Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 SO302140 Mrs Fern Stewart Ms Nadia Hajjaj-McGuire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO302140 2022-03-31 SO302140 2023-03-31 SO302140 2022-04-01 2023-03-31 SO302140 frs-core:CurrentFinancialInstruments 2023-03-31 SO302140 frs-core:ComputerEquipment 2023-03-31 SO302140 frs-core:ComputerEquipment 2022-04-01 2023-03-31 SO302140 frs-core:ComputerEquipment 2022-03-31 SO302140 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 SO302140 frs-core:FurnitureFittings 2023-03-31 SO302140 frs-core:FurnitureFittings 2022-04-01 2023-03-31 SO302140 frs-core:FurnitureFittings 2022-03-31 SO302140 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 SO302140 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SO302140 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 SO302140 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-03-31 SO302140 frs-core:OtherResidualIntangibleAssets 2023-03-31 SO302140 frs-core:OtherResidualIntangibleAssets 2022-03-31 SO302140 frs-bus:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 SO302140 frs-bus:LimitedLiabilityPartnershipsSORP 2022-04-01 2023-03-31 SO302140 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 SO302140 frs-bus:SmallEntities 2022-04-01 2023-03-31 SO302140 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 SO302140 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SO302140 frs-countries:Scotland 2022-04-01 2023-03-31 SO302140 frs-bus:PartnerLLP1 2022-04-01 2023-03-31 SO302140 frs-bus:PartnerLLP2 2022-04-01 2023-03-31 SO302140 2021-03-31 SO302140 2022-03-31 SO302140 2021-04-01 2022-03-31 SO302140 frs-core:CurrentFinancialInstruments 2022-03-31
Registered number: SO302140
Glasgow Southside Orthodontics Llp
Unaudited Financial Statements
For The Year Ended 31 March 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO302140
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,927 -
5,927 -
CURRENT ASSETS
Debtors 5 62,639 98,039
Cash at bank and in hand 7,877 334,396
70,516 432,435
Creditors: Amounts Falling Due Within One Year 6 (29,109 ) (30,999 )
NET CURRENT ASSETS (LIABILITIES) 41,407 401,436
TOTAL ASSETS LESS CURRENT LIABILITIES 47,334 401,436
NET ASSETS ATTRIBUTABLE TO MEMBERS 47,334 401,436
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,229,299 1,040,062
1,229,299 1,040,062
Equity
Members' other interests
Members' capital (1,498,924) (955,585)
Other reserves 316,959 316,959
(1,181,965) (638,626)
47,334 401,436
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,229,299 1,040,062
Members' other interests (1,181,965) (638,626)
47,334 401,436
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Page 2
For the year ending 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 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
Ms Nadia Hajjaj-McGuire
Designated Member
29th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. 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:
Improvements to property 10% Striaght Line
Leasehold 10% Striaght Line
Fixtures & Fittings 20% Striaght Line
Computer Equipment 33.3% Striaght Line
2. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 11)
11 11
3. Intangible Assets
Other
£
Cost
As at 1 April 2022 5,750
As at 31 March 2023 5,750
Amortisation
As at 1 April 2022 5,750
As at 31 March 2023 5,750
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Page 4
4. Tangible Assets
Land & Property
Improvements to property Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2022 33,621 138,769 24,342 196,732
Additions - 516 8,308 8,824
As at 31 March 2023 33,621 139,285 32,650 205,556
Depreciation
As at 1 April 2022 33,621 138,769 24,342 196,732
Provided during the period - 127 2,770 2,897
As at 31 March 2023 33,621 138,896 27,112 199,629
Net Book Value
As at 31 March 2023 - 389 5,538 5,927
As at 1 April 2022 - - - -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 62,639 98,039
62,639 98,039
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16,413 17,097
Other taxes and social security 5,110 -
Accruals and deferred income 7,586 13,902
29,109 30,999
7. General Information
Glasgow Southside Orthodontics Llp is a limited liability partnership, incorporated in Scotland, registered number SO302140 . The Registered Office is 1st Floor Office Suite,Unit 1, Spiersbridge Business Park, Glasgow, G46 8NL.
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