Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC344050 Mr Anthony Webster Wickham Ms Catherine Barr iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC344050 2023-03-31 OC344050 2024-03-31 OC344050 2023-04-01 2024-03-31 OC344050 frs-core:CurrentFinancialInstruments 2024-03-31 OC344050 frs-core:Non-currentFinancialInstruments 2024-03-31 OC344050 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC344050 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC344050 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC344050 frs-core:MotorVehicles 2024-03-31 OC344050 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC344050 frs-core:MotorVehicles 2023-03-31 OC344050 frs-core:PlantMachinery 2024-03-31 OC344050 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC344050 frs-core:PlantMachinery 2023-03-31 OC344050 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC344050 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC344050 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC344050 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC344050 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC344050 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC344050 1 2023-04-01 2024-03-31 OC344050 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC344050 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC344050 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC344050 2022-03-31 OC344050 2023-03-31 OC344050 2022-04-01 2023-03-31 OC344050 frs-core:CurrentFinancialInstruments 2023-03-31 OC344050 frs-core:Non-currentFinancialInstruments 2023-03-31 OC344050 1 2022-04-01 2023-03-31
Registered number: OC344050
BWA Design LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: OC344050
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 390,272 422,807
390,272 422,807
CURRENT ASSETS
Debtors 5 79,130 57,743
Cash at bank and in hand 742 7,935
79,872 65,678
Creditors: Amounts Falling Due Within One Year 6 (147,636 ) (156,392 )
NET CURRENT ASSETS (LIABILITIES) (67,764 ) (90,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES 322,508 332,093
Creditors: Amounts Falling Due After More Than One Year 7 (136,035 ) (159,598 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 186,473 172,495
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 88,052 74,074
88,052 74,074
Equity
Members' other interests
Revaluation reserve 98,421 98,421
98,421 98,421
186,473 172,495
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 88,052 74,074
Members' other interests 98,421 98,421
186,473 172,495
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For the year 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 Profit and Loss Account.
On behalf of the members
Mr Anthony Webster Wickham
Designated Member
Ms Catherine Barr
Designated Member
1 August 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
BWA Design LLP is a limited liability partnership, incorporated in England & Wales, registered number OC344050 . The Registered Office is The Byway Castle Lane, Hay On Wye, Hereford, HR3 5FD.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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:
Freehold Over 50 years
Plant and machinery 25% reducing balance
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 profit and loss account 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 profit and loss account as incurred.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
2.6. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
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2.7. Division of profits
Profits are treated as being available for discretionary division only if 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. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
2.8. Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
3. Average Number of Employees
2024 2023
Average number of persons employed by the LLP 3 4
3 4
4. Tangible Assets
Land & Property
Freehold Plant and machinery Motor vehicles Total
£ £ £ £
Cost
As at 1 April 2023 332,195 108,959 150,509 591,663
Additions - 6,188 - 6,188
As at 31 March 2024 332,195 115,147 150,509 597,851
Depreciation
As at 1 April 2023 40,000 42,247 86,609 168,856
Provided during the period 4,000 18,744 15,979 38,723
As at 31 March 2024 44,000 60,991 102,588 207,579
Net Book Value
As at 31 March 2024 288,195 54,156 47,921 390,272
As at 1 April 2023 292,195 66,712 63,900 422,807
Freehold land and buildings historical costs is £226,580 (2022: £226,580)
Freehold property was revalued by the Members in the year ended 31 March 2013 after taking due consideration of similar freeholds in the same condition and location. The members do not believe that there has been any material change in the valuation by the balance sheet date.
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,338 51,101
Other debtors 792 6,642
79,130 57,743
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,190 13,146
Trade creditors 16,855 22,228
Bank loans and overdrafts 41,210 22,666
Other creditors 70,640 96,753
Taxation and social security 5,741 1,599
147,636 156,392
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 43,425 56,944
Bank loans 92,610 102,654
136,035 159,598
Included within creditors falling due after more than one year is an amount of £30,464 (2023: £36,911) in respect of liabilities which fall due for payment after more than five years from the balance sheet date.
8. Related Party Transactions
In the opinion of the members there is no controlling party as defined by financial reporting Standard No 8 "Related party disclosures"
9. Member's participation rights
Member's participation rights are the rights of a member against the LLP that arise under the members' agreement.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amount arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Profit and Loss Account in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Balance Sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among member in the Profit and Loss Accounts and are equity appropriations in the Balance Sheet.

...CONTINUED
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Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balance, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to member that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged as an expense. Amount due to members that are classified as equity are shown in the Balance Sheet within 'Member' other interests'.
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