Acorah Software Products - Accounts Production 15.0.600 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC374799 Mr George Robert Carter Mrs Claire Selina Carter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC374799 2023-04-05 OC374799 2024-04-05 OC374799 2023-04-06 2024-04-05 OC374799 frs-core:CurrentFinancialInstruments 2024-04-05 OC374799 frs-core:ComputerEquipment 2024-04-05 OC374799 frs-core:ComputerEquipment 2023-04-06 2024-04-05 OC374799 frs-core:ComputerEquipment 2023-04-05 OC374799 frs-core:FurnitureFittings 2024-04-05 OC374799 frs-core:FurnitureFittings 2023-04-06 2024-04-05 OC374799 frs-core:FurnitureFittings 2023-04-05 OC374799 frs-core:PlantMachinery 2024-04-05 OC374799 frs-core:PlantMachinery 2023-04-06 2024-04-05 OC374799 frs-core:PlantMachinery 2023-04-05 OC374799 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC374799 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC374799 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 OC374799 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC374799 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC374799 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC374799 frs-core:CurrentFinancialInstruments 1 2024-04-05 OC374799 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC374799 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC374799 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC374799 2022-04-05 OC374799 2023-04-05 OC374799 2022-04-06 2023-04-05 OC374799 frs-core:CurrentFinancialInstruments 2023-04-05 OC374799 frs-core:CurrentFinancialInstruments 1 2023-04-05 OC374799 frs-core:CurrentFinancialInstruments 2 2023-04-05
Registered number: OC374799
GEORGECO MARKETING SERVICES LLP
Unaudited Financial Statements
For The Year Ended 5 April 2024
Accountancy Extra
33 Harrison Road
Halifax
HX1 2AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC374799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,573 31,111
21,573 31,111
CURRENT ASSETS
Debtors 5 1,157,293 795,710
Cash at bank and in hand 331,051 228,495
1,488,344 1,024,205
Creditors: Amounts Falling Due Within One Year 6 (524,155 ) (543,992 )
NET CURRENT ASSETS (LIABILITIES) 964,189 480,213
TOTAL ASSETS LESS CURRENT LIABILITIES 985,762 511,324
NET ASSETS ATTRIBUTABLE TO MEMBERS 985,762 511,324
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 935,762 461,324
935,762 461,324
Equity
Members' other interests
Members' capital 50,000 50,000
50,000 50,000
985,762 511,324
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 935,762 461,324
Members' other interests 50,000 50,000
985,762 511,324
Page 1
Page 2
For the year ending 5 April 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 George Robert Carter
Designated Member
02/09/2024
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
GEORGECO MARKETING SERVICES LLP is a limited liability partnership, incorporated in England & Wales, registered number OC374799 . The Registered Office is Empire House Lewisham Road, Slaithwaite, Huddersfield, West Yorkshire, England, HD7 5AL.
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 33% on cost
Fixtures & Fittings 33% on reducing balance
Computer Equipment 33% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 6 April 2023 17,133 35,428 15,519 68,080
Additions 2,681 - 2,206 4,887
As at 5 April 2024 19,814 35,428 17,725 72,967
...CONTINUED
Page 3
Page 4
Depreciation
As at 6 April 2023 5,562 25,594 5,813 36,969
Provided during the period 6,082 3,278 5,065 14,425
As at 5 April 2024 11,644 28,872 10,878 51,394
Net Book Value
As at 5 April 2024 8,170 6,556 6,847 21,573
As at 6 April 2023 11,571 9,834 9,706 31,111
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,144,653 773,814
Prepayments and accrued income 12,640 21,896
1,157,293 795,710
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 223,427 337,472
Other taxes and social security 4,143 3,795
VAT 191,040 124,591
Credit card 103,627 76,004
Pensions payable - 867
Accruals and deferred income 1,918 1,263
524,155 543,992
Page 4