Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 11 July 2022 false 1 August 2023 31 July 2024 31 July 2024 OC443042 Mrs Jayde Clarke Mr Anthony Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC443042 2023-07-31 OC443042 2024-07-31 OC443042 2023-08-01 2024-07-31 OC443042 frs-core:CurrentFinancialInstruments 2024-07-31 OC443042 frs-core:ComputerEquipment 2024-07-31 OC443042 frs-core:ComputerEquipment 2023-08-01 2024-07-31 OC443042 frs-core:ComputerEquipment 2023-07-31 OC443042 frs-core:PlantMachinery 2024-07-31 OC443042 frs-core:PlantMachinery 2023-08-01 2024-07-31 OC443042 frs-core:PlantMachinery 2023-07-31 OC443042 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC443042 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC443042 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC443042 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC443042 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC443042 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC443042 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC443042 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC443042 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC443042 2022-07-10 OC443042 2023-07-31 OC443042 2022-07-11 2023-07-31 OC443042 frs-core:CurrentFinancialInstruments 2023-07-31
Registered number: OC443042
Homely Blinds and Shutters LLP
Unaudited Financial Statements
For The Year Ended 31 July 2024
SIFAR LTD
Unit 14, The Maltings Industrial Estate
Hall Road
Southminster
Essex
CM0 7EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC443042
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,478 -
33,478 -
CURRENT ASSETS
Debtors 5 23,778 17,007
Cash at bank and in hand 19,941 12,302
43,719 29,309
Creditors: Amounts Falling Due Within One Year 6 (38,539 ) (2,422 )
NET CURRENT ASSETS (LIABILITIES) 5,180 26,887
TOTAL ASSETS LESS CURRENT LIABILITIES 38,658 26,887
NET ASSETS ATTRIBUTABLE TO MEMBERS 38,658 26,887
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 30,436 3,984
30,436 3,984
Equity
Members' other interests
Members' capital 8,222 22,903
8,222 22,903
38,658 26,887
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 30,436 3,984
Members' other interests 8,222 22,903
38,658 26,887
Page 1
Page 2
For the year ending 31 July 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 Jayde Clarke
Designated Member
16th 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
Homely Blinds and Shutters LLP is a limited liability partnership, incorporated in England & Wales, registered number OC443042 . The Registered Office is 43 Beckmeadow Way, Mundesley, Norwich, Norfolk, NR11 8LR.
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% on Cost
Computer Equipment 33% on Cost
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 - - -
Additions 33,410 745 34,155
As at 31 July 2024 33,410 745 34,155
Depreciation
As at 1 August 2023 - - -
Provided during the period 557 120 677
As at 31 July 2024 557 120 677
Net Book Value
As at 31 July 2024 32,853 625 33,478
As at 1 August 2023 - - -
Page 3
Page 4
5. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Trade debtors 22,427 16,287
Prepayments and accrued income 1,351 720
23,778 17,007
6. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Trade creditors 1,770 112
Bank loans and overdrafts 783 -
Other loans 30,910 -
VAT 5,076 2,310
38,539 2,422
Page 4