Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13513841 Mr Jonathan McCarthy Mr Asif Timol iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13513841 2023-07-31 13513841 2024-07-31 13513841 2023-08-01 2024-07-31 13513841 frs-core:CurrentFinancialInstruments 2024-07-31 13513841 frs-core:Non-currentFinancialInstruments 2024-07-31 13513841 frs-core:ShareCapital 2024-07-31 13513841 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13513841 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13513841 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13513841 frs-bus:SmallEntities 2023-08-01 2024-07-31 13513841 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13513841 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13513841 frs-core:CostValuation 2023-07-31 13513841 frs-core:AdditionsToInvestments 2024-07-31 13513841 frs-core:CostValuation 2024-07-31 13513841 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 13513841 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 13513841 frs-bus:Director1 2023-08-01 2024-07-31 13513841 frs-bus:Director2 2023-08-01 2024-07-31 13513841 frs-countries:EnglandWales 2023-08-01 2024-07-31 13513841 2022-07-31 13513841 2023-07-31 13513841 2022-08-01 2023-07-31 13513841 frs-core:CurrentFinancialInstruments 2023-07-31 13513841 frs-core:Non-currentFinancialInstruments 2023-07-31 13513841 frs-core:ShareCapital 2023-07-31 13513841 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13513841
Argutus Legal Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
H R Harris & Partners
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13513841
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 300,000 -
300,000 -
CURRENT ASSETS
Stocks 5 50,000 -
Debtors 6 - 3,610
Cash at bank and in hand 3,827 3,202
53,827 6,812
Creditors: Amounts Falling Due Within One Year 7 (69,240 ) (47,619 )
NET CURRENT ASSETS (LIABILITIES) (15,413 ) (40,807 )
TOTAL ASSETS LESS CURRENT LIABILITIES 284,587 (40,807 )
Creditors: Amounts Falling Due After More Than One Year 8 (300,000 ) -
NET LIABILITIES (15,413 ) (40,807 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (15,513 ) (40,907 )
SHAREHOLDERS' FUNDS (15,413) (40,807)
Page 1
Page 2
For the year ending 31 July 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 Jonathan McCarthy
Director
10/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Argutus Legal Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13513841 . The registered office is Ground Floor, 25 Tawe Business Village, Swansea Enterprise Park, Swansea, West Glamorgan, SA7 9LA.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Other
£
Cost
As at 1 August 2023 -
Additions 300,000
As at 31 July 2024 300,000
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 300,000
As at 1 August 2023 -
5. Stocks
2024 2023
£ £
Work in progress 50,000 -
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,610
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 484 484
Other taxes and social security 2,496 8,335
VAT 1,238 -
Other creditors 33,522 28,000
Accruals and deferred income 900 900
Directors' loan accounts 30,600 9,900
69,240 47,619
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 300,000 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4