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 OC370364 Mr Wayne Taylor Mr Robert Ellway iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC370364 2023-03-31 OC370364 2024-03-31 OC370364 2023-04-01 2024-03-31 OC370364 frs-core:CurrentFinancialInstruments 2024-03-31 OC370364 frs-core:Non-currentFinancialInstruments 2024-03-31 OC370364 frs-core:BetweenOneFiveYears 2024-03-31 OC370364 frs-core:MotorVehicles 2024-03-31 OC370364 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC370364 frs-core:MotorVehicles 2023-03-31 OC370364 frs-core:PlantMachinery 2024-03-31 OC370364 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC370364 frs-core:PlantMachinery 2023-03-31 OC370364 frs-core:WithinOneYear 2024-03-31 OC370364 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC370364 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC370364 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC370364 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC370364 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC370364 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC370364 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC370364 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC370364 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC370364 2022-03-31 OC370364 2023-03-31 OC370364 2022-04-01 2023-03-31 OC370364 frs-core:CurrentFinancialInstruments 2023-03-31 OC370364 frs-core:Non-currentFinancialInstruments 2023-03-31 OC370364 frs-core:BetweenOneFiveYears 2023-03-31 OC370364 frs-core:WithinOneYear 2023-03-31
Registered number: OC370364
E.T. Electrical Partners LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC370364
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,633 23,153
18,633 23,153
CURRENT ASSETS
Debtors 5 27,394 16,330
Cash at bank and in hand 5,631 10,699
33,025 27,029
Creditors: Amounts Falling Due Within One Year 6 (20,556 ) (23,857 )
NET CURRENT ASSETS (LIABILITIES) 12,469 3,172
TOTAL ASSETS LESS CURRENT LIABILITIES 31,102 26,325
Creditors: Amounts Falling Due After More Than One Year 7 (31,102 ) (26,325 )
NET ASSETS ATTRIBUTABLE TO MEMBERS - -
REPRESENTED BY:
TOTAL MEMBERS' INTEREST
Amounts due from members (21,936) (11,229)
(21,936) (11,229)
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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
Mr Robert Ellway
Designated Member
18/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
E.T. Electrical Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC370364 . The Registered Office is 5 Bishop Road, Shurdington, Cheltenham, GL51 4TB.
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 20% reducing balance
Motor Vehicles 25% 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.
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 Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 7,027 28,940 35,967
Additions 1,416 - 1,416
As at 31 March 2024 8,443 28,940 37,383
Depreciation
As at 1 April 2023 5,127 7,687 12,814
Provided during the period 623 5,313 5,936
As at 31 March 2024 5,750 13,000 18,750
Net Book Value
As at 31 March 2024 2,693 15,940 18,633
As at 1 April 2023 1,900 21,253 23,153
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,196 5,101
Other debtors 22,198 11,229
27,394 16,330
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,758 5,758
Trade creditors 5,618 8,966
Bank loans and overdrafts 7,076 3,883
Other creditors 37 2,010
Taxation and social security 2,067 3,240
20,556 23,857
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,516 17,274
Bank loans 19,586 9,051
31,102 26,325
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,758 5,758
Later than one year and not later than five years 11,516 17,274
17,274 23,032
17,274 23,032
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