Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 31 March 2024 31 March 2024 SO305695 Steven Stewart Gordon Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO305695 2023-06-30 SO305695 2024-03-31 SO305695 2023-07-01 2024-03-31 SO305695 frs-core:CurrentFinancialInstruments 2024-03-31 SO305695 frs-core:Non-currentFinancialInstruments 2024-03-31 SO305695 frs-core:BetweenOneFiveYears 2024-03-31 SO305695 frs-core:FurnitureFittings 2024-03-31 SO305695 frs-core:FurnitureFittings 2023-07-01 2024-03-31 SO305695 frs-core:FurnitureFittings 2023-06-30 SO305695 frs-core:MotorVehicles 2024-03-31 SO305695 frs-core:MotorVehicles 2023-07-01 2024-03-31 SO305695 frs-core:MotorVehicles 2023-06-30 SO305695 frs-core:WithinOneYear 2024-03-31 SO305695 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 SO305695 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-03-31 SO305695 frs-bus:FilletedAccounts 2023-07-01 2024-03-31 SO305695 frs-bus:SmallEntities 2023-07-01 2024-03-31 SO305695 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 SO305695 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 SO305695 frs-countries:Scotland 2023-07-01 2024-03-31 SO305695 frs-bus:PartnerLLP1 2023-07-01 2024-03-31 SO305695 frs-bus:PartnerLLP2 2023-07-01 2024-03-31 SO305695 2022-06-30 SO305695 2023-06-30 SO305695 2022-07-01 2023-06-30 SO305695 frs-core:CurrentFinancialInstruments 2023-06-30 SO305695 frs-core:Non-currentFinancialInstruments 2023-06-30 SO305695 frs-core:BetweenOneFiveYears 2023-06-30 SO305695 frs-core:WithinOneYear 2023-06-30
Registered number: SO305695
Brown & Wallace LLP
Unaudited Financial Statements
For the Period 1 July 2023 to 31 March 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO305695
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 91,311 110,996
91,311 110,996
CURRENT ASSETS
Stocks 5 95,652 72,069
Debtors 6 362,647 325,149
Cash at bank and in hand 269,255 287,286
727,554 684,504
Creditors: Amounts Falling Due Within One Year 7 (216,021 ) (269,749 )
NET CURRENT ASSETS (LIABILITIES) 511,533 414,755
TOTAL ASSETS LESS CURRENT LIABILITIES 602,844 525,751
Creditors: Amounts Falling Due After More Than One Year 8 - (14,002 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 602,844 511,749
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 602,844 511,749
602,844 511,749
602,844 511,749
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 602,844 511,749
602,844 511,749
Page 1
Page 2
For the period 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
Gordon Brown
Designated Member
29/08/2024
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
Brown & Wallace LLP is a limited liability partnership, incorporated in Scotland, registered number SO305695 . The Registered Office is 22 James Morrison Street, Glasgow, G1 5PE.
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 rendering of services.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 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. 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: 21 (2023: 24)
21 24
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 131,008 162,222 293,230
Additions - 1,387 1,387
As at 31 March 2024 131,008 163,609 294,617
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 32,752 149,482 182,234
Provided during the period 18,423 2,649 21,072
As at 31 March 2024 51,175 152,131 203,306
Net Book Value
As at 31 March 2024 79,833 11,478 91,311
As at 1 July 2023 98,256 12,740 110,996
5. Stocks
31 March 2024 30 June 2023
£ £
Work in progress 95,652 72,069
6. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Trade debtors 362,647 325,149
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,003 24,003
Other taxes and social security 29,302 23,801
VAT 139,225 146,622
Amount due to former member 15,804 64,404
Accruals and deferred income 11,687 10,919
216,021 269,749
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 June 2023
£ £
Net obligations under finance lease and hire purchase contracts - 14,002
9. Obligations Under Finance Leases and Hire Purchase
31 March 2024 30 June 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 20,003 24,003
Later than one year and not later than five years - 14,002
20,003 38,005
20,003 38,005
Page 4