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 OC309992 Mr S J Clifford Mrs R R Sellwood Mr S T Clifford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC309992 2023-03-31 OC309992 2024-03-31 OC309992 2023-04-01 2024-03-31 OC309992 frs-core:CurrentFinancialInstruments 2024-03-31 OC309992 frs-core:PlantMachinery 2024-03-31 OC309992 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC309992 frs-core:PlantMachinery 2023-03-31 OC309992 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC309992 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC309992 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC309992 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC309992 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC309992 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC309992 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC309992 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC309992 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC309992 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC309992 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC309992 2022-03-31 OC309992 2023-03-31 OC309992 2022-04-01 2023-03-31 OC309992 frs-core:CurrentFinancialInstruments 2023-03-31 OC309992 frs-core:CurrentFinancialInstruments 1 2023-03-31
Clifford Talbot LLP
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC309992
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 562 3,933
562 3,933
CURRENT ASSETS
Debtors 5 181,025 119,879
Cash at bank and in hand 22,803 37,057
203,828 156,936
Creditors: Amounts Falling Due Within One Year 6 (129,111 ) (152,802 )
NET CURRENT ASSETS (LIABILITIES) 74,717 4,134
TOTAL ASSETS LESS CURRENT LIABILITIES 75,279 8,067
NET ASSETS ATTRIBUTABLE TO MEMBERS 75,279 8,067
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 15,244 7,766
Other amounts 60,035 301
75,279 8,067
75,279 8,067
TOTAL MEMBERS' INTEREST
Amounts due from members (132,967) (57,397)
Loans and other debts due to members within one year 75,279 8,067
(57,688) (49,330)
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 S J Clifford
Designated Member
30 July 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
Clifford Talbot LLP is a limited liability partnership, incorporated in England & Wales, registered number OC309992 . The Registered Office is Stoke House , Stoke On Tern, Market Drayton, Shropshire, TF9 2DT.
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% on cost
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 16,854
As at 31 March 2024 16,854
Depreciation
As at 1 April 2023 12,921
Provided during the period 3,371
As at 31 March 2024 16,292
Net Book Value
As at 31 March 2024 562
As at 1 April 2023 3,933
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,058 62,482
Amounts due from members 132,967 57,397
181,025 119,879
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 7,882 24,540
Intercompany 120,459 127,562
Accruals and deferred income 770 700
129,111 152,802
Page 4