Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 NI616159 Mr Paul Farrell Mr Ciaran Maguire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI616159 2023-12-31 NI616159 2024-12-31 NI616159 2024-01-01 2024-12-31 NI616159 frs-core:CurrentFinancialInstruments 2024-12-31 NI616159 frs-core:ComputerEquipment 2024-01-01 2024-12-31 NI616159 frs-core:NetGoodwill 2024-12-31 NI616159 frs-core:NetGoodwill 2024-01-01 2024-12-31 NI616159 frs-core:NetGoodwill 2023-12-31 NI616159 frs-core:PlantMachinery 2024-12-31 NI616159 frs-core:PlantMachinery 2024-01-01 2024-12-31 NI616159 frs-core:PlantMachinery 2023-12-31 NI616159 frs-core:ShareCapital 2024-12-31 NI616159 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI616159 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI616159 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI616159 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI616159 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI616159 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI616159 frs-bus:Director1 2024-01-01 2024-12-31 NI616159 frs-bus:Director1 2023-12-31 NI616159 frs-bus:Director1 2024-12-31 NI616159 frs-bus:Director2 2024-01-01 2024-12-31 NI616159 frs-bus:Director2 2023-12-31 NI616159 frs-bus:Director2 2024-12-31 NI616159 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI616159 2022-12-31 NI616159 2023-12-31 NI616159 2023-01-01 2023-12-31 NI616159 frs-core:CurrentFinancialInstruments 2023-12-31 NI616159 frs-core:ShareCapital 2023-12-31 NI616159 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI616159
McIvor Farrell Solicitors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: NI616159
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,715 2,575
4,715 2,575
CURRENT ASSETS
Debtors 6 734,084 701,991
Cash at bank and in hand 496,993 283,643
1,231,077 985,634
Creditors: Amounts Falling Due Within One Year 7 (287,816 ) (281,285 )
NET CURRENT ASSETS (LIABILITIES) 943,261 704,349
TOTAL ASSETS LESS CURRENT LIABILITIES 947,976 706,924
PROVISIONS FOR LIABILITIES
Deferred Taxation (821 ) (1,095 )
NET ASSETS 947,155 705,829
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 947,055 705,729
SHAREHOLDERS' FUNDS 947,155 705,829
Page 1
Page 2
For the year ending 31 December 2024 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 Paul Farrell
Director
Mr Ciaran Maguire
Director
30 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
McIvor Farrell Solicitors Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI616159 . The registered office is 129 Springfield Road, Belfast, BT12 7AE.
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:
Plant & Machinery 25% reducing balance
Computer Equipment 33% reducing balance
Page 3
Page 4
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 12 (2023: 10)
12 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 800,000
As at 31 December 2024 800,000
Amortisation
As at 1 January 2024 800,000
As at 31 December 2024 800,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
Page 4
Page 5
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 29,403
Additions 3,252
As at 31 December 2024 32,655
Depreciation
As at 1 January 2024 26,828
Provided during the period 1,112
As at 31 December 2024 27,940
Net Book Value
As at 31 December 2024 4,715
As at 1 January 2024 2,575
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 293,296 278,135
Prepayments and accrued income 393,125 371,059
Directors' loan accounts 47,663 52,797
734,084 701,991
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,221 28,221
Corporation tax 139,534 134,434
Other taxes and social security 75,134 71,515
Other creditors 25,237 24,000
Accruals and deferred income 14,639 23,115
Directors' loan accounts 5,051 -
287,816 281,285
Page 5
Page 6
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors and Creditors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Paul Farrell 35,815 132,066 (120,218 ) - 47,663
Mr Ciaran Maguire 16,982 62,048 (84,081 ) - (5,051 )
The above loan is unsecured, interest free and repayable on demand.
Page 6