Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2023 1 July 2022 false 1 July 2023 31 March 2024 31 March 2024 OC375378 Mr D W Haley Mrs J H Haley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC375378 2023-06-30 OC375378 2024-03-31 OC375378 2023-07-01 2024-03-31 OC375378 frs-core:CurrentFinancialInstruments 2024-03-31 OC375378 frs-core:Non-currentFinancialInstruments 2024-03-31 OC375378 frs-core:BetweenOneFiveYears 2024-03-31 OC375378 frs-core:MotorVehicles 2024-03-31 OC375378 frs-core:MotorVehicles 2023-07-01 2024-03-31 OC375378 frs-core:MotorVehicles 2023-06-30 OC375378 frs-core:PlantMachinery 2024-03-31 OC375378 frs-core:PlantMachinery 2023-07-01 2024-03-31 OC375378 frs-core:PlantMachinery 2023-06-30 OC375378 frs-core:WithinOneYear 2024-03-31 OC375378 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 OC375378 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-03-31 OC375378 frs-bus:FilletedAccounts 2023-07-01 2024-03-31 OC375378 frs-bus:SmallEntities 2023-07-01 2024-03-31 OC375378 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 OC375378 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 OC375378 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC375378 frs-core:UnlistedNon-exchangeTraded 2023-06-30 OC375378 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 OC375378 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC375378 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 OC375378 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC375378 frs-countries:EnglandWales 2023-07-01 2024-03-31 OC375378 frs-bus:PartnerLLP1 2023-07-01 2024-03-31 OC375378 frs-bus:PartnerLLP2 2023-07-01 2024-03-31 OC375378 2022-06-30 OC375378 2023-06-30 OC375378 2022-07-01 2023-06-30 OC375378 frs-core:CurrentFinancialInstruments 2023-06-30 OC375378 frs-core:Non-currentFinancialInstruments 2023-06-30 OC375378 frs-core:BetweenOneFiveYears 2023-06-30 OC375378 frs-core:WithinOneYear 2023-06-30
Registered number: OC375378
Jade Tyres LLP
Unaudited Financial Statements
For the Period 1 July 2023 to 31 March 2024
Simon Laskey Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: OC375378
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,382 61,007
Investments 5 1 1
42,383 61,008
CURRENT ASSETS
Stocks 6 83,432 76,619
Debtors 7 361,338 468,205
444,770 544,824
Creditors: Amounts Falling Due Within One Year 8 (399,131 ) (467,998 )
NET CURRENT ASSETS (LIABILITIES) 45,639 76,826
TOTAL ASSETS LESS CURRENT LIABILITIES 88,022 137,834
Creditors: Amounts Falling Due After More Than One Year 9 (88,022 ) (137,834 )
NET ASSETS ATTRIBUTABLE TO MEMBERS - -
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (18,781) -
Other amounts 18,781 -
- -
TOTAL MEMBERS' INTEREST
Amounts due from members (28,595) (62,762)
(28,595) (62,762)
Page 1
Page 2
For the period ending 31 March 2024 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.
On behalf of the members
Mr D W Haley
Designated Member
18/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jade Tyres LLP is a limited liability partnership, incorporated in England & Wales, registered number OC375378 . The Registered Office is Unit A, Old Cosgrove Road, Old Stratford, Milton Keynes, MK19 6FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
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. 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% Straight line
Motor Vehicles 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 7 (2023: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 22,992 128,066 151,058
Disposals - (30,400 ) (30,400 )
As at 31 March 2024 22,992 97,666 120,658
Depreciation
As at 1 July 2023 22,992 67,059 90,051
Provided during the period - 9,780 9,780
Disposals - (21,555 ) (21,555 )
As at 31 March 2024 22,992 55,284 78,276
Net Book Value
As at 31 March 2024 - 42,382 42,382
As at 1 July 2023 - 61,007 61,007
5. Investments
Unlisted
£
Cost
As at 1 July 2023 1
As at 31 March 2024 1
Provision
As at 1 July 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1
As at 1 July 2023 1
6. Stocks
31 March 2024 30 June 2023
£ £
Stock 83,432 76,619
7. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Trade debtors 183,943 241,095
Other debtors - 15,798
Amounts owed by group undertakings 148,800 148,550
Amounts due from members 28,595 62,762
361,338 468,205
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,323 5,353
Trade creditors 143,108 193,505
Bank loans and overdrafts 225,007 236,998
Other taxes and social security 23,614 27,754
Other creditors 2,079 4,388
399,131 467,998
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 June 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,526 19,628
Bank loans 72,496 118,206
88,022 137,834
10. Obligations Under Finance Leases and Hire Purchase
31 March 2024 30 June 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,323 5,353
Later than one year and not later than five years 15,526 19,628
20,849 24,981
20,849 24,981
Page 5