Acorah Software Products - Accounts Production 15.0.600 false true 30 December 2022 31 December 2021 false 31 December 2022 30 December 2023 30 December 2023 OC318552 Mr John Goddard Mrs Deborah Goodall Mr Nicholas Goodall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC318552 2022-12-30 OC318552 2023-12-30 OC318552 2022-12-31 2023-12-30 OC318552 frs-core:CurrentFinancialInstruments 2023-12-30 OC318552 frs-core:Non-currentFinancialInstruments 2023-12-30 OC318552 frs-core:ComputerEquipment 2023-12-30 OC318552 frs-core:ComputerEquipment 2022-12-31 2023-12-30 OC318552 frs-core:ComputerEquipment 2022-12-30 OC318552 frs-core:FurnitureFittings 2023-12-30 OC318552 frs-core:FurnitureFittings 2022-12-31 2023-12-30 OC318552 frs-core:FurnitureFittings 2022-12-30 OC318552 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-30 OC318552 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 2023-12-30 OC318552 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-30 OC318552 frs-core:MotorVehicles 2023-12-30 OC318552 frs-core:MotorVehicles 2022-12-31 2023-12-30 OC318552 frs-core:MotorVehicles 2022-12-30 OC318552 frs-core:PlantMachinery 2023-12-30 OC318552 frs-core:PlantMachinery 2022-12-31 2023-12-30 OC318552 frs-core:PlantMachinery 2022-12-30 OC318552 frs-bus:LimitedLiabilityPartnershipLLP 2022-12-31 2023-12-30 OC318552 frs-bus:LimitedLiabilityPartnershipsSORP 2022-12-31 2023-12-30 OC318552 frs-bus:FilletedAccounts 2022-12-31 2023-12-30 OC318552 frs-bus:SmallEntities 2022-12-31 2023-12-30 OC318552 frs-bus:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 OC318552 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 OC318552 frs-countries:EnglandWales 2022-12-31 2023-12-30 OC318552 frs-bus:PartnerLLP1 2022-12-31 2023-12-30 OC318552 frs-bus:PartnerLLP2 2022-12-31 2023-12-30 OC318552 frs-bus:PartnerLLP3 2022-12-31 2023-12-30 OC318552 2021-12-30 OC318552 2022-12-30 OC318552 2021-12-31 2022-12-30 OC318552 frs-core:CurrentFinancialInstruments 2022-12-30 OC318552 frs-core:Non-currentFinancialInstruments 2022-12-30 OC318552 frs-core:BetweenOneFiveYears 2022-12-30 OC318552 frs-core:WithinOneYear 2022-12-30
Registered number: OC318552
The Colour Crew LLP
Unaudited Financial Statements
For The Year Ended 30 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC318552
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,605 3,437
1,605 3,437
CURRENT ASSETS
Stocks 5 6,400 6,480
Debtors 6 73,137 105,437
Cash at bank and in hand 16,673 11,166
96,210 123,083
Creditors: Amounts Falling Due Within One Year 7 (169,261 ) (235,778 )
NET CURRENT ASSETS (LIABILITIES) (73,051 ) (112,695 )
TOTAL ASSETS LESS CURRENT LIABILITIES (71,446 ) (109,258 )
Creditors: Amounts Falling Due After More Than One Year 8 (31,667 ) (37,140 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (103,113 ) (146,398 )
REPRESENTED BY:
Equity
Members' other interests
Members' capital (304,784) (250,622)
Other reserves 201,671 104,224
(103,113) (146,398)
TOTAL MEMBERS' INTEREST
Members' other interests (103,113) (146,398)
(103,113) (146,398)
Page 1
Page 2
For the year ending 30 December 2023 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 Nicholas Goodall
Designated Member
1 May 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
The Colour Crew LLP is a limited liability partnership, incorporated in England & Wales, registered number OC318552 . The Registered Office is Unit 6 Ward Road, Mount Farm, Milton Keynes, MK1 1JA.
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:
Freehold 25& straight line
Plant & Machinery 25& straight line
Motor Vehicles 25& straight line
Fixtures & Fittings 25& straight line
Computer Equipment 25& straight line
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 year was: 3 (2022: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 31 December 2022 1,025 322,210 6,000 2,173
As at 30 December 2023 1,025 322,210 6,000 2,173
Depreciation
As at 31 December 2022 1,025 321,061 4,222 2,173
Provided during the period - 962 593 -
As at 30 December 2023 1,025 322,023 4,815 2,173
Net Book Value
As at 30 December 2023 - 187 1,185 -
As at 31 December 2022 - 1,149 1,778 -
Computer Equipment Total
£ £
Cost
As at 31 December 2022 4,484 335,892
As at 30 December 2023 4,484 335,892
Depreciation
As at 31 December 2022 3,974 332,455
Provided during the period 277 1,832
As at 30 December 2023 4,251 334,287
Net Book Value
As at 30 December 2023 233 1,605
As at 31 December 2022 510 3,437
5. Stocks
2023 2022
£ £
Stock 6,400 6,480
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 58,784 88,634
Other debtors 14,353 16,803
73,137 105,437
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 10,932
Trade creditors 38,904 67,070
Bank loans and overdrafts 78,542 96,631
Other creditors 12,474 9,755
Taxation and social security 39,341 51,390
169,261 235,778
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 473
Bank loans 31,667 36,667
31,667 37,140
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 10,932
Later than one year and not later than five years - 473
- 11,405
- 11,405
Page 5