Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC334811 J P Walsh G Tyndall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC334811 2023-03-31 OC334811 2024-03-31 OC334811 2023-04-01 2024-03-31 OC334811 frs-core:CurrentFinancialInstruments 2024-03-31 OC334811 frs-core:Non-currentFinancialInstruments 2024-03-31 OC334811 frs-core:ComputerEquipment 2024-03-31 OC334811 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC334811 frs-core:ComputerEquipment 2023-03-31 OC334811 frs-core:FurnitureFittings 2024-03-31 OC334811 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC334811 frs-core:FurnitureFittings 2023-03-31 OC334811 frs-core:NetGoodwill 2024-03-31 OC334811 frs-core:NetGoodwill 2023-04-01 2024-03-31 OC334811 frs-core:NetGoodwill 2023-03-31 OC334811 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC334811 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC334811 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 OC334811 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC334811 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC334811 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC334811 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC334811 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC334811 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC334811 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC334811 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC334811 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC334811 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC334811 2022-03-31 OC334811 2023-03-31 OC334811 2022-04-01 2023-03-31 OC334811 frs-core:CurrentFinancialInstruments 2023-03-31 OC334811 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC334811
Adze LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bryars & Co
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC334811
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 65,499
Tangible Assets 5 - 53,858
- 119,357
CURRENT ASSETS
Debtors 6 605,906 284,741
Cash at bank and in hand 194,266 353,408
800,172 638,149
Creditors: Amounts Falling Due Within One Year 7 (58,769 ) (281,501 )
NET CURRENT ASSETS (LIABILITIES) 741,403 356,648
TOTAL ASSETS LESS CURRENT LIABILITIES 741,403 476,005
NET ASSETS ATTRIBUTABLE TO MEMBERS 741,403 476,005
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 113,328 146,382
Other amounts 628,075 329,623
741,403 476,005
741,403 476,005
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 741,403 476,005
741,403 476,005
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
J P Walsh
Designated Member
30/10/2024
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
Adze LLP is a limited liability partnership, incorporated in England & Wales, registered number OC334811 . The Registered Office is 5 Castle Row, Horticultural Place, London, W4 4JQ.
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 - Goodwill
Goodwill was acquired in 1999 and 2008 and represents the purchase of practices. The partners recognise that according to FRS 102, goodwill should be amortised over a period of years. However, they are of the opinion that the value of the goodwill is constantly maintained at at least its cost by the activities of the partnership. Therefore amortisation is not appropriate and if charged, the accounts would fail to show a true and fair view of the LLP's net assets.
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:
Leasehold Not provided
Motor Vehicles 25% pa on the residual book amount
Fixtures & Fittings 15% pa on the residual net book amount
Computer Equipment 25% pa on cost
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 17 (2023: 17)
17 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 65,499
Disposals (65,499 )
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 65,499
Page 3
Page 4
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 36,726 76,508 23,353 136,587
Disposals (36,726 ) (76,508 ) (23,353 ) (136,587 )
As at 31 March 2024 - - - -
Depreciation
As at 1 April 2023 3,673 58,133 20,923 82,729
Disposals (3,673 ) (58,133 ) (20,923 ) (82,729 )
As at 31 March 2024 - - - -
Net Book Value
As at 31 March 2024 - - - -
As at 1 April 2023 33,053 18,375 2,430 53,858
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,279 141,339
Prepayments and accrued income 111,831 143,402
Other debtors 117,197 -
293,307 284,741
Due after more than one year
Other debtors 312,599 -
312,599 -
605,906 284,741
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,986 6,707
Other taxes and social security 36,883 99,890
Accrued expenses and deferred income 19,900 174,904
58,769 281,501
Page 4