Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 29 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13770788 Ms R K Dayal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13770788 2022-11-30 13770788 2023-11-30 13770788 2022-12-01 2023-11-30 13770788 frs-core:CurrentFinancialInstruments 2023-11-30 13770788 frs-core:ComputerEquipment 2023-11-30 13770788 frs-core:ComputerEquipment 2022-12-01 2023-11-30 13770788 frs-core:ComputerEquipment 2022-11-30 13770788 frs-core:ShareCapital 2023-11-30 13770788 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13770788 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13770788 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13770788 frs-bus:SmallEntities 2022-12-01 2023-11-30 13770788 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13770788 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13770788 frs-bus:Director1 2022-12-01 2023-11-30 13770788 frs-core:CurrentFinancialInstruments 1 2023-11-30 13770788 frs-core:CurrentFinancialInstruments 2 2023-11-30 13770788 frs-countries:EnglandWales 2022-12-01 2023-11-30 13770788 2021-11-28 13770788 2022-11-30 13770788 2021-11-29 2022-11-30 13770788 frs-core:CurrentFinancialInstruments 2022-11-30 13770788 frs-core:ShareCapital 2022-11-30 13770788 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 13770788 frs-core:CurrentFinancialInstruments 1 2022-11-30 13770788 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 13770788
RBB Law Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 13770788
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,363 -
3,363 -
CURRENT ASSETS
Debtors 5 842,328 450
Cash at bank and in hand 31,211 13,644
873,539 14,094
Creditors: Amounts Falling Due Within One Year 6 (428,105 ) (25,571 )
NET CURRENT ASSETS (LIABILITIES) 445,434 (11,477 )
TOTAL ASSETS LESS CURRENT LIABILITIES 448,797 (11,477 )
NET ASSETS/(LIABILITIES) 448,797 (11,477 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 448,697 (11,577 )
SHAREHOLDERS' FUNDS 448,797 (11,477)
For the year ending 30 November 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 her 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 Income Statement.
On behalf of the board
Ms R K Dayal
Director
30 August 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
RBB Law Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13770788 . The registered office is 1 Lord Street, Gravesend, Kent, United Kingdom, DA12 1AW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities The
Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
2.4. Tangible Fixed Assets and 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:
Computer Equipment 33% Straight line
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.6. Taxation
Taxation for the period comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Page 3
2.8. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions
about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are
described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 -
Additions 5,020
As at 30 November 2023 5,020
Depreciation
As at 1 December 2022 -
Provided during the period 1,657
As at 30 November 2023 1,657
Net Book Value
As at 30 November 2023 3,363
As at 1 December 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors (35,614 ) -
Other debtors - Rent deposit 450 450
Other taxes and social security 736 -
Amounts owed by group undertakings 876,756 -
842,328 450
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 121,088 -
Corporation tax 133,021 -
Other taxes and social security - 590
VAT 9,522 546
Net wages 320 1,705
Intercompany - Dayal Consultants Ltd - 15,000
Pension liability 668 -
Accruals and deferred income 155,000 1,200
Director's loan account 8,486 6,530
428,105 25,571
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year end, there are 100 Ordinary shares in issue.
8. Related Party Transactions
As at 30 November 2023, the Directors Loan Account balance of Ms R K Dayal is £8,486, which is a current liability, interest free and repayable on demand.
As at 30 November 2023, Dayal Consultants Ltd, a company related via common directorship and ownership, owed the company £876,756. This is a current asset, interest free and repayable on demand.
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