Adapta Consulting LLP Filleted Accounts Cover
Adapta Consulting LLP
Registered No. OC374383
Information for Filing with the Registrar
31 March 2023
Adapta Consulting LLP Balance Sheet Registrar
at
31 March 2023
Registered No.
OC374383
Notes
2023
2022
£
£
Fixed assets
Tangible assets
5
902
2,514
902
2,514
Current assets
Debtors
6
130,427
184,429
Cash at bank and in hand
88,647
173,674
219,074
358,103
Creditors: Amounts falling due within one year
7
(110,076)
(210,617)
Net current assets
108,998
147,486
Total assets less current liabilities
109,900
150,000
Net assets attributable to members
109,900
150,000
Represented by:
Loans and other debts due to members
150,000
150,000
Members' other interests
Other reserves
(40,100)
-
(40,100)
-
109,900
150,000
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 14 September 2023
And signed on its behalf by designated member:
Accelerize Ltd
Designated member
14 September 2023
Adapta Consulting LLP Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Adapta Consulting LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC374383
Its registered office is:
5 St John's Lane
London
EC1M 4BH
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Furniture, fittings and equipment
33% Straight Line
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Information in relation to members
2023
2022
£
£
Automatic division of profits
(40,100)
106,269
(40,100)
106,269
4
Employees
2023
2022
Number
Number
The average number of persons employed during the year was:
8
8
5
Tangible fixed assets
Plant and machinery
Total
£
£
Cost
At 1 April 2022
19,44419,444
At 31 March 2023
19,44419,444
Depreciation
At 1 April 2022
16,93016,930
Charge for the year
1,6121,612
At 31 March 2023
18,54218,542
Net book values
At 31 March 2023
902902
At 31 March 2022
2,514
2,514
6
Debtors
2023
2022
£
£
Trade debtors
125,635123,191
Other debtors
-4,288
Prepayments and accrued income
4,79256,950
130,427184,429
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
--
Trade creditors
28,143112,419
Other taxes and social security
44,43932,294
Other creditors
1,4981,161
Accruals and deferred income
35,99664,743
110,076210,617
8
Loans and other debts due to members
2023
2022
£
£
Loans from members
150,000
150,000
150,000
150,000
Amounts falling due within one year
150,000
-
150,000
150,000
Adapta Consulting LLPOC37438331 March 202301 April 2022false14 September 2023BTCSoftware AP Solution 2023 10.3.0310.3.03OC3743832022-04-012023-03-31OC3743832023-03-31OC374383countries:UnitedKingdom2022-04-012023-03-31OC374383bus:RegisteredOffice2022-04-012023-03-31OC374383core:FurnitureFittingsToolsEquipment2022-04-012023-03-31OC3743832021-04-012022-03-31OC374383core:PlantMachinery2022-04-01OC3743832022-04-01OC374383core:PlantMachinery2023-03-31OC374383core:PlantMachinery2022-04-012023-03-31OC374383core:PlantMachinery2022-03-31OC3743832022-03-31OC374383core:WithinOneYear2023-03-31OC374383core:WithinOneYear2022-03-31OC374383bus:SmallEntities2022-04-012023-03-31OC374383bus:FullAccounts2022-04-012023-03-31OC374383bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31OC374383bus:PartnerLLP12022-04-012023-03-31OC374383bus:LimitedLiabilityPartnershipLLP2022-04-012023-03-31xbrli:pureiso4217:GBP