Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 08706632 Mr Shahid Mahmood Choudhry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08706632 2022-09-30 08706632 2023-09-30 08706632 2022-10-01 2023-09-30 08706632 frs-core:CurrentFinancialInstruments 2023-09-30 08706632 frs-core:Non-currentFinancialInstruments 2023-09-30 08706632 frs-core:NetGoodwill 2023-09-30 08706632 frs-core:NetGoodwill 2022-10-01 2023-09-30 08706632 frs-core:NetGoodwill 2022-09-30 08706632 frs-core:PlantMachinery 2023-09-30 08706632 frs-core:PlantMachinery 2022-10-01 2023-09-30 08706632 frs-core:PlantMachinery 2022-09-30 08706632 frs-core:ShareCapital 2023-09-30 08706632 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08706632 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08706632 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 08706632 frs-bus:SmallEntities 2022-10-01 2023-09-30 08706632 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 08706632 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08706632 frs-bus:Director1 2022-10-01 2023-09-30 08706632 frs-countries:EnglandWales 2022-10-01 2023-09-30 08706632 2021-09-30 08706632 2022-09-30 08706632 2021-10-01 2022-09-30 08706632 frs-core:CurrentFinancialInstruments 2022-09-30 08706632 frs-core:Non-currentFinancialInstruments 2022-09-30 08706632 frs-core:ShareCapital 2022-09-30 08706632 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 08706632
Middleweeks Legal Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08706632
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 153,125 275,625
Tangible Assets 5 79,642 87,833
232,767 363,458
CURRENT ASSETS
Stocks 28,202 29,855
Debtors 6 79,183 39,507
Investments 7 36,252 36,252
Cash at bank and in hand 1,000 1,000
144,637 106,614
Creditors: Amounts Falling Due Within One Year 8 (223,010 ) (258,319 )
NET CURRENT ASSETS (LIABILITIES) (78,373 ) (151,705 )
TOTAL ASSETS LESS CURRENT LIABILITIES 154,394 211,753
Creditors: Amounts Falling Due After More Than One Year 9 (17,500 ) (27,500 )
NET ASSETS 136,894 184,253
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 136,794 184,153
SHAREHOLDERS' FUNDS 136,894 184,253
Page 1
Page 2
For the year ending 30 September 2023 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 Shahid Mahmood Choudhry
Director
13th August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Middleweeks Legal Limited Registered number 08706632 is a limited by shares company incorporated in England & Wales. The Registered Office is Ground Floor, 22 Derby Street, Manchester, M8 8RY.
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 comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 10% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.6. 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 year 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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 asset reflects 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 7 8
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2022 1,225,000
As at 30 September 2023 1,225,000
Amortisation
As at 1 October 2022 949,375
Provided during the period 122,500
As at 30 September 2023 1,071,875
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 September 2023 153,125
As at 1 October 2022 275,625
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2022 133,110
As at 30 September 2023 133,110
Depreciation
As at 1 October 2022 45,277
Provided during the period 8,191
As at 30 September 2023 53,468
Net Book Value
As at 30 September 2023 79,642
As at 1 October 2022 87,833
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,232 18,565
Other debtors 44,169 20,942
Corporation tax recoverable assets 4,782 -
79,183 39,507
7. Current Asset Investments
2023 2022
£ £
Other investments, held for sale 36,252 36,252
36,252 36,252
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 157,185 150,907
Corporation tax 47,232 43,448
Other taxes and social security 3,522 29,516
Other creditors 15,071 34,448
223,010 258,319
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,500 27,500
17,500 27,500
10. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 147,185 140,907
Page 6