Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12374449 Mr Simon Bushell Simon Bushell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12374449 2022-12-31 12374449 2023-12-31 12374449 2023-01-01 2023-12-31 12374449 frs-core:CurrentFinancialInstruments 2023-12-31 12374449 frs-core:Non-currentFinancialInstruments 2023-12-31 12374449 frs-core:ComputerEquipment 2023-12-31 12374449 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12374449 frs-core:ComputerEquipment 2022-12-31 12374449 frs-core:FurnitureFittings 2023-12-31 12374449 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12374449 frs-core:FurnitureFittings 2022-12-31 12374449 frs-core:ShareCapital 2023-12-31 12374449 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12374449 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12374449 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12374449 frs-bus:SmallEntities 2023-01-01 2023-12-31 12374449 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12374449 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12374449 1 2023-01-01 2023-12-31 12374449 frs-core:CostValuation 2022-12-31 12374449 frs-core:CostValuation 2023-12-31 12374449 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 12374449 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 12374449 frs-bus:Director1 2023-01-01 2023-12-31 12374449 frs-core:Non-currentFinancialInstruments 1 2023-12-31 12374449 frs-core:CurrentFinancialInstruments 2 2023-12-31 12374449 frs-core:CurrentFinancialInstruments 5 2023-12-31 12374449 frs-countries:EnglandWales 2023-01-01 2023-12-31 12374449 2021-12-31 12374449 2022-12-31 12374449 2022-01-01 2022-12-31 12374449 frs-core:CurrentFinancialInstruments 2022-12-31 12374449 frs-core:Non-currentFinancialInstruments 2022-12-31 12374449 frs-core:ShareCapital 2022-12-31 12374449 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 12374449 frs-core:Non-currentFinancialInstruments 1 2022-12-31 12374449 frs-core:CurrentFinancialInstruments 2 2022-12-31 12374449 frs-core:CurrentFinancialInstruments 3 2022-12-31 12374449 frs-core:CurrentFinancialInstruments 4 2022-12-31 12374449 frs-core:CurrentFinancialInstruments 5 2022-12-31
Registered number: 12374449
Seladore Legal Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kalculus
Chartered Accountants, Registered Auditors & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12374449
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,546 20,958
Investments 5 2,500 2,500
65,046 23,458
CURRENT ASSETS
Debtors 6 2,960,261 1,600,076
Cash at bank and in hand 2,875,539 3,497,547
5,835,800 5,097,623
Creditors: Amounts Falling Due Within One Year 7 (3,912,848 ) (2,481,999 )
NET CURRENT ASSETS (LIABILITIES) 1,922,952 2,615,624
TOTAL ASSETS LESS CURRENT LIABILITIES 1,987,998 2,639,082
Creditors: Amounts Falling Due After More Than One Year 8 (20,833 ) (30,833 )
NET ASSETS 1,967,165 2,608,249
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,967,065 2,608,149
SHAREHOLDERS' FUNDS 1,967,165 2,608,249
Page 1
Page 2
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 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 Simon Bushell
Director
18 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Seladore Legal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12374449 . The registered office is 3rd Floor, 20-22 Bedford Row, London, WC1R 4EB.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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:
Fixtures & Fittings 33.3% on cost
Computer Equipment 33.3% on cost
2.4. 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.
2.5. Financial Instruments
The company only enters into basic financial instrument transactions that results in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 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.
Page 3
Page 4
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Dividends
Dividend distribution to the company shareholder is recognised as a liability in the financial statements in the reporting period in which dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2022: 14)
19 14
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 6,650 36,359 43,009
Additions 21,449 41,918 63,367
As at 31 December 2023 28,099 78,277 106,376
Depreciation
As at 1 January 2023 328 21,723 22,051
Provided during the period 4,788 16,991 21,779
As at 31 December 2023 5,116 38,714 43,830
Net Book Value
As at 31 December 2023 22,983 39,563 62,546
As at 1 January 2023 6,322 14,636 20,958
5. Investments
Other
£
Cost
As at 1 January 2023 2,500
As at 31 December 2023 2,500
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 2,500
As at 1 January 2023 2,500
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,747,979 948,976
Prepayments and accrued income 243,849 100,548
Income Accrued 521,558 310,795
Other debtors - client costs to be reimbursed 336,559 8,559
Other debtors - Refund received post yearend - 3,168
VAT - 96,311
Net wages 205 -
2,850,150 1,468,357
Due after more than one year
Other debtors - Rent Deposit 110,111 131,719
2,960,261 1,600,076
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,003,212 1,446,910
Corporation tax 1,469,843 714,763
Other taxes and social security 202,251 159
VAT 2,941 -
Net wages - 9,466
Other creditors 37,490 221,861
3rd Party Loan share of profits - 75,540
BBL - Current liability 10,000 10,000
Accruals and deferred income 187,111 3,300
3,912,848 2,481,999
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 20,833 30,833
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Financial Instruments
At the balance sheet the company had a Bounce Back Loan of £30,833. Based on the repayment terms, the balances are reflected within Current Creditors, for the portion payable within the next 12 months and Creditors for amounts falling due after one year. 
11. Ultimate Controlling Party
The company's ultimate controlling party is Simon Bushell by virtue of his ownership of 100% of the issued share capital of the parent company, Breaden Capital Holdings Limited.
Page 5