Acorah Software Products - Accounts Production 16.5.460 false true 5 April 2024 6 April 2023 false 6 April 2024 5 April 2025 5 April 2025 SC724441 Mr Peter Crooks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC724441 2024-04-05 SC724441 2025-04-05 SC724441 2024-04-06 2025-04-05 SC724441 frs-core:CurrentFinancialInstruments 2025-04-05 SC724441 frs-core:ComputerEquipment 2025-04-05 SC724441 frs-core:ComputerEquipment 2024-04-06 2025-04-05 SC724441 frs-core:ComputerEquipment 2024-04-05 SC724441 frs-core:FurnitureFittings 2025-04-05 SC724441 frs-core:FurnitureFittings 2024-04-06 2025-04-05 SC724441 frs-core:FurnitureFittings 2024-04-05 SC724441 frs-core:NetGoodwill 2025-04-05 SC724441 frs-core:NetGoodwill 2024-04-06 2025-04-05 SC724441 frs-core:NetGoodwill 2024-04-05 SC724441 frs-core:SharePremium 2025-04-05 SC724441 frs-core:ShareCapital 2025-04-05 SC724441 frs-core:RetainedEarningsAccumulatedLosses 2025-04-05 SC724441 frs-bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 SC724441 frs-bus:FilletedAccounts 2024-04-06 2025-04-05 SC724441 frs-bus:SmallEntities 2024-04-06 2025-04-05 SC724441 frs-bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 SC724441 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 SC724441 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-04-05 SC724441 frs-bus:Director1 2024-04-06 2025-04-05 SC724441 frs-countries:Scotland 2024-04-06 2025-04-05 SC724441 2023-04-05 SC724441 2024-04-05 SC724441 2023-04-06 2024-04-05 SC724441 frs-core:CurrentFinancialInstruments 2024-04-05 SC724441 frs-core:SharePremium 2024-04-05 SC724441 frs-core:ShareCapital 2024-04-05 SC724441 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 SC724441 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-04-05
Registered number: SC724441
Lanarkshire Accident Law (Scotland) Ltd
Unaudited Financial Statements
For The Year Ended 5 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC724441
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 91,000 104,000
Tangible Assets 5 3,090 4,049
94,090 108,049
CURRENT ASSETS
Stocks 6 2,500 1,750
Debtors 7 74,311 43,080
Cash at bank and in hand 124,711 105,978
201,522 150,808
Creditors: Amounts Falling Due Within One Year 8 (100,995 ) (81,325 )
NET CURRENT ASSETS (LIABILITIES) 100,527 69,483
TOTAL ASSETS LESS CURRENT LIABILITIES 194,617 177,532
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (773 ) (1,012 )
NET ASSETS 193,844 176,520
CAPITAL AND RESERVES
Called up share capital 10 1 1
Share premium account 124,332 124,332
Profit and Loss Account 69,511 52,187
SHAREHOLDERS' FUNDS 193,844 176,520
Page 1
Page 2
For the year ending 5 April 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 Peter Crooks
Director
03/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lanarkshire Accident Law (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC724441 . The registered office is Units 28-29 Coatbank Business Centre, Coatbank Way, Coatbridge, ML5 3AG.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company only has basic financial instruments.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at
fair value, net of transaction costs, and are measures subsequently at amortised cost using the effective interest
method, less any impairment.
Short term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured susequently at amortised cost using the
effective interest method.
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2.7. 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: 4 (2024: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 6 April 2024 130,000
As at 5 April 2025 130,000
Amortisation
As at 6 April 2024 26,000
Provided during the period 13,000
As at 5 April 2025 39,000
Net Book Value
As at 5 April 2025 91,000
As at 6 April 2024 104,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 6 April 2024 2,671 3,124 5,795
As at 5 April 2025 2,671 3,124 5,795
...CONTINUED
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Page 5
Depreciation
As at 6 April 2024 546 1,200 1,746
Provided during the period 318 641 959
As at 5 April 2025 864 1,841 2,705
Net Book Value
As at 5 April 2025 1,807 1,283 3,090
As at 6 April 2024 2,125 1,924 4,049
6. Stocks
2025 2024
£ £
Work in progress 2,500 1,750
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 70,417 39,869
Prepayments and accrued income 3,894 3,211
74,311 43,080
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,914 763
Corporation tax 38,540 19,692
Other taxes and social security 479 835
VAT 26,427 24,133
Pension creditor 230 230
Accruals and deferred income 1,642 1,522
Director's loan account 31,763 34,150
100,995 81,325
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 773 1,012
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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