Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 31 March 2024 31 March 2024 NC000025 Mr R Glenn Kerr Mr Paul Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NC000025 2023-04-30 NC000025 2024-03-31 NC000025 2023-05-01 2024-03-31 NC000025 frs-core:CurrentFinancialInstruments 2024-03-31 NC000025 frs-core:Non-currentFinancialInstruments 2024-03-31 NC000025 frs-core:ComputerEquipment 2024-03-31 NC000025 frs-core:ComputerEquipment 2023-05-01 2024-03-31 NC000025 frs-core:ComputerEquipment 2023-04-30 NC000025 frs-core:FurnitureFittings 2024-03-31 NC000025 frs-core:FurnitureFittings 2023-05-01 2024-03-31 NC000025 frs-core:FurnitureFittings 2023-04-30 NC000025 frs-core:MotorVehicles 2024-03-31 NC000025 frs-core:MotorVehicles 2023-05-01 2024-03-31 NC000025 frs-core:MotorVehicles 2023-04-30 NC000025 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 NC000025 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-03-31 NC000025 frs-bus:FilletedAccounts 2023-05-01 2024-03-31 NC000025 frs-bus:SmallEntities 2023-05-01 2024-03-31 NC000025 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 NC000025 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 NC000025 frs-countries:NorthernIreland 2023-05-01 2024-03-31 NC000025 frs-bus:PartnerLLP1 2023-05-01 2024-03-31 NC000025 frs-bus:PartnerLLP2 2023-05-01 2024-03-31 NC000025 2022-04-30 NC000025 2023-04-30 NC000025 2022-05-01 2023-04-30 NC000025 frs-core:CurrentFinancialInstruments 2023-04-30 NC000025 frs-core:Non-currentFinancialInstruments 2023-04-30
Registered number: NC000025
Taylor and Boyd LLP
Unaudited Financial Statements
For the Period 1 May 2023 to 31 March 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NC000025
31 March 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,085 21,773
26,085 21,773
CURRENT ASSETS
Debtors 5 1,049,415 1,002,901
Cash at bank and in hand 73,154 85,943
1,122,569 1,088,844
Creditors: Amounts Falling Due Within One Year 6 (196,934 ) (193,402 )
NET CURRENT ASSETS (LIABILITIES) 925,635 895,442
TOTAL ASSETS LESS CURRENT LIABILITIES 951,720 917,215
Creditors: Amounts Falling Due After More Than One Year 7 (16,855 ) (25,892 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 934,865 891,323
REPRESENTED BY:
Loans and other debts due to members
Other amounts 442,710 -
442,710 -
Equity
Members' other interests
Members' capital 492,155 891,323
492,155 891,323
934,865 891,323
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 442,710 -
Members' other interests 492,155 891,323
934,865 891,323
Page 1
Page 2
For the period 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 R Glenn Kerr
Designated Member
20 September 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
Taylor and Boyd LLP is a limited liability partnership, incorporated in Northern Ireland, registered number NC000025 . The Registered Office is 107 Malone Avenue, Belfast, Co. Antrim, BT9 6EQ.
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:
Motor Vehicles 25% on cost and 25% on reducing balance
Fixtures & Fittings 25% on cost and 25% on reducing balance
Computer Equipment 25% on cost and 25% on reducing balance
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. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 36 (2023: 32)
36 32
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 21,450 19,168 107,351 147,969
Additions - 1,262 17,138 18,400
As at 31 March 2024 21,450 20,430 124,489 166,369
Depreciation
As at 1 May 2023 20,941 17,844 87,411 126,196
Provided during the period 117 698 13,273 14,088
As at 31 March 2024 21,058 18,542 100,684 140,284
Net Book Value
As at 31 March 2024 392 1,888 23,805 26,085
As at 1 May 2023 509 1,324 19,940 21,773
5. Debtors
31 March 2024 30 April 2023
£ £
Due within one year
Trade debtors 465,979 412,841
Amounts recoverable on contracts 139,140 161,475
Other debtors 444,296 428,585
1,049,415 1,002,901
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 April 2023
£ £
Trade creditors 28,916 15,836
Bank loans and overdrafts 13,785 10,651
Other creditors 27,620 11,570
Taxation and social security 126,613 155,345
196,934 193,402
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 April 2023
£ £
Bank loans 16,855 25,892
Page 4