Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC324194 Mr M Norton Mr N Spawton Mr D Welbourne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC324194 2023-03-31 OC324194 2024-03-31 OC324194 2023-04-01 2024-03-31 OC324194 frs-core:CurrentFinancialInstruments 2024-03-31 OC324194 frs-core:BetweenOneFiveYears 2024-03-31 OC324194 frs-core:ComputerEquipment 2024-03-31 OC324194 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC324194 frs-core:ComputerEquipment 2023-03-31 OC324194 frs-core:FurnitureFittings 2024-03-31 OC324194 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC324194 frs-core:FurnitureFittings 2023-03-31 OC324194 frs-core:PlantMachinery 2024-03-31 OC324194 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC324194 frs-core:PlantMachinery 2023-03-31 OC324194 frs-core:WithinOneYear 2024-03-31 OC324194 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC324194 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC324194 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC324194 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC324194 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC324194 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC324194 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC324194 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC324194 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC324194 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC324194 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC324194 2022-03-31 OC324194 2023-03-31 OC324194 2022-04-01 2023-03-31 OC324194 frs-core:CurrentFinancialInstruments 2023-03-31 OC324194 frs-core:BetweenOneFiveYears 2023-03-31 OC324194 frs-core:WithinOneYear 2023-03-31 OC324194 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: OC324194
Gray Baynes & Shew LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC324194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,859 17,821
14,859 17,821
CURRENT ASSETS
Debtors 5 581,838 620,554
Cash at bank and in hand 47,454 17,414
629,292 637,968
Creditors: Amounts Falling Due Within One Year 6 (279,577 ) (215,787 )
NET CURRENT ASSETS (LIABILITIES) 349,715 422,181
TOTAL ASSETS LESS CURRENT LIABILITIES 364,574 440,002
NET ASSETS ATTRIBUTABLE TO MEMBERS 364,574 440,002
REPRESENTED BY:
Loans and other debts due to members
Other amounts 234,574 290,002
234,574 290,002
Equity
Members' other interests
Members' capital 130,000 150,000
130,000 150,000
364,574 440,002
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 234,574 290,002
Members' other interests 130,000 150,000
364,574 440,002
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 Profit and Loss Account.
On behalf of the members
Mr D Welbourne
Designated Member
2 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gray Baynes & Shew LLP is a limited liability partnership, incorporated in England & Wales, registered number OC324194 . The Registered Office is St Thomas House, 6 Becket Street, Oxford, OX1 1PP.
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 Limited Liability Partnership. Monetary amounts in these financial statements are rounded to the nearest £.
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 rendering of services. 
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:
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 - 30,228 40,270 70,498
Additions - 222 7,392 7,614
As at 31 March 2024 - 30,450 47,662 78,112
Depreciation
As at 1 April 2023 - 30,166 22,511 52,677
Provided during the period - 95 10,481 10,576
As at 31 March 2024 - 30,261 32,992 63,253
Net Book Value
As at 31 March 2024 - 189 14,670 14,859
As at 1 April 2023 - 62 17,759 17,821
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 425,729 479,374
Prepayments and accrued income 156,109 141,180
581,838 620,554
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 82,004 58,458
Bank loans and overdrafts 48,646 35,521
Other taxes and social security 11,899 10,622
VAT 85,379 88,723
Accrued defined contribution payments 2,220 1,929
Accruals and deferred income 49,429 20,534
279,577 215,787
7. Other Commitments
At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024 2023
£ £
Not later than one year 77,000 77,000
Later than one year and not later than five years 36,918 113,918
113,918 190,918
Page 4