Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 OC324075 Miss Amanda Hiley Mr Oliver Goolden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC324075 2023-04-30 OC324075 2024-04-30 OC324075 2023-05-01 2024-04-30 OC324075 frs-core:CurrentFinancialInstruments 2024-04-30 OC324075 frs-core:Non-currentFinancialInstruments 2024-04-30 OC324075 frs-core:ComputerEquipment 2024-04-30 OC324075 frs-core:ComputerEquipment 2023-05-01 2024-04-30 OC324075 frs-core:ComputerEquipment 2023-04-30 OC324075 frs-core:NetGoodwill 2024-04-30 OC324075 frs-core:NetGoodwill 2023-05-01 2024-04-30 OC324075 frs-core:NetGoodwill 2023-04-30 OC324075 frs-core:MotorVehicles 2024-04-30 OC324075 frs-core:MotorVehicles 2023-05-01 2024-04-30 OC324075 frs-core:MotorVehicles 2023-04-30 OC324075 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-04-30 OC324075 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-04-30 OC324075 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 OC324075 frs-bus:SmallEntities 2023-05-01 2024-04-30 OC324075 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 OC324075 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 OC324075 frs-countries:EnglandWales 2023-05-01 2024-04-30 OC324075 frs-bus:PartnerLLP1 2023-05-01 2024-04-30 OC324075 frs-bus:PartnerLLP2 2023-05-01 2024-04-30 OC324075 2022-04-30 OC324075 2023-04-30 OC324075 2022-05-01 2023-04-30 OC324075 frs-core:CurrentFinancialInstruments 2023-04-30 OC324075 frs-core:Non-currentFinancialInstruments 2023-04-30
Registered number: OC324075
Goolden Designs LLP
Unaudited Financial Statements
For The Year Ended 30 April 2024
GC Accounting Ltd
FMAAT
42 Green Lane Avenue
Street
BA16 0QU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC324075
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 35,000 40,000
Tangible Assets 5 14,684 22,180
49,684 62,180
CURRENT ASSETS
Stocks 6 5,600 3,500
Debtors 7 4,050 29,315
9,650 32,815
Creditors: Amounts Falling Due Within One Year 8 (27,149 ) (35,314 )
NET CURRENT ASSETS (LIABILITIES) (17,499 ) (2,499 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,185 59,681
Creditors: Amounts Falling Due After More Than One Year 9 (4,381 ) (8,369 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 27,804 51,312
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 27,804 51,312
27,804 51,312
27,804 51,312
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 27,804 51,312
27,804 51,312
Page 1
Page 2
For the year ending 30 April 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
Miss Amanda Hiley
Designated Member
Mr Oliver Goolden
Designated Member
10th October 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
Goolden Designs LLP is a limited liability partnership, incorporated in England & Wales, registered number OC324075 . The Registered Office is 62, Vestry Road , Street, Somerset, BA16 0HX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life to a maximm of 10 years.
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:
Motor Vehicles 20% Straight Line
Computer Equipment 33.3% Straight Line
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 50,000
As at 30 April 2024 50,000
Amortisation
As at 1 May 2023 10,000
Provided during the period 5,000
As at 30 April 2024 15,000
Net Book Value
As at 30 April 2024 35,000
As at 1 May 2023 40,000
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 33,134 2,612 35,746
As at 30 April 2024 33,134 2,612 35,746
Depreciation
As at 1 May 2023 13,253 313 13,566
Provided during the period 6,627 869 7,496
As at 30 April 2024 19,880 1,182 21,062
Net Book Value
As at 30 April 2024 13,254 1,430 14,684
As at 1 May 2023 19,881 2,299 22,180
6. Stocks
2024 2023
£ £
Work in progress 5,600 3,500
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,050 29,315
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,093 14,575
Bank loans and overdrafts 20,422 14,401
Other taxes and social security 3,334 5,038
Other creditors 1,300 1,300
27,149 35,314
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,381 8,369
Page 5