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 OC411594 S Thorne S P Thorne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC411594 2023-03-31 OC411594 2024-03-31 OC411594 2023-04-01 2024-03-31 OC411594 frs-core:ComputerEquipment 2024-03-31 OC411594 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC411594 frs-core:ComputerEquipment 2023-03-31 OC411594 frs-core:PlantMachinery 2024-03-31 OC411594 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC411594 frs-core:PlantMachinery 2023-03-31 OC411594 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC411594 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC411594 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC411594 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC411594 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC411594 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC411594 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC411594 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC411594 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC411594 2022-03-31 OC411594 2023-03-31 OC411594 2022-04-01 2023-03-31 OC411594 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC411594
FUTUREPOINT ENVIRONMENTAL LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mutu Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC411594
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,082 1,602
1,082 1,602
CURRENT ASSETS
Debtors 5 378 25,976
Cash at bank and in hand 5,334 2,044
5,712 28,020
Creditors: Amounts Falling Due Within One Year 6 (960 ) (480 )
NET CURRENT ASSETS (LIABILITIES) 4,752 27,540
TOTAL ASSETS LESS CURRENT LIABILITIES 5,834 29,142
NET ASSETS ATTRIBUTABLE TO MEMBERS 5,834 29,142
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability (49,581) (49,581)
Other amounts 37,116 29,222
(12,465) (20,359)
Equity
Members' other interests
Members' capital (31,202) -
Members' capital classified as equity 49,501 49,501
18,299 49,501
5,834 29,142
TOTAL MEMBERS' INTEREST
Loans and other debts due to members (12,465) (20,359)
Members' other interests 18,299 49,501
5,834 29,142
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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 Profit and Loss Account.
On behalf of the members
S Thorne
Designated Member
30/09/2024
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
FUTUREPOINT ENVIRONMENTAL LLP is a limited liability partnership, incorporated in England & Wales, registered number OC411594 . The Registered Office is 77 Greenacres, Bath, Somerset, BA1 4NR.
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 over 5 years
Computer Equipment 20% Straight Line
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.
2.5. Members' renumeration
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other amounts'.
2.6. 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.
2.7. Member's capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,089 2,637 3,726
As at 31 March 2024 1,089 2,637 3,726
Depreciation
As at 1 April 2023 860 1,264 2,124
Provided during the period 150 370 520
As at 31 March 2024 1,010 1,634 2,644
Net Book Value
As at 31 March 2024 79 1,003 1,082
As at 1 April 2023 229 1,373 1,602
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 25,628
Other debtors 378 348
378 25,976
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 960 480
7. Loans and other due to members
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up. The balance at the year end was £12,465 (2023; £20,359). 
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