Acorah Software Products - Accounts Production 15.0.600 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08651896 Mr A R Tudor Mr P R Thorpe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08651896 2023-08-31 08651896 2024-08-31 08651896 2023-09-01 2024-08-31 08651896 frs-core:CurrentFinancialInstruments 2024-08-31 08651896 frs-core:Non-currentFinancialInstruments 2024-08-31 08651896 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 08651896 frs-core:OtherResidualIntangibleAssets 2024-08-31 08651896 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 08651896 frs-core:OtherResidualIntangibleAssets 2023-08-31 08651896 frs-core:PlantMachinery 2024-08-31 08651896 frs-core:PlantMachinery 2023-09-01 2024-08-31 08651896 frs-core:PlantMachinery 2023-08-31 08651896 frs-core:CapitalRedemptionReserve 2024-08-31 08651896 frs-core:RevaluationReserve 2024-08-31 08651896 frs-core:SharePremium 2024-08-31 08651896 frs-core:ShareCapital 2024-08-31 08651896 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08651896 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08651896 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08651896 frs-bus:SmallEntities 2023-09-01 2024-08-31 08651896 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08651896 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08651896 frs-core:ListedExchangeTraded 2024-08-31 08651896 frs-core:ListedExchangeTraded 2023-08-31 08651896 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-08-31 08651896 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-08-31 08651896 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-08-31 08651896 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-08-31 08651896 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-08-31 08651896 frs-bus:Director1 2023-09-01 2024-08-31 08651896 frs-bus:Director2 2023-09-01 2024-08-31 08651896 frs-countries:EnglandWales 2023-09-01 2024-08-31 08651896 2022-08-31 08651896 2023-08-31 08651896 2022-09-01 2023-08-31 08651896 frs-core:CurrentFinancialInstruments 2023-08-31 08651896 frs-core:Non-currentFinancialInstruments 2023-08-31 08651896 frs-core:CapitalRedemptionReserve 2023-08-31 08651896 frs-core:RevaluationReserve 2023-08-31 08651896 frs-core:SharePremium 2023-08-31 08651896 frs-core:ShareCapital 2023-08-31 08651896 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08651896
Goldman Smith Claims Management Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr A R Tudor
Mr P R Thorpe
Company Number 08651896
Registered Office Saxon House
21 Market Square
Sandbach
Cheshire
CW11 1AT
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Goldman Smith Claims Management Ltd for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Goldman Smith Claims Management Ltd for the year ended 31 August 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Goldman Smith Claims Management Ltd , as a body, in accordance with the terms of our engagement letter dated 30 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Goldman Smith Claims Management Ltd and state those matters that we have agreed to state to the directors of Goldman Smith Claims Management Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldman Smith Claims Management Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Goldman Smith Claims Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Goldman Smith Claims Management Ltd . You consider that Goldman Smith Claims Management Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Goldman Smith Claims Management Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
11 October 2024
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Balance Sheet
Registered number: 08651896
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,884 13,820
Tangible Assets 5 8,678 10,488
Investments 6 - 22,000
34,562 46,308
CURRENT ASSETS
Debtors 7 167,872 127,369
Cash at bank and in hand 109,767 56,754
277,639 184,123
Creditors: Amounts Falling Due Within One Year 8 (80,139 ) (140,185 )
NET CURRENT ASSETS (LIABILITIES) 197,500 43,938
TOTAL ASSETS LESS CURRENT LIABILITIES 232,062 90,246
Creditors: Amounts Falling Due After More Than One Year 9 (9,113 ) (19,113 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (907 ) (1,082 )
NET ASSETS 222,042 70,051
CAPITAL AND RESERVES
Called up share capital 10 1,240 930
Share premium account 219,380 -
Revaluation reserve 4,000 4,000
Capital redemption reserve 380 70
Profit and Loss Account (2,958 ) 65,051
SHAREHOLDERS' FUNDS 222,042 70,051
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For the year ending 31 August 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 A R Tudor
Director
11 October 2024
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Goldman Smith Claims Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08651896 . The registered office is Saxon House, 21 Market Square, Sandbach, Cheshire, CW11 1AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its 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 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 2 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Plant and machinery 20% Reducing balance
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.7. Listed investments
Investments are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
All investments are carried at fair value derived from the current market value. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 10)
13 10
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4. Intangible Assets
Other
£
Cost
As at 1 September 2023 225,170
Additions 51,768
As at 31 August 2024 276,938
Amortisation
As at 1 September 2023 211,350
Provided during the period 39,704
As at 31 August 2024 251,054
Net Book Value
As at 31 August 2024 25,884
As at 1 September 2023 13,820
5. Tangible Assets
Plant and machinery
£
Cost
As at 1 September 2023 18,174
Additions 359
As at 31 August 2024 18,533
Depreciation
As at 1 September 2023 7,686
Provided during the period 2,169
As at 31 August 2024 9,855
Net Book Value
As at 31 August 2024 8,678
As at 1 September 2023 10,488
6. Investments
Listed
£
Cost
As at 1 September 2023 22,000
Disposals (22,000 )
As at 31 August 2024 -
Provision
As at 1 September 2023 -
As at 31 August 2024 -
...CONTINUED
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Net Book Value
As at 31 August 2024 -
As at 1 September 2023 22,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 167,872 127,369
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 67,099 116,717
Taxation and social security 3,040 13,468
80,139 140,185
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,113 19,113
The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,240 930
11. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
12. Related Party Transactions
The following related party transactions were undertaken during the year:
The company was under the control of IMPST Ltd (50%) and Jaret Ltd (50%) throughout the current period. During the prior period the company was under control of Jorden Franklin Associates Ltd (31%), IMPST Ltd (31%), Jaret Ltd (31%) and Goldman Smith Claims Management Limited (7%).
At the balance sheet date the company owed Jorden Franklin Associates Ltd £Nil (2023: £519).
At the balance sheet date the company owed IMPST Ltd £808 (2023: £56,000).
At the balance sheet date the company owed Jaret Ltd £50,808 (2023 : £56,000)
At the balance sheet date the amounts owed to the directors totalled £11,593 (2023: £1,038).
At the balance sheet date the shareholders received dividends totalling £Nil (2023: £Nil).
During the period the company made rental payments to Red Box Surveys Limited, a company under common control, equalling £7,200 (2023: £9,267). At the balance sheet date there were no outstanding amounts.
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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