Sheridan Bowles Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 7979707

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		63,333		73,333
Tangible Assets	5		2,188		1,940

			65,521		75,273
CURRENT ASSETS
Stocks	6	9,371		108,760
Debtors	7	25,095		34,014
Cash at bank and in hand		569,827		505,964

		604,293		648,738
Creditors: Amounts Falling Due Within One Year	8	(24,813 )		(65,863 )

NET CURRENT ASSETS (LIABILITIES)			579,480		582,875

TOTAL ASSETS LESS CURRENT LIABILITIES			645,001		658,148

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(416 )		(401 )

NET ASSETS			644,585		657,747

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			644,485		657,647

SHAREHOLDERS' FUNDS			644,585		657,747

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Sheridan Bowles Limited

Balance Sheet (continued)

As At 31 March 2026

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 member has 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.

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

Miss Anne-Marie Sheridan

Director

11th September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Sheridan Bowles Limited Registered number 7979707 is a limited by shares company incorporated in England & Wales. The Registered Office is 1 Crown Road, Great Yarmouth, Norfolk, NR30 2JN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the revenue earned under a wide variety of contracts to provide legal services and advice to clients. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for it's performance under those contracts. Income includes recoverable expenses but excludes Value Added Tax. Unbilled revenue, work in progress, is included within stock.

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 profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Sheridan Bowles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	5	4

	5	4

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	200,000

As at 31 March 2026	200,000

Amortisation
As at 1 April 2025	126,667
Provided during the period	10,000

As at 31 March 2026	136,667

Net Book Value
As at 31 March 2026	63,333

As at 1 April 2025	73,333

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	1,149	2,805	10,861	14,815
Additions	-	320	656	976

As at 31 March 2026	1,149	3,125	11,517	15,791

Depreciation
As at 1 April 2025	978	2,593	9,304	12,875
Provided during the period	42	133	553	728

As at 31 March 2026	1,020	2,726	9,857	13,603

Net Book Value
As at 31 March 2026	129	399	1,660	2,188

As at 1 April 2025	171	212	1,557	1,940

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Sheridan Bowles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Work in progress	9,371	108,760

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	20,919	28,505
Prepayments and accrued income	3,254	4,955
Director's loan account	922	554

	25,095	34,014

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	16,227	30,089
Corporation tax	8,586	35,774

	24,813	65,863

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	416	401

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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Sheridan Bowles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

11. Directors Advances, Credits and Guarantees

Included within debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Miss Anne-Marie Sheridan	554	55,787	55,419	-	922

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2026	2025
	£	£
Miss Anne-Marie Sheridan	40,000	40,000

12. Dividends

	2026	2025
	£	£
On equity shares:
Final dividend paid	40,000	40,000

13. Ultimate Controlling Party

The company's ultimate controlling party is the director by virtue of her ownership of 100% of the issued share capital in the company.