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 OC416078 Mr Anand Doobay Ms Christina Russell Ms Sharon Persaud Mr Jago Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC416078 2023-03-31 OC416078 2024-03-31 OC416078 2023-04-01 2024-03-31 OC416078 frs-core:CurrentFinancialInstruments 2024-03-31 OC416078 frs-core:FurnitureFittings 2024-03-31 OC416078 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC416078 frs-core:FurnitureFittings 2023-03-31 OC416078 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC416078 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC416078 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC416078 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC416078 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC416078 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC416078 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC416078 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC416078 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC416078 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC416078 frs-bus:PartnerLLP4 2023-04-01 2024-03-31 OC416078 2022-03-31 OC416078 2023-03-31 OC416078 2022-04-01 2023-03-31 OC416078 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC416078
Boutique Law LLP
Financial Statements
For The Year Ended 31 March 2024
Philip Friede & Co
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC416078
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,915 13,522
10,915 13,522
CURRENT ASSETS
Stocks 5 88,960 224,397
Debtors 6 772,899 246,470
Cash at bank and in hand 588,288 452,753
1,450,147 923,620
Creditors: Amounts Falling Due Within One Year 7 (193,452 ) (142,797 )
NET CURRENT ASSETS (LIABILITIES) 1,256,695 780,823
TOTAL ASSETS LESS CURRENT LIABILITIES 1,267,610 794,345
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,267,610 794,345
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 1,248 1,248
Other amounts 1,628,849 1,155,584
1,630,097 1,156,832
Equity
Members' other interests
Other reserves (362,487) (362,487)
(362,487) (362,487)
1,267,610 794,345
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,630,097 1,156,832
Members' other interests (362,487) (362,487)
1,267,610 794,345
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 Anand Doobay
Designated Member
21 October 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
Boutique Law LLP is a limited liability partnership, incorporated in England & Wales, registered number OC416078 . The Registered Office is Ground Floor West, 9 Gray's Inn Square, London, WC1R 5JD.
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:
Fixtures & Fittings 33%
2.4. 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: 5 (2023: 5)
5 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 39,092
Additions 4,213
As at 31 March 2024 43,305
Depreciation
As at 1 April 2023 25,570
Provided during the period 6,820
As at 31 March 2024 32,390
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 10,915
As at 1 April 2023 13,522
5. Stocks
2024 2023
£ £
Work in progress 88,960 224,397
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 729,679 224,336
Prepayments and accrued income 43,220 22,134
772,899 246,470
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,217 13,140
Other taxes and social security 10,667 21,095
VAT 100,162 95,077
Other creditors 7,247 -
Accruals and deferred income 19,159 13,485
193,452 142,797
Page 4