Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 August 2023 31 August 2023 OC387685 Mrs C Myatt Mr A Nelson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC387685 2023-03-31 OC387685 2023-08-31 OC387685 2023-04-01 2023-08-31 OC387685 frs-core:CurrentFinancialInstruments 2023-08-31 OC387685 frs-core:Non-currentFinancialInstruments 2023-08-31 OC387685 frs-core:ComputerEquipment 2023-04-01 2023-08-31 OC387685 frs-core:FurnitureFittings 2023-04-01 2023-08-31 OC387685 frs-core:PlantMachinery 2023-08-31 OC387685 frs-core:PlantMachinery 2023-04-01 2023-08-31 OC387685 frs-core:PlantMachinery 2023-03-31 OC387685 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2023-08-31 OC387685 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2023-08-31 OC387685 frs-bus:FilletedAccounts 2023-04-01 2023-08-31 OC387685 frs-bus:SmallEntities 2023-04-01 2023-08-31 OC387685 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2023-08-31 OC387685 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-08-31 OC387685 frs-countries:EnglandWales 2023-04-01 2023-08-31 OC387685 frs-bus:PartnerLLP1 2023-04-01 2023-08-31 OC387685 frs-bus:PartnerLLP2 2023-04-01 2023-08-31 OC387685 2022-03-31 OC387685 2023-03-31 OC387685 2022-04-01 2023-03-31 OC387685 frs-core:CurrentFinancialInstruments 2023-03-31 OC387685 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC387685
Nelson Myatt Solicitors LLP
Unaudited Financial Statements
For the Period 1 April 2023 to 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC387685
31 August 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,142 16,502
16,142 16,502
CURRENT ASSETS
Stocks 5 68,777 44,025
Debtors 6 40,932 102,468
Cash at bank and in hand 13,638 28,209
123,347 174,702
Creditors: Amounts Falling Due Within One Year 7 (65,230 ) (143,466 )
NET CURRENT ASSETS (LIABILITIES) 58,117 31,236
TOTAL ASSETS LESS CURRENT LIABILITIES 74,259 47,738
Creditors: Amounts Falling Due After More Than One Year 8 (23,805 ) (29,151 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 50,454 18,587
REPRESENTED BY:
Equity
Members' other interests
Other reserves 50,454 18,587
50,454 18,587
TOTAL MEMBERS' INTEREST
Members' other interests 50,454 18,587
50,454 18,587
Page 1
Page 2
For the period ending 31 August 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
Mrs C Myatt
Designated Member
Mr A Nelson
Designated Member
31 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
Nelson Myatt Solicitors LLP is a limited liability partnership, incorporated in England & Wales, registered number OC387685 . The Registered Office is Suite 6, Conwy Business Centre, Junction Way, Llandudno Junction, Conwy, LL31 9XX.
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:
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 10 (2023: 11)
10 11
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 32,236
Additions 1,005
As at 31 August 2023 33,241
Depreciation
As at 1 April 2023 15,734
Provided during the period 1,365
As at 31 August 2023 17,099
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 August 2023 16,142
As at 1 April 2023 16,502
5. Stocks
31 August 2023 31 March 2023
£ £
Work in progress 68,777 44,025
6. Debtors
31 August 2023 31 March 2023
£ £
Due within one year
Trade debtors 28,471 18,021
Other debtors 12,461 84,447
40,932 102,468
7. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 March 2023
£ £
Trade creditors 18,844 25,796
Bank loans and overdrafts 13,000 13,000
Other loans - 67,200
Other creditors 3,628 3,914
Taxation and social security 29,758 33,556
65,230 143,466
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2023 31 March 2023
£ £
Bank loans 23,805 29,151
Page 4