Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13465510 Ms Thiara Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13465510 2024-03-31 13465510 2025-03-31 13465510 2024-04-01 2025-03-31 13465510 frs-core:CurrentFinancialInstruments 2025-03-31 13465510 frs-core:ComputerEquipment 2025-03-31 13465510 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13465510 frs-core:ComputerEquipment 2024-03-31 13465510 frs-core:FurnitureFittings 2025-03-31 13465510 frs-core:FurnitureFittings 2024-04-01 2025-03-31 13465510 frs-core:FurnitureFittings 2024-03-31 13465510 frs-core:ShareCapital 2025-03-31 13465510 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13465510 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13465510 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13465510 frs-bus:SmallEntities 2024-04-01 2025-03-31 13465510 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13465510 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13465510 frs-bus:Director1 2024-04-01 2025-03-31 13465510 frs-bus:Director1 2024-03-31 13465510 frs-bus:Director1 2025-03-31 13465510 frs-countries:EnglandWales 2024-04-01 2025-03-31 13465510 2023-03-31 13465510 2024-03-31 13465510 2023-04-01 2024-03-31 13465510 frs-core:CurrentFinancialInstruments 2024-03-31 13465510 frs-core:ShareCapital 2024-03-31 13465510 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13465510
SMI Legal Limited
Financial Statements
For The Year Ended 31 March 2025
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13465510
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,992 2,421
2,992 2,421
CURRENT ASSETS
Stocks 5 4,606 2,340
Debtors 6 4,640 5,233
Cash at bank and in hand 269,204 241,464
278,450 249,037
Creditors: Amounts Falling Due Within One Year 7 (56,878 ) (48,645 )
NET CURRENT ASSETS (LIABILITIES) 221,572 200,392
TOTAL ASSETS LESS CURRENT LIABILITIES 224,564 202,813
PROVISIONS FOR LIABILITIES
Deferred Taxation (220 ) (460 )
NET ASSETS 224,344 202,353
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 224,244 202,253
SHAREHOLDERS' FUNDS 224,344 202,353
For the year ending 31 March 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 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
Ms Thiara Malik
Director
23 September 2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SMI Legal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13465510 . The registered office is 5th Floor, 30-31 Furnival Street, London, EC4A 1JQ.
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,for professional services rendered net of value added taxes. 
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 5 Years - Straight Line
Computer Equipment 4 Years - Straight Line
2.4. Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 711 3,927 4,638
Additions 395 1,665 2,060
As at 31 March 2025 1,106 5,592 6,698
Depreciation
As at 1 April 2024 167 2,050 2,217
Provided during the period 220 1,269 1,489
As at 31 March 2025 387 3,319 3,706
Net Book Value
As at 31 March 2025 719 2,273 2,992
As at 1 April 2024 544 1,877 2,421
5. Stocks
2025 2024
£ £
Work in progress 4,606 2,340
6. Debtors
2025 2024
£ £
Due within one year
Director's loan account 4,640 5,233
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,364 1,366
Corporation tax 40,678 36,698
VAT 14,359 10,103
Accruals and deferred income 477 478
56,878 48,645
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Ms Thiara Malik 5,233 376 969 - 4,640
The above loan is unsecured, and repayable on demand.
10. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid - (6,200 )
Final dividend paid 104,800 81,200
104,800 75,000
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