______	_______
Carrying amount
At 31 July 2025	1,342,000	11,305	1,353,305
	_______	_______	_______
At 31 July 2024	1,342,000	9,720	1,351,720
	_______	_______	_______

7. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 August 2024 and 31 July 2025	110,250	110,250
	_______	_______
Impairment
At 1 August 2024 and 31 July 2025	-	-
	_______	_______
Carrying amount
At 31 July 2025	110,250	110,250
	_______	_______
At 31 July 2024	110,250	110,250
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	265,072	331,944
Other debtors	456,958	-
	_______	_______
	722,030	331,944
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	22,580	25,000
Trade creditors	17,804	26,796
Corporation tax	73,441	116,518
Social security and other taxes	446,039	518,197
Other creditors	1,742,420	1,651,125
	_______	_______
	2,302,284	2,337,636
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	601,438	621,598
	_______	_______

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr P Laxman	( 31,858)	-	2,622	( 29,236)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr P Laxman	( 65,308)	33,450	-	( 31,858)
		_______	_______	_______	_______

12. Controlling party

The company is controlled by the Director and Shareholder Mr Primal Laxman .