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 OC347332 D J Gorrie W J Nell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC347332 2023-03-31 OC347332 2024-03-31 OC347332 2023-04-01 2024-03-31 OC347332 frs-core:CurrentFinancialInstruments 2024-03-31 OC347332 frs-core:ComputerEquipment 2024-03-31 OC347332 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC347332 frs-core:ComputerEquipment 2023-03-31 OC347332 frs-core:FurnitureFittings 2024-03-31 OC347332 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC347332 frs-core:FurnitureFittings 2023-03-31 OC347332 frs-core:MotorVehicles 2024-03-31 OC347332 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC347332 frs-core:MotorVehicles 2023-03-31 OC347332 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC347332 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC347332 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC347332 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC347332 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC347332 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC347332 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC347332 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC347332 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC347332 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC347332 2022-03-31 OC347332 2023-03-31 OC347332 2022-04-01 2023-03-31 OC347332 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC347332
Graham Gill UK LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Adams Accountancy
Chartered Accountants
Heritage House, 34b North Cray Road
Bexley
Kent
DA5 3LZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC347332
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,896 3,828
12,896 3,828
CURRENT ASSETS
Debtors 5 127,666 166,586
Cash at bank and in hand 367,956 254,965
495,622 421,551
Creditors: Amounts Falling Due Within One Year 6 (51,126 ) (42,313 )
NET CURRENT ASSETS (LIABILITIES) 444,496 379,238
TOTAL ASSETS LESS CURRENT LIABILITIES 457,392 383,066
NET ASSETS ATTRIBUTABLE TO MEMBERS 457,392 383,066
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 457,392 383,066
457,392 383,066
457,392 383,066
TOTAL MEMBERS' INTEREST
Amounts due from members (1,003) (9,259)
Loans and other debts due to members within one year 457,392 383,066
456,389 373,807
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 Profit and Loss Account.
On behalf of the members
W J Nell
Designated Member
09/10/2024
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
Graham Gill UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC347332 . The Registered Office is Heritage House, 34b North Cray Road, Bexley , Kent, DA5 3LZ.
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. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.  These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
2.3. 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.
2.4. 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% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Straight line
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.  Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest or a similar debt instrument.  Debt instruments are subsequently measured at amortised cost.  Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.  All other such investments are subsequently measured at cost less impairment.  Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.  Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date.  If there I objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.  For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assed individually for impairment.  Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.  Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 18,050 27,869 12,051 57,970
Additions 13,700 - 643 14,343
Disposals (6,750 ) - (1,945 ) (8,695 )
As at 31 March 2024 25,000 27,869 10,749 63,618
Depreciation
As at 1 April 2023 17,340 26,551 10,251 54,142
Provided during the period 3,476 330 962 4,768
Disposals (6,243 ) - (1,945 ) (8,188 )
As at 31 March 2024 14,573 26,881 9,268 50,722
Net Book Value
As at 31 March 2024 10,427 988 1,481 12,896
As at 1 April 2023 710 1,318 1,800 3,828
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 120,000 145,511
Other debtors 7,666 21,075
127,666 166,586
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,234 1,021
Other creditors 1,250 33
Taxation and social security 41,642 41,259
51,126 42,313
Page 4