Company registration number 08122754 (England and Wales)
SALVUS LAW LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
SALVUS LAW LTD
CONTENTS
- 1 -
Page
Company Information
1
Statement of financial position
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
SALVUS LAW LTD
STATEMENT OF FINANCIAL POSITION
As At 30 November 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,981
5,679
Tangible assets
4
4,594
3,268
9,575
8,947
Current assets
Amounts recoverable on contracts
10,000
70,000
Debtors
5
690,403
494,166
Cash at bank and in hand
213,391
359,414
913,794
923,580
Creditors: amounts falling due within one year
6
(819,907)
(926,968)
Net current assets/(liabilities)
93,887
(3,388)
Total assets less current liabilities
103,462
5,559
Provisions for liabilities
(985)
(817)
Net assets
102,477
4,742
Capital and reserves
Called up share capital
150
150
Profit and loss reserves
102,327
4,592
Total equity
102,477
4,742
SALVUS LAW LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As At 30 November 2025
- 3 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 August 2026 and are signed on its behalf by:
Mr S F L Jones
Mr D C Ross
Director
Director
Mr B C Hailey
Director
Company registration number 08122754 (England and Wales)
SALVUS LAW LTD
STATEMENT OF CHANGES IN EQUITY
For The Year Ended 30 November 2025
- 4 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 December 2023
150
17,495
17,645
Year ended 30 November 2024:
Loss and total comprehensive income
-
(12,903)
(12,903)
Balance at 30 November 2024
150
4,592
4,742
Year ended 30 November 2025:
Profit and total comprehensive income
-
97,735
97,735
Balance at 30 November 2025
150
102,327
102,477
SALVUS LAW LTD
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2025
- 5 -
1
Accounting policies
Company information

Salvus Law Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Salvus Law Ltd, 1st Floor, 26 King Street, Manchester, United Kingdom, M2 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the net invoiced value of work done and services provided, excluding value added tax.

Revenue is recognised as the contracts to provide professional services progress, so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue is measured at the fair value of the work performed by reference to the amounts chargeable to clients, including expenses and disbursements but excluding value added tax. Revenue not billed to clients is shown as amounts recoverable on incomplete contracts.

1.4
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance basis
Computers
Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SALVUS LAW LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 November 2025
1
Accounting policies
(Continued)
- 6 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

The following assets and liabilities are classified as financial instruments: Bank accounts, trade debtors, directors loan accounts and trade creditors.

All financial instruments are payable or receivable within one year and are therefore measured at the undiscounted amount of cash or other consideration that is expected to be paid or received.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

SALVUS LAW LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 November 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2024 and 30 November 2025
6,977
Amortisation and impairment
At 1 December 2024
1,298
Amortisation charged for the year
698
At 30 November 2025
1,996
Carrying amount
At 30 November 2025
4,981
At 30 November 2024
5,679
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024
43,930
Additions
4,931
At 30 November 2025
48,861
Depreciation and impairment
At 1 December 2024
40,662
Depreciation charged in the year
3,605
At 30 November 2025
44,267
Carrying amount
At 30 November 2025
4,594
At 30 November 2024
3,268
SALVUS LAW LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 30 November 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
424,701
222,108
Corporation tax recoverable
-
0
21,893
Other debtors
265,702
250,165
690,403
494,166
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
29,922
43,164
Corporation tax
30,844
-
0
Other taxation and social security
60,469
165,538
Other creditors
698,672
718,266
819,907
926,968
8
Directors' transactions

Dividends totalling £0 (2024 - £0) were paid in the year in respect of shares held by the company's directors.

The amounts advanced are unsecured and have been repaid to the company within nine months of the reporting date.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Mr S F L Jones -
3.75
82,363
94,010
3,343
(87,992)
91,724
Mr D C Ross -
3.75
69,893
75,900
2,837
(74,289)
74,341
Mr B C Hailey -
3.75
81,902
88,402
3,304
(87,513)
86,095
234,158
258,312
9,484
(249,794)
252,160
9
Controlling party

The company was under the joint control of the directors throughout the year.

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