REGISTERED NUMBER: 07496676 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

G M Wilson Solicitors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Marris

Ms C Holmes

Ms R Kirkham

Ms N K Washington

S R McMaster

REGISTERED OFFICE:

1 Crown Court

Wakefield

WF1 2SU

REGISTERED NUMBER:

07496676 (England and Wales)

ACCOUNTANTS:

Enigma Accountants Ltd

Office B5, Croft Myl

West Parade

Halifax

West Yorkshire

HX1 2EQ

FIXED ASSETS

Intangible assets

4

388,892

444,448

Tangible assets

5

139,182

134,605

Investment property

6

243,302

-

771,376

579,053

CURRENT ASSETS

Debtors

7

2,062,543

1,949,691

Cash at bank and in hand

825,167

816,956

2,887,710

2,766,647

CREDITORS

Amounts falling due within one year

8

441,498

499,030

NET CURRENT ASSETS

2,446,212

2,267,617

TOTAL ASSETS LESS CURRENT LIABILITIES

3,217,588

2,846,670

PROVISIONS FOR LIABILITIES

34,339

33,088

NET ASSETS

3,183,249

2,813,582

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

60

60

Retained earnings

3,183,139

2,813,472

3,183,249

2,813,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 21 October 2026 and were signed on its behalf by:

J P Marris - Director

Ms C Holmes - Director

1.	STATUTORY INFORMATION

G M Wilson Solicitors Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, costs incurred and when costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials as a proportion of total costs. Where the outcome cannot be reliably estimated revenue is recognised only to the extent of the expenses that it is probable will be recovered.

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of the net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is being amortised evenly over its estimated useful life of eighteen years.

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2025 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

1,000,000

AMORTISATION

At 1 February 2025

555,552

Charge for year

55,556

At 31 January 2026

611,108

NET BOOK VALUE

At 31 January 2026

388,892

At 31 January 2025

444,448

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

383,404

Additions

49,162

At 31 January 2026

432,566

DEPRECIATION

At 1 February 2025

248,799

Charge for year

44,585

At 31 January 2026

293,384

NET BOOK VALUE

At 31 January 2026

139,182

At 31 January 2025

134,605

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

243,302

At 31 January 2026

243,302

NET BOOK VALUE

At 31 January 2026

243,302

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

48,967

52,487

Amounts recoverable on contract

339,202

281,400

Other debtors

1,674,374

1,615,804

2,062,543

1,949,691

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

-

3,562

Trade creditors

6,211

19,077

Taxation and social security

416,453

458,145

Other creditors

18,834

18,246

441,498

499,030

9.	LEASING AGREEMENTS

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

31.1.26

31.1.25

£

£

Within one year

53,573

73,441

Between one and five years

1,530

14,853

55,103

88,294

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

-

3,562

Bank loans are secured by personal guarantees from J P Marris and C Holmes.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

£

J P Marris

Balance outstanding at start of year

496,865

552,930

Amounts advanced

339,723

243,247

Amounts repaid

(220,312

)

(299,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

616,276

496,865

Ms C Holmes

Balance outstanding at start of year

503,874

388,054

Amounts advanced

269,198

316,132

Amounts repaid

(225,080

)

(200,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

547,992

503,874

In addition a company controlled by J P Marris owed the company £113,018 (2023 £113,018) and a company controlled by C Holmes owed the company £100,000 (2023 £100,000)