Company registration number: 09338685

Clerksroom Direct Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Clerksroom Direct Limited

(Registration number: 09338685)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,705	3,659
Tangible assets	5	31,817	333
		34,522	3,992
Current assets
Debtors	6	1,064,297	2,326,854
Cash at bank and in hand		30,100	82,388
		1,094,397	2,409,242
Creditors: Amounts falling due within one year	7	(495,177)	(1,644,160)
Net current assets		599,220	765,082
Total assets less current liabilities		633,742	769,074
Provisions for liabilities
Deferred tax liabilities		(1,496)	(1,496)
Net assets		632,246	767,578
Capital and reserves
Called up share capital		102	102
Profit and loss account		632,144	767,476
Total equity		632,246	767,578

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 May 2026 and signed on its behalf by:
 

E R Foges Director

Clerksroom Direct Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Equity House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

On 5 May 2023 the company was acquired by Bar Bidco Limited and since that date the new management have looked to improve the profitability and cash generation of the company by usilising the significant synergies within the wider group and looking to boost revenue.

Management have received confirmation of support from the wider group to fund this growth.

Therefore the financial statements have been prepared on a going concern basis.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue for services provided to barristers when the service provided has been completed and the company is virtually certain to receive the income.

Clerksroom Direct Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20%

Intangible assets

Costs incurred by the company relating to intangible assets are shown at historical cost.

These costs are recognised at fair value at the acquisition date.

Costs relating to intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated inpairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software development costs	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Clerksroom Direct Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 11 (2024 - 8).

Clerksroom Direct Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

4	Intangible assets

	Software development costs £	Total £
Cost or valuation
At 1 January 2025	4,773	4,773
At 31 December 2025	4,773	4,773
Amortisation
At 1 January 2025	1,114	1,114
Amortisation charge	954	954
At 31 December 2025	2,068	2,068
Carrying amount
At 31 December 2025	2,705	2,705
At 31 December 2024	3,659	3,659

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	2,663	2,663
Additions	39,415	39,415
At 31 December 2025	42,078	42,078
Depreciation
At 1 January 2025	2,330	2,330
Charge for the year	7,931	7,931
At 31 December 2025	10,261	10,261
Carrying amount
At 31 December 2025	31,817	31,817
At 31 December 2024	333	333

Clerksroom Direct Limited

Notes to the Financial Statements
for the Year Ended 31 December 2025

6

Debtors

	2025 £	2024 £
Trade debtors	41,825	19,885
Amounts owed by group undertakings and undertakings in which the company has a participating interest.	1,007,093	2,284,201
Prepayments	-	21,066
Other debtors	15,379	1,702
	1,064,297	2,326,854

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	-	824
Trade creditors	40,076	63,951
Amounts owed to group undertakings and undertakings in which the company has a participating interest	386,571	1,502,120
Taxation and social security	21,191	49,041
Accruals and deferred income	11,209	28,224
Other creditors	36,130	-
	495,177	1,644,160