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 OC319356 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC319356 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 OC319356 2023-04-30 OC319356 2024-03-31 OC319356 2023-05-01 2024-03-31 OC319356 frs-core:CurrentFinancialInstruments 2024-03-31 OC319356 frs-core:Non-currentFinancialInstruments 2024-03-31 OC319356 frs-core:ComputerEquipment 2024-03-31 OC319356 frs-core:ComputerEquipment 2023-05-01 2024-03-31 OC319356 frs-core:ComputerEquipment 2023-04-30 OC319356 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC319356 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 OC319356 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 OC319356 frs-core:MotorVehicles 2024-03-31 OC319356 frs-core:MotorVehicles 2023-05-01 2024-03-31 OC319356 frs-core:MotorVehicles 2023-04-30 OC319356 frs-core:PlantMachinery 2024-03-31 OC319356 frs-core:PlantMachinery 2023-05-01 2024-03-31 OC319356 frs-core:PlantMachinery 2023-04-30 OC319356 frs-bus:LimitedLiabilityPartnershipLLP 2023-05-01 2024-03-31 OC319356 frs-bus:LimitedLiabilityPartnershipsSORP 2023-05-01 2024-03-31 OC319356 frs-bus:FilletedAccounts 2023-05-01 2024-03-31 OC319356 frs-bus:SmallEntities 2023-05-01 2024-03-31 OC319356 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 OC319356 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 OC319356 frs-countries:EnglandWales 2023-05-01 2024-03-31 OC319356 frs-bus:PartnerLLP1 2023-05-01 2024-03-31 OC319356 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-04-30 OC319356 2022-04-30 OC319356 2023-04-30 OC319356 2022-05-01 2023-04-30 OC319356 frs-core:CurrentFinancialInstruments 2023-04-30 OC319356 frs-core:Non-currentFinancialInstruments 2023-04-30
Registered number: OC319356
The Egryn (Abersoch) Limited Liability Partnership
Unaudited Financial Statements
For the Period 1 May 2023 to 31 March 2024
EOG Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC319356
31 March 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 843,097 833,038
843,097 833,038
CURRENT ASSETS
Stocks 5 450 395
Debtors 6 7,264 3,897
Cash at bank and in hand 16,198 8,730
23,912 13,022
Creditors: Amounts Falling Due Within One Year 7 (5,353 ) (4,803 )
NET CURRENT ASSETS (LIABILITIES) 18,559 8,219
TOTAL ASSETS LESS CURRENT LIABILITIES 861,656 841,257
Creditors: Amounts Falling Due After More Than One Year 8 (22,790 ) (26,834 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 838,866 814,423
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 838,866 814,423
838,866 814,423
838,866 814,423
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 838,866 814,423
838,866 814,423
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
Mrs Lynne Maylor
Partner
21 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
The Egryn (Abersoch) Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number OC319356 . The Registered Office is The Egryn, Lon Sarn Bach, Abersoch, Pwllheli, Gwynedd, LL53 7EE.
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:
Freehold No Depreciation
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 15% Reducing Balance
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 period was: 3 (2023: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 683,872 205,240 52,794 76,537 1,018,443
Additions - 36,761 - - 36,761
As at 31 March 2024 683,872 242,001 52,794 76,537 1,055,204
Depreciation
As at 1 May 2023 - 91,053 37,741 56,611 185,405
Provided during the period - 18,879 4,600 3,223 26,702
As at 31 March 2024 - 109,932 42,341 59,834 212,107
Net Book Value
As at 31 March 2024 683,872 132,069 10,453 16,703 843,097
As at 1 May 2023 683,872 114,187 15,053 19,926 833,038
5. Stocks
31 March 2024 30 April 2023
£ £
Stock 450 395
6. Debtors
31 March 2024 30 April 2023
£ £
Due within one year
Prepayments and accrued income 3,066 3,897
VAT 4,198 -
7,264 3,897
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 April 2023
£ £
Trade creditors 318 366
Bank loans and overdrafts 4,411 4,411
VAT - 26
Accruals and deferred income 624 -
5,353 4,803
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 April 2023
£ £
Bank loans 22,790 26,834
Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
31 March 2024 30 April 2023
£ £
Bank loans 5,146 9,189
Page 5