Acorah Software Products - Accounts Production 19.2.450 false true true false 26 June 2024 30 June 2025 30 June 2025 15804672 Mr Andrew Clarkson Mr Luke Heydenrych true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15804672 2024-06-25 15804672 2025-06-30 15804672 2024-06-26 2025-06-30 15804672 frs-core:CurrentFinancialInstruments 2025-06-30 15804672 frs-core:Non-currentFinancialInstruments 2025-06-30 15804672 frs-core:ShareCapital 2025-06-30 15804672 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 15804672 frs-bus:PrivateLimitedCompanyLtd 2024-06-26 2025-06-30 15804672 frs-bus:FilletedAccounts 2024-06-26 2025-06-30 15804672 frs-bus:SmallEntities 2024-06-26 2025-06-30 15804672 frs-bus:AuditExempt-NoAccountantsReport 2024-06-26 2025-06-30 15804672 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-26 2025-06-30 15804672 frs-bus:OrdinaryShareClass2 2024-06-26 2025-06-30 15804672 frs-bus:OrdinaryShareClass2 2025-06-30 15804672 frs-bus:OrdinaryShareClass3 2024-06-26 2025-06-30 15804672 frs-bus:OrdinaryShareClass3 2025-06-30 15804672 frs-bus:OrdinaryShareClass4 2024-06-26 2025-06-30 15804672 frs-bus:OrdinaryShareClass4 2025-06-30 15804672 1 2024-06-26 2025-06-30 15804672 frs-core:CostValuation 2024-06-25 15804672 frs-core:AdditionsToInvestments 2025-06-30 15804672 frs-core:CostValuation 2025-06-30 15804672 frs-core:ProvisionsForImpairmentInvestments 2024-06-25 15804672 frs-core:ProvisionsForImpairmentInvestments 2025-06-30 15804672 frs-bus:Director1 2024-06-26 2025-06-30 15804672 frs-bus:Director2 2024-06-26 2025-06-30 15804672 frs-countries:EnglandWales 2024-06-26 2025-06-30
Registered number: 15804672
Legal And License Compliance Services Limited
Unaudited Financial Statements
For the Period 26 June 2024 to 30 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 15804672
30 June 2025
Notes £ £
FIXED ASSETS
Investments 4 2,250,291
2,250,291
CURRENT ASSETS
Debtors 5 48,936
Cash at bank and in hand 2,334
51,270
Creditors: Amounts Falling Due Within One Year 6 (518,661 )
NET CURRENT ASSETS (LIABILITIES) (467,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,782,900
Creditors: Amounts Falling Due After More Than One Year 7 (1,856,667 )
NET LIABILITIES (73,767 )
CAPITAL AND RESERVES
Called up share capital 9 1,291
Profit and Loss Account (75,058 )
SHAREHOLDERS' FUNDS (73,767)
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For the period ending 30 June 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 Luke Heydenrych
Director
28/04/2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Legal And License Compliance Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15804672 . The registered office is 1st Floor Anchor Court (South), Keen Road, Cardiff, CF24 5JW.
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 financial statements have been prepared on a going concern basis.
The company reported net liabilities at the reporting date. However, the directors have considered the company’s financial position and future cash flow forecasts and are satisfied that the company will be able to meet its liabilities as they fall due.
The company is supported by its subsidiary undertaking and forms part of a wider group. Included within creditors are amounts owed to the subsidiary undertaking of £206,329, which are unsecured, interest free and repayable on demand. The directors do not expect repayment of these balances to be demanded in the foreseeable future.
Based on the above, the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern for a period of at least 12 months from the date of approval of the financial statements.
2.3. Financial Instruments
Recognition and measurement
The company recognises financial instruments when it becomes a party to the contractual provisions of the instrument. Financial instruments are initially measured at transaction price.
The company only enters into basic financial instrument arrangements and has applied the provisions of Section 11 of FRS 102.
Financial liabilities
Financial liabilities comprise trade creditors, accruals, bank borrowings and loan notes.
Financial liabilities are initially recognised at the proceeds received and are subsequently measured at amortised cost using the effective interest method.
Interest expense is recognised in profit or loss over the term of the borrowing.
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2.4. 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 period, 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.
2.5. Investments in subsidiary undertakings
Investments in subsidiary undertakings are stated at cost less accumulated impairment losses.
Cost represents the fair value of consideration given, including directly attributable transaction costs.
Investments are assessed for impairment at each reporting date where there is an indication that the carrying value may not be recoverable.
If such indicators exist, the recoverable amount is estimated as the higher of value in use and fair value less costs to sell. Where the carrying amount exceeds the recoverable amount, an impairment loss is recognised in profit or loss.
Income from investments, including dividends, is recognised when the company’s right to receive payment has been established.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
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4. Investments
Subsidiaries
£
Cost or Valuation
As at 26 June 2024 -
Additions 2,250,291
As at 30 June 2025 2,250,291
Provision
As at 26 June 2024 -
As at 30 June 2025 -
Net Book Value
As at 30 June 2025 2,250,291
As at 26 June 2024 -
5. Debtors
30 June 2025
£
Due within one year
Prepayments and accrued income 7,811
Other debtors 1,000
Directors' loan accounts 30,000
38,811
Due after more than one year
Corporation tax recoverable assets 10,125
48,936
6. Creditors: Amounts Falling Due Within One Year
30 June 2025
£
Bank loans and overdrafts 150,000
Other loans 143,333
Amounts owed to group undertakings 206,329
Other creditors 8,874
Taxation and social security 10,125
518,661
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Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
Other loans comprise unsecured loan notes issued as part of the consideration for the acquisition of a subsidiary. The loan notes carry interest at 3% per annum and are repayable in accordance with their terms.
7. Creditors: Amounts Falling Due After More Than One Year
30 June 2025
£
Bank loans 500,000
Other loans 1,356,667
1,856,667
8. Secured Creditors
The company has granted security in favour of Barclays Bank PLC in respect of its banking facilities.
The security comprises fixed and floating charges over the assets of the company, including a floating charge over the whole of the company’s undertaking. The arrangement also includes a negative pledge preventing the company from creating further security over its assets without the lender’s consent.
Of the creditors the following amounts are secured.
30 June 2025
£
Bank loans and overdrafts 650,000
9. Share Capital
30 June 2025
Allotted, called up and fully paid £
530 Ordinary A shares of £ 1 each 530
470 Ordinary B shares of £ 1 each 470
291 Ordinary C shares of £ 1 each 291
1,291
On incorporation, the company issued 1 ordinary share with a nominal value of £1.
On 20 September 2024, the company issued a further 999 ordinary shares of £1 each.
On 16 October 2024, the company issued 291 ordinary C shares of £1 each as part of the consideration for the acquisition of a subsidiary undertaking.
On the same date, the ordinary shares of the company were reclassified into different share classes in accordance with the company’s articles of association, with 530 ordinary shares reclassified as A ordinary shares of £1 each and 470 ordinary shares reclassified as B ordinary shares of £1 each.
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10. Directors Advances, Credits and Guarantees
Included within debtors is an amount of £30,000 advanced to a director of the company.
The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company is under the control of its shareholders and, in the opinion of the directors, there is no ultimate controlling party.
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