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 OC347995 Mr S Abbott Mr A J Skelton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC347995 2023-03-31 OC347995 2024-03-31 OC347995 2023-04-01 2024-03-31 OC347995 frs-core:Non-currentFinancialInstruments 2024-03-31 OC347995 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC347995 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC347995 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC347995 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC347995 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC347995 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 OC347995 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC347995 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC347995 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC347995 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC347995 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC347995 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC347995 2022-03-31 OC347995 2023-03-31 OC347995 2022-04-01 2023-03-31 OC347995 frs-core:Non-currentFinancialInstruments 2023-03-31 OC347995 frs-core:OtherReservesSubtotal 2022-03-31
Registered number: OC347995
Steven Abbott Associates LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
K A Farr & Co
Contents
Page
Abridged Statement of Financial Position 1—2
Reconciliation of Members' Interests 3—4
Notes to the Abridged Financial Statements 4—5
Page 1
Abridged Statement of Financial Position
Registered number: OC347995
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,715 7,709
6,715 7,709
CURRENT ASSETS
Work in progress 57,048 67,921
Debtors 395,780 422,514
452,828 490,435
Creditors: Amounts Falling Due Within One Year (238,906 ) (240,360 )
NET CURRENT ASSETS (LIABILITIES) 213,922 250,075
TOTAL ASSETS LESS CURRENT LIABILITIES 220,637 257,784
Creditors: Amounts Falling Due After More Than One Year (34,673 ) (71,820 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 185,964 185,964
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 185,964 185,964
185,964 185,964
185,964 185,964
TOTAL MEMBERS' INTEREST
Amounts due from members (318,674) (327,783)
Loans and other debts due to members within one year 185,964 185,964
(132,710) (141,819)
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 Income Statement.
All of the LLP's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr S Abbott
Designated Member
Mr A J Skelton
Designated Member
15/10/2024
The notes on page 4 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Members'Capital classified as Debt Other amounts Total Debts Total members' interest
£ £ £ £ £
Amounts due to members - 185,964 22,537 208,501 -
Amounts due from members - - (178,962) (178,962) -
Balance at 1 April 2022 (214,126 ) 185,964 (156,425) 29,539 (184,587)
Profit/(loss) for the financial year available for discretionary division among members 214,126 - - - 214,126
Members' interests after profit/(loss) for the year - 185,964 (156,425) 29,539 29,539
Drawings - - (171,358) (171,358) (171,358)
Amounts due to members - 185,964 - 185,964 -
Amounts due from members - - (327,783) (327,783) -
As at 31 March 2023 and 1 April 2023 - 185,964 (327,783) (141,819) (141,819)
Profit/(loss) for the financial year available for discretionary division among members 207,498 - - - 207,498
Members' interests after profit/(loss) for the year 207,498 185,964 (327,783) (141,819) 65,679
Other divisions of profits (losses) (207,498) - 207,498 207,498 -
Drawings - - (198,389) (198,389) (198,389)
Amounts due to members - 185,964 - 185,964 -
Amounts due from members - - (318,674) (318,674) -
As at 31 March 2024 - 185,964 (318,674) (132,710) (132,710)
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Steven Abbott Associates LLP is a limited liability partnership, incorporated in England & Wales, registered number OC347995 . The Registered Office is Balmoral House, Ackhurst Business Park, Foxhole Road ,Chorley, England, PR7 1NY.
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 25% wdv
Fixtures & Fittings 15% wdv
Computer Equipment 25% wdv
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: 6 (2023: )
6 -
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 42,603
Additions 667
As at 31 March 2024 43,270
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 34,894
Provided during the period 1,661
As at 31 March 2024 36,555
Net Book Value
As at 31 March 2024 6,715
As at 1 April 2023 7,709
Page 5