Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 OC333998 Mr Samuel Kunda iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC333998 2023-01-31 OC333998 2024-01-31 OC333998 2023-02-01 2024-01-31 OC333998 frs-core:CurrentFinancialInstruments 2024-01-31 OC333998 frs-core:Non-currentFinancialInstruments 2024-01-31 OC333998 frs-core:ComputerEquipment 2024-01-31 OC333998 frs-core:ComputerEquipment 2023-02-01 2024-01-31 OC333998 frs-core:ComputerEquipment 2023-01-31 OC333998 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 OC333998 frs-core:FurnitureFittings 2024-01-31 OC333998 frs-core:FurnitureFittings 2023-02-01 2024-01-31 OC333998 frs-core:FurnitureFittings 2023-01-31 OC333998 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 OC333998 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 OC333998 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 OC333998 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 OC333998 frs-core:MotorVehicles 2024-01-31 OC333998 frs-core:MotorVehicles 2023-02-01 2024-01-31 OC333998 frs-core:MotorVehicles 2023-01-31 OC333998 frs-core:OtherResidualIntangibleAssets 2024-01-31 OC333998 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 OC333998 frs-core:OtherResidualIntangibleAssets 2023-01-31 OC333998 frs-bus:LimitedLiabilityPartnershipLLP 2023-02-01 2024-01-31 OC333998 frs-bus:LimitedLiabilityPartnershipsSORP 2023-02-01 2024-01-31 OC333998 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 OC333998 frs-bus:SmallEntities 2023-02-01 2024-01-31 OC333998 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 OC333998 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 OC333998 frs-countries:EnglandWales 2023-02-01 2024-01-31 OC333998 frs-bus:PartnerLLP1 2023-02-01 2024-01-31 OC333998 2022-01-31 OC333998 2023-01-31 OC333998 2022-02-01 2023-01-31 OC333998 frs-core:CurrentFinancialInstruments 2023-01-31 OC333998 frs-core:Non-currentFinancialInstruments 2023-01-31
Registered number: OC333998
Moving Arts Design and Technology LLP
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC333998
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 (13,910 ) (11,128 )
Tangible Assets 5 335,010 355,112
321,100 343,984
CURRENT ASSETS
Stocks 6 35,629 35,629
Debtors 7 14,391 (10,270 )
Investments 8 18,919 18,919
68,939 44,278
Creditors: Amounts Falling Due Within One Year 9 (36,193 ) (121,248 )
NET CURRENT ASSETS (LIABILITIES) 32,746 (76,970 )
TOTAL ASSETS LESS CURRENT LIABILITIES 353,846 267,014
Creditors: Amounts Falling Due After More Than One Year 10 (348,639 ) (246,918 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 5,207 20,096
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 49,939 48,170
49,939 48,170
Equity
Members' other interests
Members' capital 20,274 20,074
Other reserves (65,006) (48,148)
(44,732) (28,074)
5,207 20,096
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 49,939 48,170
Members' other interests (44,732) (28,074)
5,207 20,096
Page 1
Page 2
For the year ending 31 January 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 Samuel Kunda
Designated Member
23/09/2024
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
Moving Arts Design and Technology LLP is a limited liability partnership, incorporated in England & Wales, registered number OC333998 . The Registered Office is Building 3 North London Business Park, Oakleigh Road South, London, N11 1GN.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 0
Leasehold 354736.00
Motor Vehicles 12776.44
Fixtures & Fittings 376.24
Computer Equipment 0
2.5. 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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Intangible Assets
Other
£
Amortisation
As at 1 February 2023 11,128
Provided during the period 2,782
As at 31 January 2024 13,910
Net Book Value
As at 31 January 2024 (13,910 )
As at 1 February 2023 (11,128 )
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 354,736 12,776 376 1,439 369,327
As at 31 January 2024 354,736 12,776 376 1,439 369,327
Depreciation
As at 1 February 2023 - 12,776 - 1,439 14,215
Provided during the period - 20,102 - - 20,102
As at 31 January 2024 - 32,878 - 1,439 34,317
Net Book Value
As at 31 January 2024 354,736 (20,102 ) 376 - 335,010
As at 1 February 2023 354,736 - 376 - 355,112
6. Stocks
2024 2023
£ £
Finished goods 35,629 35,629
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors (4,378 ) (11,452 )
Other debtors 752 912
VAT 18,017 -
14,391 (10,540 )
Due after more than one year
Other debtors - 270
14,391 (10,270 )
Page 4
Page 5
8. Current Asset Investments
2024 2023
£ £
Listed investments 18,318 18,318
Other investments, held for sale 601 601
18,919 18,919
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (43,747 ) 29,392
Bank loans and overdrafts 79,940 78,395
VAT - 13,461
36,193 121,248
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 348,639 281,668
Other creditors - (34,750 )
348,639 246,918
Page 5