Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08042963 Mr Gary Reed Ms Angela Malcolmson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08042963 2023-03-31 08042963 2024-03-31 08042963 2023-04-01 2024-03-31 08042963 frs-core:CurrentFinancialInstruments 2024-03-31 08042963 frs-core:FurnitureFittings 2024-03-31 08042963 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08042963 frs-core:FurnitureFittings 2023-03-31 08042963 frs-core:ShareCapital 2024-03-31 08042963 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08042963 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08042963 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08042963 frs-bus:SmallEntities 2023-04-01 2024-03-31 08042963 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08042963 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08042963 frs-core:CostValuation 2023-03-31 08042963 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 08042963 frs-core:CostValuation 2024-03-31 08042963 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 08042963 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 08042963 frs-bus:Director1 2023-04-01 2024-03-31 08042963 frs-bus:Director1 2023-03-31 08042963 frs-bus:Director1 2024-03-31 08042963 frs-bus:Director2 2023-04-01 2024-03-31 08042963 frs-countries:EnglandWales 2023-04-01 2024-03-31 08042963 2022-03-31 08042963 2023-03-31 08042963 2022-04-01 2023-03-31 08042963 frs-core:CurrentFinancialInstruments 2023-03-31 08042963 frs-core:ShareCapital 2023-03-31 08042963 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08042963
GPR Legal Services Ltd
Financial Statements
For The Year Ended 31 March 2024
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08042963
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 441
Investments 5 12,000 11,795
12,000 12,236
CURRENT ASSETS
Debtors 6 32,687 29,264
Cash at bank and in hand 205 36,819
32,892 66,083
Creditors: Amounts Falling Due Within One Year 7 (44,695 ) (52,299 )
NET CURRENT ASSETS (LIABILITIES) (11,803 ) 13,784
TOTAL ASSETS LESS CURRENT LIABILITIES 197 26,020
PROVISIONS FOR LIABILITIES
Deferred Taxation - (85 )
NET ASSETS 197 25,935
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 97 25,835
SHAREHOLDERS' FUNDS 197 25,935
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For the year ending 31 March 2024 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
Mr Gary Reed
Director
16 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
GPR Legal Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08042963 . The registered office is 5th Floor, 30-31 Furnival Street, London, EC4A 1JQ.
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 represents commission from the rendering of services and is accounted for in arrears. It is recorded net of value added tax.
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 25% straight line basis
2.4. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 2,532
As at 31 March 2024 2,532
...CONTINUED
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Depreciation
As at 1 April 2023 2,091
Provided during the period 441
As at 31 March 2024 2,532
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 441
5. Investments
Other
£
Cost
As at 1 April 2023 11,795
Revaluations 205
As at 31 March 2024 12,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 12,000
As at 1 April 2023 11,795
Fixed asset investments are revalued at each Balance Sheet date and any change in valuation is reflected in the Proft and Loss Account.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,293 29,264
Directors' loan accounts 4,394 -
32,687 29,264
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 32,713 35,027
VAT 9,282 13,616
Accruals and deferred income 2,700 2,700
Directors' loan accounts - 956
44,695 52,299
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Gary Reed - 4,394 - - 4,394
The above loan is interest-free, unsecured and repayable on demand.
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