Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 October 2021 false 1 April 2023 31 March 2024 31 March 2024 OC311298 Mr Paul Hodges Mrs Jennifer Hodges iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC311298 2023-03-31 OC311298 2024-03-31 OC311298 2023-04-01 2024-03-31 OC311298 frs-core:CurrentFinancialInstruments 2024-03-31 OC311298 frs-core:Non-currentFinancialInstruments 2024-03-31 OC311298 frs-core:BetweenOneFiveYears 2024-03-31 OC311298 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC311298 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC311298 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 OC311298 frs-core:MotorVehicles 2024-03-31 OC311298 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC311298 frs-core:MotorVehicles 2023-03-31 OC311298 frs-core:PlantMachinery 2024-03-31 OC311298 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC311298 frs-core:PlantMachinery 2023-03-31 OC311298 frs-core:WithinOneYear 2024-03-31 OC311298 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC311298 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC311298 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC311298 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC311298 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC311298 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC311298 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC311298 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC311298 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC311298 2021-09-30 OC311298 2023-03-31 OC311298 2021-10-01 2023-03-31 OC311298 frs-core:CurrentFinancialInstruments 2023-03-31 OC311298 frs-core:Non-currentFinancialInstruments 2023-03-31 OC311298 frs-core:BetweenOneFiveYears 2023-03-31 OC311298 frs-core:WithinOneYear 2023-03-31
Registered number: OC311298
PH Fish LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Swann Accounting Limited
First Floor Offices Rock-A-Nore Road
Hastings
TN34 3DW
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC311298
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 217,233 123,995
217,233 123,995
CURRENT ASSETS
Stocks 5 15,000 15,000
Debtors 6 530,844 427,882
Cash at bank and in hand 19,352 1,915
565,196 444,797
Creditors: Amounts Falling Due Within One Year 7 (406,204 ) (400,750 )
NET CURRENT ASSETS (LIABILITIES) 158,992 44,047
TOTAL ASSETS LESS CURRENT LIABILITIES 376,225 168,042
Creditors: Amounts Falling Due After More Than One Year 8 (177,373 ) (92,559 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 198,852 75,483
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 4,300 -
Other amounts 194,552 75,483
198,852 75,483
198,852 75,483
TOTAL MEMBERS' INTEREST
Amounts due from members - (28,906)
Loans and other debts due to members within one year 198,852 75,483
198,852 46,577
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
Mr Paul Hodges
Designated Member
10/10/2024
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
PH Fish LLP is a limited liability partnership, incorporated in England & Wales, registered number OC311298 . The Registered Office is First Floor Offices Rock-A-Nore Road, Hastings, TN34 3DW.
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. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
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% on reducing balance
Motor Vehicles 25% on reducing balance
2.5. 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.
2.6. 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: 9 (2023: 13)
9 13
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 4,808 102,984 294,791 402,583
Additions - - 230,849 230,849
Disposals - - (162,640 ) (162,640 )
As at 31 March 2024 4,808 102,984 363,000 470,792
Depreciation
As at 1 April 2023 - 86,897 191,691 278,588
Provided during the period - 4,022 66,787 70,809
Disposals - - (95,838 ) (95,838 )
As at 31 March 2024 - 90,919 162,640 253,559
Net Book Value
As at 31 March 2024 4,808 12,065 200,360 217,233
As at 1 April 2023 4,808 16,087 103,100 123,995
5. Stocks
31 March 2024 31 March 2023
£ £
Stock 15,000 15,000
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 356,233 267,917
Other debtors 174,611 131,059
Amounts due from members - 28,906
530,844 427,882
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 34,015 25,643
Trade creditors 327,641 320,000
Bank loans and overdrafts 39,441 43,607
Other taxes and social security 416 4,201
Other creditors 2,691 4,549
Accruals and deferred income 2,000 2,750
406,204 400,750
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 163,535 59,116
Bank loans 13,838 33,443
177,373 92,559
9. Secured Creditors
Of the creditors the following amounts are secured.
10. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 34,015 25,643
Later than one year and not later than five years 163,535 59,116
197,550 84,759
197,550 84,759
11. Loans and other debts due to members
Loand and other debts due to members rank pari passu with unsecured creditors. Members' other interests rank pari passu with unsecured creditors.
Page 5