Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31building & carpentry work2022-11-01false00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC330604 2022-11-01 2024-03-31 OC330604 2021-11-01 2022-10-31 OC330604 2024-03-31 OC330604 2022-10-31 OC330604 c:PlantMachinery 2022-11-01 2024-03-31 OC330604 c:PlantMachinery 2024-03-31 OC330604 c:PlantMachinery 2022-10-31 OC330604 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC330604 c:MotorVehicles 2022-11-01 2024-03-31 OC330604 c:MotorVehicles 2024-03-31 OC330604 c:MotorVehicles 2022-10-31 OC330604 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC330604 c:FurnitureFittings 2022-11-01 2024-03-31 OC330604 c:FurnitureFittings 2024-03-31 OC330604 c:FurnitureFittings 2022-10-31 OC330604 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC330604 c:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC330604 c:CurrentFinancialInstruments 2024-03-31 OC330604 c:CurrentFinancialInstruments 2022-10-31 OC330604 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC330604 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 OC330604 d:FRS102 2022-11-01 2024-03-31 OC330604 d:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 OC330604 d:FullAccounts 2022-11-01 2024-03-31 OC330604 d:LimitedLiabilityPartnershipLLP 2022-11-01 2024-03-31 OC330604 d:PartnerLLP1 2022-11-01 2024-03-31 OC330604 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC330604 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-10-31 OC330604 e:PoundSterling 2022-11-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC330604









ACABS LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
ACABS LLP
REGISTERED NUMBER: OC330604

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 October
2024
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,168
4,905

  
3,168
4,905

Current assets
  

Debtors: amounts falling due within one year
 5 
100
-

Cash at bank and in hand
 6 
4,295
30,725

  
4,395
30,725

Creditors: Amounts Falling Due Within One Year
 7 
(4,342)
(8,397)

Net current assets
  
 
 
53
 
 
22,328

Total assets less current liabilities
  
3,221
27,233

  

Net assets
  
3,221
27,233


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
3,221
27,233

  
3,221
27,233


Total members' interests
  

Members' other interests
  
3,221
27,233

  
3,221
27,233

Page 1

 
ACABS LLP
REGISTERED NUMBER: OC330604
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The Members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the Members and were signed on their behalf on 20 September 2024.





................................................
Andrew Johnson
Designated Member

The notes on pages 4 to 7 form part of these financial statements.

ACABS LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.
Page 2

 
ACABS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE PERIOD ENDED 31 MARCH 2024




EQUITY
Members' other interests
Members' capital (classified as equity)
Total

£
£

Members' interests after profit for the period
27,233
27,233

Other division of profits
25,068
25,068

Repayment of capital
(49,080)
(49,080)

Balance at 31 March 2024 
3,221
3,221

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
ACABS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

ACABS LLP was incorporated in England and Wales. The principal activity of the LLP throughout the period was that of building and carpentry work.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits both automatically and discretionarily. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in the Statement of comprehensive income. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.

Page 4

 
ACABS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 5

 
ACABS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The entity has no employees.


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2022
959
13,234
2,822
17,015



At 31 March 2024

959
13,234
2,822
17,015



Depreciation


At 1 November 2022
756
8,967
2,387
12,110


Charge for the period on owned assets
72
1,511
154
1,737



At 31 March 2024

828
10,478
2,541
13,847



Net book value



At 31 March 2024
131
2,756
281
3,168



At 31 October 2022
203
4,267
435
4,905

Page 6

 
ACABS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

31 March
31 October
2024
2022
£
£


Trade debtors
100
-

100
-



6.


Cash and cash equivalents

31 March
31 October
2024
2022
£
£

Cash at bank and in hand
4,295
30,725

4,295
30,725



7.


Creditors: Amounts falling due within one year

31 March
31 October
2024
2022
£
£

Trade creditors
2,080
6,043

Other taxation and social security
-
1,016

Accruals and deferred income
2,262
1,338

4,342
8,397


 
Page 7