Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 13924238 Mr Sajid Rafik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13924238 2024-02-28 13924238 2025-02-28 13924238 2024-02-29 2025-02-28 13924238 frs-core:CurrentFinancialInstruments 2025-02-28 13924238 frs-core:ComputerEquipment 2025-02-28 13924238 frs-core:ComputerEquipment 2024-02-29 2025-02-28 13924238 frs-core:ComputerEquipment 2024-02-28 13924238 frs-core:ShareCapital 2025-02-28 13924238 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13924238 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 13924238 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 13924238 frs-bus:SmallEntities 2024-02-29 2025-02-28 13924238 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 13924238 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 13924238 frs-bus:Director1 2024-02-29 2025-02-28 13924238 frs-bus:Director1 2024-02-28 13924238 frs-bus:Director1 2025-02-28 13924238 frs-countries:EnglandWales 2024-02-29 2025-02-28 13924238 2023-02-28 13924238 2024-02-28 13924238 2023-03-01 2024-02-28 13924238 frs-core:CurrentFinancialInstruments 2024-02-28 13924238 frs-core:ShareCapital 2024-02-28 13924238 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 13924238
Curae Solicitors Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13924238
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 463 468
463 468
CURRENT ASSETS
Stocks 5 543,511 103,943
Debtors 6 35,519 3,640
Cash at bank and in hand 19,082 9,542
598,112 117,125
Creditors: Amounts Falling Due Within One Year 7 (590,243 ) (106,868 )
NET CURRENT ASSETS (LIABILITIES) 7,869 10,257
TOTAL ASSETS LESS CURRENT LIABILITIES 8,332 10,725
NET ASSETS 8,332 10,725
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 8,331 10,724
SHAREHOLDERS' FUNDS 8,332 10,725
Page 1
Page 2
For the year ending 28 February 2025 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 Sajid Rafik
Director
21/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Curae Solicitors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13924238 . The registered office is Albert House, Seymour Road, Bolton, Seymour Road, Bolton, BL1 8PT.
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 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.
2.3. 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:
Computer Equipment 33% Straight Line
2.4. Stocks and Work in Progress
The firm undertakes legal engagements under Conditional Fee Agreements (commonly known as "No Win No Fee" arrangements), where revenue is contingent upon the successful outcome of a case.
In accordance with IFRS 15 – Revenue from Contracts with Customers, revenue is recognised only when it is highly probable that a significant reversal will not occur and when the amount of consideration can be measured reliably. As such, income arising from No Win No Fee cases is recognised only upon the successful conclusion of a matter, at which point the outcome is certain and the firm becomes entitled to receive consideration.
As a result, Work in Progress (WIP) relating to No Win No Fee cases is not recognised as revenue or as a taxable item until such time as the outcome is known and a right to consideration exists. 
2.5. 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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 29 February 2024 645
Additions 302
As at 28 February 2025 947
Depreciation
As at 29 February 2024 177
Provided during the period 307
As at 28 February 2025 484
Net Book Value
As at 28 February 2025 463
As at 29 February 2024 468
5. Stocks
2025 2024
£ £
Work in progress 543,511 103,943
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,756 -
Prepayments and accrued income 15,715 1,222
VAT - 1,275
Director's loan account 10,048 1,143
35,519 3,640
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 44 -
Bank loans and overdrafts 543,511 103,943
Corporation tax 39,344 2,406
Other taxes and social security 179 94
VAT 6,148 -
Net wages 367 -
Accruals and deferred income 650 425
590,243 106,868
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 February 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Sajid Rafik 1,143 8,905 - - 10,048
The above loan has been fully repaid within nine months after the year-end, and as a result, no Section 455 tax liability arises. The loan was made in the ordinary course of business, and there are no outstanding amounts due as at the date of approving these financial statements.
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