REGISTERED NUMBER: SC376004 (Scotland)

Financial Statements

for the Year Ended 31 March 2025

for

Oraclelaw Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Carruthers

Mrs C Carruthers

REGISTERED OFFICE:

1a Helena House

Busby Road

Clarkston

Glasgow

G76 7RA

REGISTERED NUMBER:

SC376004 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Intangible assets

3

160,817

81,667

Tangible assets

4

26,662

38,133

Investments

5

100

-

187,579

119,800

CURRENT ASSETS

Debtors

6

96,292

123,797

Cash at bank

4,419,953

2,078,051

4,516,245

2,201,848

CREDITORS

Amounts falling due within one year

7

4,593,814

2,185,192

NET CURRENT (LIABILITIES)/ASSETS

(77,569

)

16,656

TOTAL ASSETS LESS CURRENT LIABILITIES

110,010

136,456

CREDITORS

Amounts falling due after more than one year

8

(73,331

)

(15,431

)

PROVISIONS FOR LIABILITIES

9

(6,666

)

(9,533

)

NET ASSETS

30,013

111,492

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

29,913

111,392

SHAREHOLDERS' FUNDS

30,013

111,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

J Carruthers - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Revenue represents the amounts derived from the provision of solicitor services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 6 years

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

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 measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 16 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

180,000

Additions

89,900

At 31 March 2025

269,900

AMORTISATION

At 1 April 2024

98,333

Amortisation for year

10,750

At 31 March 2025

109,083

NET BOOK VALUE

At 31 March 2025

160,817

At 31 March 2024

81,667

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

33,780

81,275

115,055

Additions

2,450

4,502

6,952

At 31 March 2025

36,230

85,777

122,007

DEPRECIATION

At 1 April 2024

16,871

60,051

76,922

Charge for year

4,739

13,684

18,423

At 31 March 2025

21,610

73,735

95,345

NET BOOK VALUE

At 31 March 2025

14,620

12,042

26,662

At 31 March 2024

16,909

21,224

38,133

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

100

At 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

81,020

110,000

Other debtors

15,272

13,797

96,292

123,797

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

29,928

56,430

Taxation and social security

79,969

125,712

Other creditors

4,483,917

2,003,050

4,593,814

2,185,192

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

73,331

15,431

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

6,666

9,533

Deferred

tax

£

Balance at 1 April 2024

9,533

Movement

(2,867

)

Balance at 31 March 2025

6,666

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100