Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 02776873 Mrs Sherron Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02776873 2023-09-30 02776873 2024-09-30 02776873 2023-10-01 2024-09-30 02776873 frs-core:CurrentFinancialInstruments 2024-09-30 02776873 frs-core:ComputerEquipment 2024-09-30 02776873 frs-core:ComputerEquipment 2023-10-01 2024-09-30 02776873 frs-core:ComputerEquipment 2023-09-30 02776873 frs-core:FurnitureFittings 2024-09-30 02776873 frs-core:FurnitureFittings 2023-10-01 2024-09-30 02776873 frs-core:FurnitureFittings 2023-09-30 02776873 frs-core:ShareCapital 2024-09-30 02776873 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 02776873 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02776873 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 02776873 frs-bus:SmallEntities 2023-10-01 2024-09-30 02776873 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02776873 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02776873 frs-bus:Director1 2023-10-01 2024-09-30 02776873 frs-countries:EnglandWales 2023-10-01 2024-09-30 02776873 2022-09-30 02776873 2023-09-30 02776873 2022-10-01 2023-09-30 02776873 frs-core:CurrentFinancialInstruments 2023-09-30 02776873 frs-core:ShareCapital 2023-09-30 02776873 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 02776873
Uninsured Loss Recovery Services Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Sempar Accountancy and Tax Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 02776873
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 679 870
679 870
CURRENT ASSETS
Debtors 5 44,341 60,791
Cash at bank and in hand 10,838 10,954
55,179 71,745
Creditors: Amounts Falling Due Within One Year 6 (45,883 ) (75,966 )
NET CURRENT ASSETS (LIABILITIES) 9,296 (4,221 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,975 (3,351 )
NET ASSETS/(LIABILITIES) 9,975 (3,351 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 9,973 (3,353 )
SHAREHOLDERS' FUNDS 9,975 (3,351)
For the year ending 30 September 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 her 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
Mrs Sherron Smith
Director
26 June 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Uninsured Loss Recovery Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02776873 . The registered office is C/O Sempar, Office 2.026, Innovation Centre 7, Keele University, Keele, Staffordshire, ST5 5NU.
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:
Fixtures & Fittings 12.5% On cost
Computer Equipment 25% On cost
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 974 1,816 2,790
Disposals - (395 ) (395 )
As at 30 September 2024 974 1,421 2,395
Depreciation
As at 1 October 2023 244 1,676 1,920
Provided during the period 121 70 191
Disposals - (395 ) (395 )
As at 30 September 2024 365 1,351 1,716
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 September 2024 609 70 679
As at 1 October 2023 730 140 870
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,241 58,871
Prepayments and accrued income 4,100 1,673
Other taxes and social security - 247
44,341 60,791
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 167 8,378
Bank loans and overdrafts 8,091 9,981
VAT 1,191 9,347
Net wages 1,006 978
Other creditors 19,712 13,580
Accruals and deferred income 747 723
Director's loan account 14,969 32,979
45,883 75,966
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 8,091 9,981
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Total dividends paid to the director during the year were £500 (2023: Nil).
Page 3