Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 03928003 Mr Rashid Mirza iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03928003 2023-02-28 03928003 2024-02-28 03928003 2023-03-01 2024-02-28 03928003 frs-core:CurrentFinancialInstruments 2024-02-28 03928003 frs-core:Non-currentFinancialInstruments 2024-02-28 03928003 frs-core:ComputerEquipment 2024-02-28 03928003 frs-core:ComputerEquipment 2023-03-01 2024-02-28 03928003 frs-core:ComputerEquipment 2023-02-28 03928003 frs-core:FurnitureFittings 2024-02-28 03928003 frs-core:FurnitureFittings 2023-03-01 2024-02-28 03928003 frs-core:FurnitureFittings 2023-02-28 03928003 frs-core:PlantMachinery 2024-02-28 03928003 frs-core:PlantMachinery 2023-03-01 2024-02-28 03928003 frs-core:PlantMachinery 2023-02-28 03928003 frs-core:ShareCapital 2024-02-28 03928003 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 03928003 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03928003 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 03928003 frs-bus:SmallEntities 2023-03-01 2024-02-28 03928003 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03928003 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03928003 frs-bus:Director1 2023-03-01 2024-02-28 03928003 frs-bus:Director1 2023-02-28 03928003 frs-bus:Director1 2024-02-28 03928003 frs-countries:EnglandWales 2023-03-01 2024-02-28 03928003 2022-02-28 03928003 2023-02-28 03928003 2022-03-01 2023-02-28 03928003 frs-core:CurrentFinancialInstruments 2023-02-28 03928003 frs-core:Non-currentFinancialInstruments 2023-02-28 03928003 frs-core:ShareCapital 2023-02-28 03928003 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 03928003
Accident Claims UK Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03928003
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,288 1,718
1,288 1,718
CURRENT ASSETS
Debtors 5 123,640 123,582
Cash at bank and in hand 8,709 19,284
132,349 142,866
Creditors: Amounts Falling Due Within One Year 6 (4,014 ) (6,920 )
NET CURRENT ASSETS (LIABILITIES) 128,335 135,946
TOTAL ASSETS LESS CURRENT LIABILITIES 129,623 137,664
Creditors: Amounts Falling Due After More Than One Year 7 (8,276 ) (11,557 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (300 ) (400 )
NET ASSETS 121,047 125,707
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 120,047 124,707
SHAREHOLDERS' FUNDS 121,047 125,707
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Page 2
For the year ending 28 February 2024 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 Rashid Mirza
Director
26/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Accident Claims UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03928003 . The registered office is 10 St Dunstans Avenue, Acton, London, W3 6QB.
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 net invoiced sales of services, excluding 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:
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted orsubstantively enacted by the balance sheet date.
Deferred tax 
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. Revenue recognition
The revenue is recognised when the occurrence of a critical event arises in accordance with the Section 23 of Financial Reporting Standard 102.The revenue is recognised when the occurrence of a critical event arises in accordance with the Section 23 of Financial Reporting Standard 102.
2.6. Going Concern
As with most businesses the Company has been affected by the ongoing impact of exit from the European Union and the high level of interest in the UK economy. These have had an impact on the operations, customers, suppliers and staff. The Company is taking all the steps it can to protect the future of the business.
Although the total impact is still uncertain the director believes that it is appropriate to prepare the accounts on a going concern basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 2,750 32,790 8,734 44,274
As at 28 February 2024 2,750 32,790 8,734 44,274
Depreciation
As at 1 March 2023 2,097 32,217 8,242 42,556
Provided during the period 164 143 123 430
As at 28 February 2024 2,261 32,360 8,365 42,986
Net Book Value
As at 28 February 2024 489 430 369 1,288
As at 1 March 2023 653 573 492 1,718
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 123,640 123,582
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 1
Bank loans and overdrafts 4,004 4,004
Taxation and social security 11 2,915
4,014 6,920
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,276 11,557
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Rashid Mirza 94,424 - 191 - 94,233
The company charged interest on the loan to the director, using the Official HM Revenue & Customs rates.
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 1,000 2,000
During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director.
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