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Registered number: 12495770
Premier Solicitors (Bedford) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Godfrey Laws & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12495770
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 4,167
Tangible Assets 5 190,744 216,230
190,744 220,397
CURRENT ASSETS
Debtors 6 3,005,850 3,308,636
Cash at bank and in hand 1,134,097 1,073,833
4,139,947 4,382,469
Creditors: Amounts Falling Due Within One Year 7 (1,140,128 ) (1,659,069 )
NET CURRENT ASSETS (LIABILITIES) 2,999,819 2,723,400
TOTAL ASSETS LESS CURRENT LIABILITIES 3,190,563 2,943,797
Creditors: Amounts Falling Due After More Than One Year 8 (114,975 ) (183,158 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,121 ) (50,930 )
NET ASSETS 3,030,467 2,709,709
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,030,367 2,709,609
SHAREHOLDERS' FUNDS 3,030,467 2,709,709
Page 1
Page 2
For the year ending 31 March 2026 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Kambli
Director
08/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Premier Solicitors (Bedford) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12495770 . The registered office is Premier House, Lurke Street, Bedford, Bedfordshire, MK40 3HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the fair value of the consideration receivable for professional services provided to clients during the period, net of VAT. Where the outcome of a transaction can be estimated reliability, revenue associated with the transaction is recognised in the profit and loss account by reference to the stage of completion at the end of the accounting period, provided that a right to consideration has been obtained through performance. Consideration accrues as contract activity progresses by reference to the value of work performed.
When the outcome of a transaction cannot be estimated reliability, revenue is recognised only to the extent that the costs of providing the service are recoverable. No revenue is recognised where there are significant uncertainties regarding recovery of the consideration due or where the right to receive payment is contingent on events outside the control of the company.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of five years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Improvements to Property 20% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Office Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 125 (2025: 119)
125 119
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 250,000
As at 31 March 2026 250,000
Amortisation
As at 1 April 2025 245,833
Provided during the period 4,167
As at 31 March 2026 250,000
Net Book Value
As at 31 March 2026 -
As at 1 April 2025 4,167
Page 4
Page 5
5. Tangible Assets
Improvements to Property Motor Vehicles Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 4,380 180,860 5,987 133,480 324,707
Additions - - - 33,872 33,872
As at 31 March 2026 4,380 180,860 5,987 167,352 358,579
Depreciation
As at 1 April 2025 4,307 15,072 4,370 84,728 108,477
Provided during the period 73 41,447 404 17,434 59,358
As at 31 March 2026 4,380 56,519 4,774 102,162 167,835
Net Book Value
As at 31 March 2026 - 124,341 1,213 65,190 190,744
As at 1 April 2025 73 165,788 1,617 48,752 216,230
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Motor Vehicles 124,341 165,788
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 543,933 917,722
Other debtors 2,461,917 2,390,914
3,005,850 3,308,636
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 29,516 20,031
Trade creditors 47,725 234,861
Bank loans and overdrafts 12,500 50,000
Other loans 24,167 55,234
Other creditors 424,887 620,737
Taxation and social security 601,333 678,206
1,140,128 1,659,069
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8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 114,975 146,491
Bank loans - 12,500
Other loans - 24,167
114,975 183,158
9. Secured Creditors
Of the creditors the following amounts are secured.
2026 2025
£ £
Bank loans and overdrafts 12,500 62,500
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 29,516 20,031
Later than one year and not later than five years 114,975 146,491
144,491 166,522
144,491 166,522
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
£ £
Not later than one year 31,226 31,442
Later than one year and not later than five years 28,822 60,264
60,048 91,706
13. Related Party Transactions
Premier Solicitors (Bedford) Limited undertakes to pay £100,000 to PS Trust Corporation Limited for the paid up share capital on demand by PS Trust Corporation Limited.
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