Acorah Software Products - Accounts Production 14.5.501 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10985166 Abdul Tramboo Hamza Majid Tramboo Shireen Tramboo Kanwal Jit Sohal true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10985166 2022-12-31 10985166 2023-12-31 10985166 2023-01-01 2023-12-31 10985166 frs-core:CurrentFinancialInstruments 2023-12-31 10985166 frs-core:Non-currentFinancialInstruments 2023-12-31 10985166 frs-core:ComputerEquipment 2023-12-31 10985166 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10985166 frs-core:ComputerEquipment 2022-12-31 10985166 frs-core:FurnitureFittings 2023-12-31 10985166 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10985166 frs-core:FurnitureFittings 2022-12-31 10985166 frs-core:PlantMachinery 2023-12-31 10985166 frs-core:PlantMachinery 2023-01-01 2023-12-31 10985166 frs-core:PlantMachinery 2022-12-31 10985166 frs-core:ShareCapital 2023-12-31 10985166 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10985166 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10985166 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10985166 frs-bus:SmallEntities 2023-01-01 2023-12-31 10985166 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10985166 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10985166 1 2023-01-01 2023-12-31 10985166 frs-bus:Director1 2023-01-01 2023-12-31 10985166 frs-bus:Director2 2023-01-01 2023-12-31 10985166 frs-bus:Director3 2023-01-01 2023-12-31 10985166 frs-bus:Director4 2023-01-01 2023-12-31 10985166 frs-core:CurrentFinancialInstruments 1 2023-12-31 10985166 frs-core:CurrentFinancialInstruments 2 2023-12-31 10985166 frs-core:CurrentFinancialInstruments 3 2023-12-31 10985166 frs-core:CurrentFinancialInstruments 4 2023-12-31 10985166 frs-core:CurrentFinancialInstruments 5 2023-12-31 10985166 frs-countries:EnglandWales 2023-01-01 2023-12-31 10985166 2021-12-31 10985166 2022-12-31 10985166 2022-01-01 2022-12-31 10985166 frs-core:CurrentFinancialInstruments 2022-12-31 10985166 frs-core:Non-currentFinancialInstruments 2022-12-31 10985166 frs-core:ShareCapital 2022-12-31 10985166 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10985166 frs-core:CurrentFinancialInstruments 1 2022-12-31 10985166 frs-core:CurrentFinancialInstruments 2 2022-12-31 10985166 frs-core:CurrentFinancialInstruments 3 2022-12-31 10985166 frs-core:CurrentFinancialInstruments 4 2022-12-31 10985166 frs-core:CurrentFinancialInstruments 5 2022-12-31
Registered number: 10985166
MT UK Solicitors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10985166
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,564 1,084
4,564 1,084
CURRENT ASSETS
Stocks 5 275,555 280,800
Debtors 6 288,113 171,853
Cash at bank and in hand 944,646 496,656
1,508,314 949,309
Creditors: Amounts Falling Due Within One Year 7 (1,348,333 ) (783,720 )
NET CURRENT ASSETS (LIABILITIES) 159,981 165,589
TOTAL ASSETS LESS CURRENT LIABILITIES 164,545 166,673
Creditors: Amounts Falling Due After More Than One Year 8 (58,935 ) (86,869 )
NET ASSETS 105,610 79,804
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 105,510 79,704
SHAREHOLDERS' FUNDS 105,610 79,804
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Abdul Tramboo
Director
04/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MT UK Solicitors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10985166 . The registered office is 6 Gate Street, (Lincoln's Inn Fields),, London, WC2A 3HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnoverrepresents the total amount receivable from the provision of services which fall within the company's ordinary activities, excluding discounts, value added tax and disbusements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value of work completed where no fee consideration has been raised at the year end based upon average fees verus case completion rates.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 1,957 2,434 11,909 16,300
Additions - - 5,523 5,523
As at 31 December 2023 1,957 2,434 17,432 21,823
Depreciation
As at 1 January 2023 1,957 1,912 11,347 15,216
Provided during the period - 522 1,521 2,043
As at 31 December 2023 1,957 2,434 12,868 17,259
Net Book Value
As at 31 December 2023 - - 4,564 4,564
As at 1 January 2023 - 522 562 1,084
5. Stocks
2023 2022
£ £
Work in progress 275,555 280,800
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 284,625 171,853
Prepayments and accrued income 3,488 -
288,113 171,853
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,721 11,233
Bank loans and overdrafts 37,806 37,806
Corporation tax 24,491 33,611
Other taxes and social security 65,635 50,476
VAT 175,773 187,648
Net wages 473 -
Clients monies held 839,836 396,985
Pension creditor 1,961 975
Barclays credit card 3,840 1,852
American express credit card 8,036 7,315
Circle cloud 3,223 3,223
Accruals and deferred income 9,642 9,642
Directors' loan accounts 168,896 42,954
1,348,333 783,720
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 58,935 86,869
58,935 86,869
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
During the year the company entered into the following transaction with related parties: 
At the year the company owed A M Tramboo a director and shareholder £168,896 (2022: £42,953). The amount is secured interest free.
11. Ultimate Controlling Party
The company's ultimate controlling party is A M Trambo. 
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