Acorah Software Products - Accounts Production 15.0.400 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC301862 Mrs J S Cambridge Mr P E Cambridge Mr S G Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC301862 2023-04-05 OC301862 2024-04-05 OC301862 2023-04-06 2024-04-05 OC301862 frs-core:CurrentFinancialInstruments 2024-04-05 OC301862 frs-core:BetweenOneFiveYears 2024-04-05 OC301862 frs-core:ComputerEquipment 2024-04-05 OC301862 frs-core:ComputerEquipment 2023-04-06 2024-04-05 OC301862 frs-core:ComputerEquipment 2023-04-05 OC301862 frs-core:FurnitureFittings 2024-04-05 OC301862 frs-core:FurnitureFittings 2023-04-06 2024-04-05 OC301862 frs-core:FurnitureFittings 2023-04-05 OC301862 frs-core:MoreThanFiveYears 2024-04-05 OC301862 frs-core:MotorVehicles 2024-04-05 OC301862 frs-core:MotorVehicles 2023-04-06 2024-04-05 OC301862 frs-core:MotorVehicles 2023-04-05 OC301862 frs-core:WithinOneYear 2024-04-05 OC301862 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC301862 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC301862 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 OC301862 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC301862 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC301862 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC301862 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC301862 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC301862 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC301862 frs-bus:PartnerLLP3 2023-04-06 2024-04-05 OC301862 2022-04-05 OC301862 2023-04-05 OC301862 2022-04-06 2023-04-05 OC301862 frs-core:CurrentFinancialInstruments 2023-04-05 OC301862 frs-core:BetweenOneFiveYears 2023-04-05 OC301862 frs-core:MoreThanFiveYears 2023-04-05 OC301862 frs-core:WithinOneYear 2023-04-05
Registered number: OC301862
Cambridge Safety Limited Liability Partnership
Unaudited Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC301862
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,872 47,501
43,872 47,501
CURRENT ASSETS
Debtors 5 23,744 14,675
Cash at bank and in hand 72,959 77,152
96,703 91,827
Creditors: Amounts Falling Due Within One Year 6 (95,238 ) (69,752 )
NET CURRENT ASSETS (LIABILITIES) 1,465 22,075
TOTAL ASSETS LESS CURRENT LIABILITIES 45,337 69,576
NET ASSETS ATTRIBUTABLE TO MEMBERS 45,337 69,576
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 45,337 69,576
45,337 69,576
45,337 69,576
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 45,337 69,576
45,337 69,576
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
Mrs J S Cambridge
Designated Member
18 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cambridge Safety Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number OC301862 . The Registered Office is Unit 10 Swan Court, Forder Way, Cygnet Park, Hampton, Peterborough, PE7 8GX.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% reducing balance
Computer Equipment 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. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
2.6. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2.7. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2.9. Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'
2.10.  Interest income
Interest income is recognised in the profit and loss using the effective interest method
2.11. Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members.Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 6 April 2023 106,819 89,008 24,778 220,605
Additions - 4,065 7,382 11,447
Disposals - (2,106 ) (7,491 ) (9,597 )
As at 5 April 2024 106,819 90,967 24,669 222,455
...CONTINUED
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Depreciation
As at 6 April 2023 73,729 79,934 19,441 173,104
Provided during the period 8,272 2,581 2,880 13,733
Disposals - (1,772 ) (6,482 ) (8,254 )
As at 5 April 2024 82,001 80,743 15,839 178,583
Net Book Value
As at 5 April 2024 24,818 10,224 8,830 43,872
As at 6 April 2023 33,090 9,074 5,337 47,501
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,881 5,715
Other debtors 8,863 8,960
23,744 14,675
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,483 9,920
Other creditors 60,916 46,592
Taxation and social security 20,839 13,240
95,238 69,752
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 27,600 27,600
Later than one year and not later than five years 110,400 110,400
Later than five years 34,500 62,100
172,500 200,100
8. Loans and other debts due to members
2024
2023
£
£
Amounts due in respect of profits
45,337
image
69,576
image
45,337
image
69,576
image
Amounts falling due within one year
45,337
image
69,576
image
45,337
image
69,576
image
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
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