Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08353248 Mr Antony Hodari Mr Anthony Pope Mr Stephen Lund Antony Hodari true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08353248 2023-10-31 08353248 2024-10-31 08353248 2023-11-01 2024-10-31 08353248 frs-core:CurrentFinancialInstruments 2024-10-31 08353248 frs-core:Non-currentFinancialInstruments 2024-10-31 08353248 frs-core:ComputerEquipment 2024-10-31 08353248 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08353248 frs-core:ComputerEquipment 2023-10-31 08353248 frs-core:ShareCapital 2024-10-31 08353248 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08353248 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08353248 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08353248 frs-bus:SmallEntities 2023-11-01 2024-10-31 08353248 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08353248 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08353248 1 2023-11-01 2024-10-31 08353248 frs-bus:Director1 2023-11-01 2024-10-31 08353248 frs-bus:Director2 2023-11-01 2024-10-31 08353248 frs-bus:Director3 2023-11-01 2024-10-31 08353248 frs-countries:EnglandWales 2023-11-01 2024-10-31 08353248 2022-10-31 08353248 2023-10-31 08353248 2022-11-01 2023-10-31 08353248 frs-core:CurrentFinancialInstruments 2023-10-31 08353248 frs-core:Non-currentFinancialInstruments 2023-10-31 08353248 frs-core:ShareCapital 2023-10-31 08353248 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08353248
Ultima Legal Services Limited
Financial Statements
For The Year Ended 31 October 2024
AH Shared Services
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08353248
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 382
- 382
CURRENT ASSETS
Debtors 5 687,801 688,481
687,801 688,481
Creditors: Amounts Falling Due Within One Year 6 (269,325 ) (244,443 )
NET CURRENT ASSETS (LIABILITIES) 418,476 444,038
TOTAL ASSETS LESS CURRENT LIABILITIES 418,476 444,420
Creditors: Amounts Falling Due After More Than One Year 7 (10,881 ) (20,832 )
NET ASSETS 407,595 423,588
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 407,594 423,587
SHAREHOLDERS' FUNDS 407,595 423,588
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For the year ending 31 October 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 Income Statement.
On behalf of the board
Mr Anthony Pope
Director
20 January 2025
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
Ultima Legal Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08353248 . The registered office is Colony 5 Piccadilly Place, Manchester, Greater Manchester, M1 3BR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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:
Computer Equipment 3 years straight line
2.5. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of the financial asset and liability classifications used in the Statement of Financial Position.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the year end.
Basic financial liabilities, including trade and other creditors, bank loans, bank overdrafts and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial assets and liabilities are offset and the net amount reported when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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2.6. Taxation
Tax is recognised in the Income Statement, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the tax is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates that have been enacted or substantively enacted by the year end date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8. Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

2.9. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 1,250
Disposals (1,250 )
As at 31 October 2024 -
Depreciation
As at 1 November 2023 868
Disposals (868 )
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 382
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 651,571 660,861
Prepayments and accrued income 4,330 1,520
Deferred tax current asset 5,000 15,000
660,901 677,381
Due after more than one year
Deferred tax non current asset 26,900 11,100
687,801 688,481
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,785 76,513
Bank loans and overdrafts 17,190 48,089
Other taxes and social security 164,001 118,220
Other creditors 300 807
Accruals and deferred income 1,049 814
269,325 244,443
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,881 20,832
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Contingent Liabilities
A group cross guarantee exists over the company with a legal charge dated 2 September 2022 in favour of HSBC UK Bank plc which contains a fiixed and floating charge over all assets of the group. The maximum liability at 31 October 2024 was £126,527 (2023: £147,272).•
10. Related Party Transactions
Vehicles were leased from entities controlled by Antony Hodari and total charges were £8,376 (2023: £6,594).
11. Ultimate Controlling Party
The company's ultimate controlling party is Antony Hodari by virtue of his ownership of 100% of the voting shares in the parent company.
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