Annual Report & Accounts 2026
61
OUR FINANCIALS
All revenue is derived from a single segment and all revenue is billed over time.
As required to be disclosed by IFRS 8 Operating Segments, no single customer represented more than 10% of revenue for any of the years ended 31 January 2026 or 2026.
5. EXPENSES BY NATURE
Expenses are comprised of:
2026 £
2026 £
Depreciation
227,213
120,863
Amortisation – intangible assets
–
248,543
Amortisation – right-of-use assets
463,861
454,275
Share-based payments
851,320
780,662
Staff costs
8,012,477
6,657,878
Other administrative expenses
8,959,243
7,512,604
18,514,114
15,774,825
Included within staff costs above are the costs of employed fee earners who are included within cost of sales (2026: £1,663,752; 2026: £1,230,192).
6. OPERATING PROFIT
Operating profit is arrived at after charging:
2026 £
2026 £
Depreciation expense
227,213
120,863
Amortisation – intangible assets
–
248,543
Amortisation – right-of-use assets
463,861
454,275
Fees to auditor: parent company
20,000
15,000
Fees to auditor: subsidiary
120,000
115,000
7. FINANCE INCOME AND COSTS
2026 £
2026 £
Finance income
Interest income on bank deposits
3,196,726
1,966,246
Financing costs
Interest on client monies held
(684,708)
(767,002)
Interest on leases for own use
(103,968)
(88,041)
Total finance costs (788,676)
(855,043)
Net finance income
2,408,050
1,111,203
OUR FINANCIALS
All revenue is derived from a single segment and all revenue is billed over time.
As required to be disclosed by IFRS 8 Operating Segments, no single customer represented more than 10% of revenue for any of the years ended 31 January 2026 or 2026.
5. EXPENSES BY NATURE
Expenses are comprised of:
2026 £
2026 £
Depreciation
227,213
120,863
Amortisation – intangible assets
–
248,543
Amortisation – right-of-use assets
463,861
454,275
Share-based payments
851,320
780,662
Staff costs
8,012,477
6,657,878
Other administrative expenses
8,959,243
7,512,604
18,514,114
15,774,825
Included within staff costs above are the costs of employed fee earners who are included within cost of sales (2026: £1,663,752; 2026: £1,230,192).
6. OPERATING PROFIT
Operating profit is arrived at after charging:
2026 £
2026 £
Depreciation expense
227,213
120,863
Amortisation – intangible assets
–
248,543
Amortisation – right-of-use assets
463,861
454,275
Fees to auditor: parent company
20,000
15,000
Fees to auditor: subsidiary
120,000
115,000
7. FINANCE INCOME AND COSTS
2026 £
2026 £
Finance income
Interest income on bank deposits
3,196,726
1,966,246
Financing costs
Interest on client monies held
(684,708)
(767,002)
Interest on leases for own use
(103,968)
(88,041)
Total finance costs (788,676)
(855,043)
Net finance income
2,408,050
1,111,203