Acorah Software Products - Accounts Production 14.5.601 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 OC375734 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC375734 2022-06-30 OC375734 2023-06-30 OC375734 2022-07-01 2023-06-30 OC375734 frs-core:CurrentFinancialInstruments 2023-06-30 OC375734 frs-core:Non-currentFinancialInstruments 2023-06-30 OC375734 frs-core:ComputerEquipment 2023-06-30 OC375734 frs-core:ComputerEquipment 2022-07-01 2023-06-30 OC375734 frs-core:ComputerEquipment 2022-06-30 OC375734 frs-core:FurnitureFittings 2023-06-30 OC375734 frs-core:FurnitureFittings 2022-07-01 2023-06-30 OC375734 frs-core:FurnitureFittings 2022-06-30 OC375734 frs-core:PlantMachinery 2023-06-30 OC375734 frs-core:PlantMachinery 2022-07-01 2023-06-30 OC375734 frs-core:PlantMachinery 2022-06-30 OC375734 frs-bus:LimitedLiabilityPartnershipLLP 2022-07-01 2023-06-30 OC375734 frs-bus:LimitedLiabilityPartnershipsSORP 2022-07-01 2023-06-30 OC375734 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 OC375734 frs-bus:SmallEntities 2022-07-01 2023-06-30 OC375734 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 OC375734 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 OC375734 frs-countries:EnglandWales 2022-07-01 2023-06-30 OC375734 frs-bus:PartnerLLP1 2022-07-01 2023-06-30 OC375734 2021-06-30 OC375734 2022-06-30 OC375734 2021-07-01 2022-06-30 OC375734 frs-core:CurrentFinancialInstruments 2022-06-30 OC375734 frs-core:Non-currentFinancialInstruments 2022-06-30
Registered number: OC375734
Copeland Yussuf LLP
Unaudited Financial Statements
For The Year Ended 30 June 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC375734
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,295 3,877
3,295 3,877
CURRENT ASSETS
Debtors 5 169,050 171,897
Cash at bank and in hand 55,939 139,700
224,989 311,597
Creditors: Amounts Falling Due Within One Year 6 (23,212 ) (25,416 )
NET CURRENT ASSETS (LIABILITIES) 201,777 286,181
TOTAL ASSETS LESS CURRENT LIABILITIES 205,072 290,058
Creditors: Amounts Falling Due After More Than One Year 7 (36,689 ) (47,338 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 168,383 242,720
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 139,627 -
139,627 -
Equity
Members' other interests
Members' capital (184,025) 29,939
Other reserves 212,781 212,781
28,756 242,720
168,383 242,720
...CONTINUED
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Page 2
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 139,627 -
Members' other interests 28,756 242,720
168,383 242,720
For the year ending 30 June 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 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 Profit and Loss Account.
On behalf of the members
Copeland Yussuf (David Copeland) Ltd
Partner
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
Copeland Yussuf LLP is a limited liability partnership, incorporated in England & Wales, registered number OC375734 . The Registered Office is The Old Barn, Wood Street, Swanley, Kent, BR8 7PA.
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 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 4 (2022: 3)
4 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2022 487 3,774 5,150 9,411
As at 30 June 2023 487 3,774 5,150 9,411
Depreciation
As at 1 July 2022 294 3,051 2,189 5,534
Provided during the period 29 109 444 582
As at 30 June 2023 323 3,160 2,633 6,116
Net Book Value
As at 30 June 2023 164 614 2,517 3,295
As at 1 July 2022 193 723 2,961 3,877
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 3,058
Other debtors 169,050 168,839
169,050 171,897
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,901 8,901
Other taxes and social security 3,972 6,482
VAT 9,849 10,009
Other creditors - 24
Amounts owed to related parties 490 -
23,212 25,416
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 36,689 47,338
36,689 47,338
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8. Related Party Transactions
Included in Debtors are amounts owed from the following companies, all associated by way of being under the control of Mr M Yussuf and Mr D Copeland:
CY Properties Ltd - £153,770.83 (2022 - £153,770.83)
Parr London Sales - £10,179.01 (2021 - £9,087.50)
Talk CPD Ltd - £5,100 (2022 - £5,100)
Included in Other Creditors are amounts owed from the following companies, all associated by way of being under the control of Mr M Yussuf and Mr D Copeland:
CYB Environmental - £490.02 (2022 - £880.25)
During the year rent of £30,833 (2022 - £25,000) was charged by CY Properties Ltd, which was charged at market value and agreed at arms length.
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