Acorah Software Products - Accounts Production 16.7.461 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11271851 Mr P R Wright Mr J Hudson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11271851 2024-03-31 11271851 2025-03-31 11271851 2024-04-01 2025-03-31 11271851 frs-core:CurrentFinancialInstruments 2025-03-31 11271851 frs-core:Non-currentFinancialInstruments 2025-03-31 11271851 frs-core:ComputerEquipment 2025-03-31 11271851 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11271851 frs-core:ComputerEquipment 2024-03-31 11271851 frs-core:ShareCapital 2025-03-31 11271851 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11271851 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11271851 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11271851 frs-bus:SmallEntities 2024-04-01 2025-03-31 11271851 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11271851 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11271851 frs-bus:Director1 2024-04-01 2025-03-31 11271851 frs-bus:Director2 2024-04-01 2025-03-31 11271851 frs-countries:EnglandWales 2024-04-01 2025-03-31 11271851 2023-03-31 11271851 2024-03-31 11271851 2023-04-01 2024-03-31 11271851 frs-core:CurrentFinancialInstruments 2024-03-31 11271851 frs-core:Non-currentFinancialInstruments 2024-03-31 11271851 frs-core:ShareCapital 2024-03-31 11271851 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11271851
Quartz Barristers Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11271851
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 781 321
781 321
CURRENT ASSETS
Debtors 5 241,322 84,288
Cash at bank and in hand 36,940 42,850
278,262 127,138
Creditors: Amounts Falling Due Within One Year 6 (259,558 ) (98,237 )
NET CURRENT ASSETS (LIABILITIES) 18,704 28,901
TOTAL ASSETS LESS CURRENT LIABILITIES 19,485 29,222
Creditors: Amounts Falling Due After More Than One Year 7 (22,632 ) (28,009 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (236 ) -
NET (LIABILITIES)/ASSETS (3,383 ) 1,213
CAPITAL AND RESERVES
Called up share capital 8 400 400
Profit and Loss Account (3,783 ) 813
SHAREHOLDERS' FUNDS (3,383) 1,213
Page 1
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 P R Wright
Director
23/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Quartz Barristers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11271851 . The registered office is Dryden Enterprise Centre, Nottingham Trent University, Dryden Street, Nottingham, NG1 4FQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
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:
Computer Equipment 25% Straight line
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.
2.6. Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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2.7. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.
2.8. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement
of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 474
Additions 624
As at 31 March 2025 1,098
Depreciation
As at 1 April 2024 153
Provided during the period 164
As at 31 March 2025 317
Net Book Value
As at 31 March 2025 781
As at 1 April 2024 321
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,793 8,003
Other debtors 235,529 76,285
241,322 84,288
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 59,479 57,411
Bank loans and overdrafts 6,317 6,453
Other creditors 157,042 20,262
Taxation and social security 36,720 14,111
259,558 98,237
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 22,632 28,009
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 400 400
9. Related Party Transactions
Included within other debtors are the following balances, in respect of companies which are related by virtue of common ownership and directorship:
At the year end, an amount of £21,362 (2024: £19,693) was owed from Barrister Link Limited.
At the year end, an amount of £212,973 (2024: £49,803) was owed from Clerico Limited.
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