REGISTERED NUMBER: SC458598 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Boyd Legal Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr W P Boyd

Mrs D G Boyd

Miss R A Brandon

Ms K A Matthews

REGISTERED OFFICE:

21 22 Queensferry Street

Edinburgh

EH2 4RD

REGISTERED NUMBER:

SC458598 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

4a Glenfinlas Street

Edinburgh

Midlothian

EH3 6AQ

FIXED ASSETS

Intangible assets

4

236,667

309,167

Tangible assets

5

5,810

8,205

242,477

317,372

CURRENT ASSETS

Debtors

6

432,564

646,206

Cash at bank and in hand

324,443

336,351

757,007

982,557

CREDITORS

Amounts falling due within one year

7

244,915

284,122

NET CURRENT ASSETS

512,092

698,435

TOTAL ASSETS LESS CURRENT LIABILITIES

754,569

1,015,807

PROVISIONS FOR LIABILITIES

101

303

NET ASSETS

754,468

1,015,504

CAPITAL AND RESERVES

Called up share capital

211

211

Retained earnings

754,257

1,015,293

754,468

1,015,504

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2026 and were signed on its behalf by:

Mrs D G Boyd - Director

Mr W P Boyd - Director

Miss R A Brandon - Director

1.	STATUTORY INFORMATION

Boyd Legal Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the excess of the consideration transferred over the fair value of the acquired assets and assumed liabilities in connection with the acquisition of two businesses, one in 2015 and one in 2022. Both are being amortised evenly over their estimated useful life of 10 years . Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

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

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipments

-

20% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid. Debtors receivable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Work in progress

Work in Progress is measured at the value of unbilled services at the year end date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

725,000

AMORTISATION

At 1 January 2025

415,833

Amortisation for year

72,500

At 31 December 2025

488,333

NET BOOK VALUE

At 31 December 2025

236,667

At 31 December 2024

309,167

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipments

Totals

£

£

£

£

£

COST

At 1 January 2025

23,160

27,549

27,255

32,682

110,646

Additions

-

-

-

1,337

1,337

At 31 December 2025

23,160

27,549

27,255

34,019

111,983

DEPRECIATION

At 1 January 2025

22,757

22,098

27,255

30,331

102,441

Charge for year

403

2,257

-

1,072

3,732

At 31 December 2025

23,160

24,355

27,255

31,403

106,173

NET BOOK VALUE

At 31 December 2025

-

3,194

-

2,616

5,810

At 31 December 2024

403

5,451

-

2,351

8,205

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

88,844

90,112

Amounts recoverable on contract

106,067

119,258

Other debtors

237,653

291,593

Directors' current accounts

-

145,243

432,564

646,206

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Finance agreements

45,300

41,925

Trade creditors

43,709

49,517

Tax

59,948

86,312

Social security and other taxes

12,334

20,008

VAT

59,858

64,078

Other creditors

2,581

2,984

Accrued expenses

21,185

19,298

244,915

284,122

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

91,975

92,640

Between one and five years

321,000

336,475

In more than five years

306,000

382,500

718,975

811,615

9.	SECURED DEBTS

The Clydesdale Bank PLC holds a floating charge over the whole of the property, assets and rights of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

Mr W P Boyd

Balance outstanding at start of year

117,648

54,449

Amounts advanced

74,665

71,809

Amounts repaid

(192,313

)

(8,610

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

117,648

Mrs D G Boyd

Balance outstanding at start of year

27,595

19,963

Amounts advanced

24,530

7,632

Amounts repaid

(52,125

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

27,595

The directors loans are unsecured and repayable on demand. Interest has been charged at the ORI on directors loans in excess of £10,000.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £366,071 (2024 - £111,454) were paid to the directors .

Included within other debtors is a balance of £58,902 (2024 - £79,561) due from a partnership which is under common control of 2 directors and shareholders. This balance is interest free and no repayment terms are in place.

12.	CLIENT ACCOUNT INTEREST

During the year the company paid out interest earned on balances held at bank totalling £95,364 (2024 - £135,439).