KEARNS LEGAL SERVICES LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company was not profitable in the current period but continues to maintain a net asset position which includes positive retained earnings. Despite some of the wider economic challenges that have been reported in the UK recently, the directors have reviewed the overall cash and liquidity position of the Company and have considered the position to be robust and have not been made aware of particular concerns to the business following reports of higher inflation or economic challenges. The directors therefore believe that preparing the financial statements on the going concern basis is appropriate.”

Significant events

• “Due to a change in rate card turnover decreased from £2,553,000 in 2023 to £1,494,000 in 2024, contributing to an operating loss of £183,000 in the period (2023: operating profit of £814,000).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -41.5%

  £2,553,000 → £1,494,000

• Cash

  +16.7%

  £953,000 → £1,112,000

• Net assets

  -15.8%

  £841,000 → £708,000

• Employees

  -6.7%

  30 → 28

• Operating profit

  -122.5%

  £814,000 → -£183,000

• Profit before tax

  -121.7%

  £819,000 → -£178,000

• Wages

  -5.1%

  £1,146,000 → £1,088,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers