Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2021 1 April 2020 false 1 April 2021 31 March 2022 31 March 2022 11894413 Mr Niyaz Raof the director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11894413 2021-03-31 11894413 2022-03-31 11894413 2021-04-01 2022-03-31 11894413 frs-core:CurrentFinancialInstruments 2022-03-31 11894413 frs-core:Non-currentFinancialInstruments 2022-03-31 11894413 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-04-01 2022-03-31 11894413 frs-core:OtherResidualIntangibleAssets 2022-03-31 11894413 frs-core:OtherResidualIntangibleAssets 2021-04-01 2022-03-31 11894413 frs-core:OtherResidualIntangibleAssets 2021-03-31 11894413 frs-core:PlantMachinery 2022-03-31 11894413 frs-core:PlantMachinery 2021-04-01 2022-03-31 11894413 frs-core:PlantMachinery 2021-03-31 11894413 frs-core:ShareCapital 2022-03-31 11894413 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31 11894413 frs-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 11894413 frs-bus:FilletedAccounts 2021-04-01 2022-03-31 11894413 frs-bus:SmallEntities 2021-04-01 2022-03-31 11894413 frs-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 11894413 frs-bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 11894413 1 2021-04-01 2022-03-31 11894413 frs-bus:Director1 2021-04-01 2022-03-31 11894413 frs-bus:Director1 2021-03-31 11894413 frs-bus:Director1 2022-03-31 11894413 frs-core:CurrentFinancialInstruments 1 2022-03-31 11894413 frs-countries:EnglandWales 2021-04-01 2022-03-31 11894413 2020-03-31 11894413 2021-03-31 11894413 2020-04-01 2021-03-31 11894413 frs-core:CurrentFinancialInstruments 2021-03-31 11894413 frs-core:Non-currentFinancialInstruments 2021-03-31 11894413 frs-core:ShareCapital 2021-03-31 11894413 frs-core:RetainedEarningsAccumulatedLosses 2021-03-31 11894413 frs-core:CurrentFinancialInstruments 1 2021-03-31
Registered number: 11894413
Raof Legal Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2022
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11894413
2022 2021
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,086 36,990
Tangible Assets 5 1,584 1,980
101,670 38,970
CURRENT ASSETS
Debtors 6 93,678 120,584
Cash at bank and in hand 10,907 1,013
104,585 121,597
Creditors: Amounts Falling Due Within One Year 7 (91,725 ) (62,007 )
NET CURRENT ASSETS (LIABILITIES) 12,860 59,590
TOTAL ASSETS LESS CURRENT LIABILITIES 114,530 98,560
Creditors: Amounts Falling Due After More Than One Year 8 (24,289 ) (37,500 )
NET ASSETS 90,241 61,060
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 90,141 60,960
SHAREHOLDERS' FUNDS 90,241 61,060
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For the year ending 31 March 2022 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 his 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
Mr Niyaz Raof
Director
3 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Raof Legal Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11894413 . The registered office is 6, 2nd Floor Butts Court, Green Dragon Yard, Leeds, LS1 5JS.
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include Legal app development costs. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. 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 20% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. 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 material 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2021: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 April 2021 46,238
Additions 90,429
As at 31 March 2022 136,667
Amortisation
As at 1 April 2021 9,248
Provided during the period 27,333
As at 31 March 2022 36,581
Net Book Value
As at 31 March 2022 100,086
As at 1 April 2021 36,990
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5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2021 2,866
As at 31 March 2022 2,866
Depreciation
As at 1 April 2021 886
Provided during the period 396
As at 31 March 2022 1,282
Net Book Value
As at 31 March 2022 1,584
As at 1 April 2021 1,980
6. Debtors
2022 2021
£ £
Due within one year
Trade debtors - 420
Corporation tax (refundable) 29,474 29,474
Director's loan account 64,204 90,690
93,678 120,584
7. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors (1 ) (134 )
Bank loans and overdrafts 7,282 -
Corporation tax 50,984 44,046
VAT 30,460 16,095
Accruals and deferred income 3,000 2,000
91,725 62,007
8. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans 24,289 37,500
9. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2021 Amounts advanced Amounts repaid Amounts written off As at 31 March 2022
£ £ £ £ £
Mr Niyaz Raof 90,690 - 26,486 - 64,204
The above loan is unsecured, subject to interest at the official rate, and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of their ownership of 100% of the issued share capital in the company.
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