Company Registration No. SC676042 (Scotland)
LKW Solicitors Ltd
Unaudited accounts
for the year ended 31 October 2025
LKW Solicitors Ltd
Unaudited accounts
Contents
LKW Solicitors Ltd
Company Information
for the year ended 31 October 2025
Company Number
SC676042 (Scotland)
Registered Office
414 Cathcart Road
Glasgow
G42 7BZ
United Kingdom
Accountants
AMS Accounting Services Ltd
Chartered Certified Accountants
13 Corrie Crescent
Newton Mearns
Glasgow
United Kingdom
G77 5XP
LKW Solicitors Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
7,897
9,291
Cash at bank and in hand
91,385
195,190
Creditors: amounts falling due within one year
(93,666)
(155,678)
Net current assets
111,206
102,730
Total assets less current liabilities
119,103
112,021
Creditors: amounts falling due after more than one year
(22,878)
(32,966)
Called up share capital
1
1
Profit and loss account
96,224
79,054
Shareholders' funds
96,225
79,055
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2026 and were signed on its behalf by
Khalda Wali
Director
Company Registration No. SC676042
LKW Solicitors Ltd
Notes to the Accounts
for the year ended 31 October 2025
LKW Solicitors Ltd is a private company, limited by shares, registered in Scotland, registration number SC676042. The registered office is 414 Cathcart Road, Glasgow, G42 7BZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on reducing balance
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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LKW Solicitors Ltd
Notes to the Accounts
for the year ended 31 October 2025
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Under this scheme, business can access finance to maximum amount of £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months, the interest is capped at 2.5% per year.
Government grants in relation to COVID-19 which becomes receivable as compensation for losses or expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised in income in the period in which it becomes receivable.
Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme relates to staff who have been furloughed due to Covid-19. The grant is recognised within income and is not offset against expenditure (eg payroll cost) in profit or loss. CJRS grant is taxable income and hence is brought into tax computation as such.
Where a CJRS grant is receivable by the reporting date but has not been received, a debtor balance is recognised.
Business rates relief is not a government grant and hence FRS102, Section 24 and FRS 105, Section 19 will not apply. Where an entity has taken advantage off the business rates relief, it will be treated as an absent cost and profit or loss charge will be reduced for the period of the relief.
LKW Solicitors Ltd
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
4,467
10,758
15,225
At 31 October 2025
4,467
10,758
15,225
At 1 November 2024
1,943
3,991
5,934
Charge for the year
379
1,015
1,394
At 31 October 2025
2,322
5,006
7,328
At 31 October 2025
2,145
5,752
7,897
At 31 October 2024
2,524
6,767
9,291
Work in progress
28,949
13,422
Amounts falling due within one year
Trade debtors
84,538
49,796
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
5,950
11,743
Other creditors
70,006
125,030
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
6,667
6,667
Loans from directors
2,205
3,944
LKW Solicitors Ltd
Notes to the Accounts
for the year ended 31 October 2025
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
10
Transactions with related parties
The company owes Khalda Wali, a director, an amount of £2,205 (2024: £3,944) as at the balance sheet date. There is no interest on this loan and no fixed date for repayment.
11
Average number of employees
During the year the average number of employees was 6 (2024: 6).