Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09043646 Mr Shahzad Khan Raja Mr Keerat Singh Bains iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09043646 2023-03-31 09043646 2024-03-31 09043646 2023-04-01 2024-03-31 09043646 frs-core:CurrentFinancialInstruments 2024-03-31 09043646 frs-core:Non-currentFinancialInstruments 2024-03-31 09043646 frs-core:NetGoodwill 2024-03-31 09043646 frs-core:NetGoodwill 2023-04-01 2024-03-31 09043646 frs-core:NetGoodwill 2023-03-31 09043646 frs-core:PlantMachinery 2024-03-31 09043646 frs-core:PlantMachinery 2023-04-01 2024-03-31 09043646 frs-core:PlantMachinery 2023-03-31 09043646 frs-core:ShareCapital 2024-03-31 09043646 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09043646 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09043646 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09043646 frs-bus:SmallEntities 2023-04-01 2024-03-31 09043646 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09043646 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09043646 frs-bus:Director1 2023-04-01 2024-03-31 09043646 frs-bus:Director2 2023-04-01 2024-03-31 09043646 frs-countries:EnglandWales 2023-04-01 2024-03-31 09043646 2022-03-31 09043646 2023-03-31 09043646 2022-04-01 2023-03-31 09043646 frs-core:CurrentFinancialInstruments 2023-03-31 09043646 frs-core:Non-currentFinancialInstruments 2023-03-31 09043646 frs-core:ShareCapital 2023-03-31 09043646 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09043646
SKR Legal Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09043646
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 3,000
Tangible Assets 5 48,244 36,934
48,244 39,934
CURRENT ASSETS
Stocks 127,609 186,782
Debtors 6 385,190 336,745
Cash at bank and in hand 6,224 7,896
519,023 531,423
Creditors: Amounts Falling Due Within One Year 7 (379,696 ) (240,195 )
NET CURRENT ASSETS (LIABILITIES) 139,327 291,228
TOTAL ASSETS LESS CURRENT LIABILITIES 187,571 331,162
Creditors: Amounts Falling Due After More Than One Year 8 (180,579 ) (325,230 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,767 ) (4,767 )
NET ASSETS 2,225 1,165
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 2,125 1,065
SHAREHOLDERS' FUNDS 2,225 1,165
Page 1
Page 2
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 Shahzad Khan Raja
Director
25th November 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
SKR Legal Limited Registered number 09043646 is a limited by shares company incorporated in England & Wales. The Registered Office is 12 St Mary's Gate, Derby, Derbyshire, DE1 3JR.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less 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:
Plant & Machinery 15% straight line
2.5. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 9 (2023: 8)
9 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Amortisation
As at 1 April 2023 27,000
Provided during the period 3,000
As at 31 March 2024 30,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 3,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 126,677
Additions 15,673
As at 31 March 2024 142,350
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 89,743
Provided during the period 4,363
As at 31 March 2024 94,106
Net Book Value
As at 31 March 2024 48,244
As at 1 April 2023 36,934
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 171,239 151,206
Other debtors 188,213 159,801
Corporation tax recoverable assets 25,738 25,738
385,190 336,745
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 215,179 154,002
Corporation tax 15,667 6,514
Other taxes and social security 66,210 18,237
Other creditors 82,640 61,442
379,696 240,195
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 180,579 325,230
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 322,154 439,417
Page 5