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 OC369512 Mr A Jennings Mr B Curtis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC369512 2023-03-31 OC369512 2024-03-31 OC369512 2023-04-01 2024-03-31 OC369512 frs-core:CurrentFinancialInstruments 2024-03-31 OC369512 frs-core:FurnitureFittings 2024-03-31 OC369512 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC369512 frs-core:FurnitureFittings 2023-03-31 OC369512 frs-core:MotorVehicles 2024-03-31 OC369512 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC369512 frs-core:MotorVehicles 2023-03-31 OC369512 frs-core:PlantMachinery 2024-03-31 OC369512 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC369512 frs-core:PlantMachinery 2023-03-31 OC369512 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC369512 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC369512 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC369512 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC369512 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC369512 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC369512 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC369512 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC369512 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC369512 2022-03-31 OC369512 2023-03-31 OC369512 2022-04-01 2023-03-31 OC369512 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC369512
B Curtis & Partners LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: OC369512
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,872 32,198
48,872 32,198
CURRENT ASSETS
Stocks 5 8,300 7,200
Debtors 6 47,177 50,508
Cash at bank and in hand 46,312 58,713
101,789 116,421
Creditors: Amounts Falling Due Within One Year 7 (11,073 ) (18,782 )
NET CURRENT ASSETS (LIABILITIES) 90,716 97,639
TOTAL ASSETS LESS CURRENT LIABILITIES 139,588 129,837
NET ASSETS ATTRIBUTABLE TO MEMBERS 139,588 129,837
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 139,588 129,837
139,588 129,837
139,588 129,837
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 139,588 129,837
139,588 129,837
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 Income Statement.
On behalf of the members
Mr A Jennings
Designated Member
28 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
B Curtis & Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC369512 . The Registered Office is 2 Grange Road, Billericay, Essex, CM11 2RB.
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 25% on written down value
Motor Vehicles 25% on written down value
Fixtures & Fittings 25% on written down value
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 directors, during the year was: 14 (2023: 15)
14 15
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 2,876 83,145 2,289 88,310
Additions - 33,675 - 33,675
Disposals - (33,860 ) - (33,860 )
As at 31 March 2024 2,876 82,960 2,289 88,125
Depreciation
As at 1 April 2023 1,999 52,799 1,314 56,112
Provided during the period 220 11,504 244 11,968
Disposals - (28,827 ) - (28,827 )
As at 31 March 2024 2,219 35,476 1,558 39,253
Net Book Value
As at 31 March 2024 657 47,484 731 48,872
As at 1 April 2023 877 30,346 975 32,198
5. Stocks
2024 2023
£ £
Stock 8,300 7,200
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,620 49,982
VAT 557 526
47,177 50,508
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,973 17,732
Accruals and deferred income 1,100 1,050
11,073 18,782
Page 4