Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC391513 Mr D Powell Mrs J Powell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC391513 2023-03-31 OC391513 2024-03-31 OC391513 2023-04-01 2024-03-31 OC391513 frs-core:CurrentFinancialInstruments 2024-03-31 OC391513 frs-core:Non-currentFinancialInstruments 2024-03-31 OC391513 frs-core:BetweenOneFiveYears 2024-03-31 OC391513 frs-core:ComputerEquipment 2024-03-31 OC391513 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC391513 frs-core:ComputerEquipment 2023-03-31 OC391513 frs-core:FurnitureFittings 2024-03-31 OC391513 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC391513 frs-core:FurnitureFittings 2023-03-31 OC391513 frs-core:MotorVehicles 2024-03-31 OC391513 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC391513 frs-core:MotorVehicles 2023-03-31 OC391513 frs-core:PlantMachinery 2024-03-31 OC391513 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC391513 frs-core:PlantMachinery 2023-03-31 OC391513 frs-core:WithinOneYear 2024-03-31 OC391513 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC391513 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC391513 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC391513 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC391513 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC391513 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC391513 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC391513 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC391513 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC391513 2022-03-31 OC391513 2023-03-31 OC391513 2022-04-01 2023-03-31 OC391513 frs-core:CurrentFinancialInstruments 2023-03-31 OC391513 frs-core:Non-currentFinancialInstruments 2023-03-31 OC391513 frs-core:BetweenOneFiveYears 2023-03-31 OC391513 frs-core:WithinOneYear 2023-03-31
Registered number: OC391513
Atlantic Print Media LLP
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: OC391513
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,762 31,518
23,762 31,518
CURRENT ASSETS
Debtors 5 8,695 5,347
Cash at bank and in hand 8,088 8,202
16,783 13,549
Creditors: Amounts Falling Due Within One Year 6 (36,233 ) (46,047 )
NET CURRENT ASSETS (LIABILITIES) (19,450 ) (32,498 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,312 (980 )
Creditors: Amounts Falling Due After More Than One Year 7 (17,211 ) (1,547 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (12,899 ) (2,527 )
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability (12,899) (2,527)
(12,899) (2,527)
(12,899) (2,527)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members (12,899) (2,527)
(12,899) (2,527)
Page 1
Page 2
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 Income Statement.
On behalf of the members
Mr D Powell
Designated Member
Mrs J Powell
Designated Member
01/08/2024
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
Atlantic Print Media LLP is a limited liability partnership, incorporated in England & Wales, registered number OC391513 . The Registered Office is Office 43, The Cobalt Bldg, 1600 Eureka Park, Lower Pemberton, Ashford, Kent, TN25 4BF.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% 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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 8,856 63,882 6,567 7,108 86,413
As at 31 March 2024 8,856 63,882 6,567 7,108 86,413
Depreciation
As at 1 April 2023 6,854 36,733 4,935 6,373 54,895
Provided during the period 401 6,787 326 242 7,756
As at 31 March 2024 7,255 43,520 5,261 6,615 62,651
Net Book Value
As at 31 March 2024 1,601 20,362 1,306 493 23,762
As at 1 April 2023 2,002 27,149 1,632 735 31,518
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,074 5,347
Other debtors 1,621 -
8,695 5,347
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,007 12,730
Trade creditors 1,327 3,330
Bank loans and overdrafts 1,547 2,200
Tesco loan 3,247 -
Other creditors 13,486 14,375
Taxation and social security 13,619 13,412
36,233 46,047
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,483 -
Tesco loan long term 8,728 1,547
17,211 1,547
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,007 12,730
Later than one year and not later than five years 8,483 -
11,490 12,730
11,490 12,730
Page 5