Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 OC368590 Mr John Morris Mrs Jayne Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC368590 2022-12-31 OC368590 2023-12-31 OC368590 2023-01-01 2023-12-31 OC368590 frs-core:CurrentFinancialInstruments 2023-12-31 OC368590 frs-core:Non-currentFinancialInstruments 2023-12-31 OC368590 frs-core:ComputerEquipment 2023-12-31 OC368590 frs-core:ComputerEquipment 2023-01-01 2023-12-31 OC368590 frs-core:ComputerEquipment 2022-12-31 OC368590 frs-core:FurnitureFittings 2023-12-31 OC368590 frs-core:FurnitureFittings 2023-01-01 2023-12-31 OC368590 frs-core:FurnitureFittings 2022-12-31 OC368590 frs-core:MotorVehicles 2023-12-31 OC368590 frs-core:MotorVehicles 2023-01-01 2023-12-31 OC368590 frs-core:MotorVehicles 2022-12-31 OC368590 frs-core:WithinOneYear 2023-12-31 OC368590 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC368590 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC368590 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC368590 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC368590 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC368590 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC368590 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC368590 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC368590 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC368590 2021-12-31 OC368590 2022-12-31 OC368590 2022-01-01 2022-12-31 OC368590 frs-core:CurrentFinancialInstruments 2022-12-31 OC368590 frs-core:Non-currentFinancialInstruments 2022-12-31 OC368590 frs-core:BetweenOneFiveYears 2022-12-31 OC368590 frs-core:MotorVehicles 2022-01-01 2022-12-31 OC368590 frs-core:WithinOneYear 2022-12-31 OC368590 frs-core:OtherReservesSubtotal 2021-12-31
Registered number: OC368590
Metro Financial Solutions LLP
Financial Statements
For The Year Ended 31 December 2023
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: OC368590
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,968 60,882
51,968 60,882
CURRENT ASSETS
Debtors 5 95,138 13,640
Cash at bank and in hand 11,765 11,825
106,903 25,465
Creditors: Amounts Falling Due Within One Year 6 (6,455 ) (11,065 )
NET CURRENT ASSETS (LIABILITIES) 100,448 14,400
TOTAL ASSETS LESS CURRENT LIABILITIES 152,416 75,282
Creditors: Amounts Falling Due After More Than One Year 7 - (6,455 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 152,416 68,827
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 73,803 68,827
Other amounts 78,613 -
152,416 68,827
152,416 68,827
TOTAL MEMBERS' INTEREST
Amounts due from members (95,138) (13,640)
Loans and other debts due to members within one year 152,416 68,827
57,278 55,187
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For the year ending 31 December 2023 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 John Morris
Designated Member
27/10/2024
The notes on pages 4 to 6 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 - 60,277 - 60,277 -
Balance at 1 January 2022 - 60,277 - 60,277 60,277
Members' remuneration charged as an expense, including employment and retirement benefit costs - - 64,622 64,622 64,622
Profit/(loss) for the financial year available for discretionary division among members - - - - -
Members' interests after profit/(loss) for the year - 60,277 64,622 124,899 124,899
Introduced by members - 8,550 - 8,550 8,550
Drawings - - (78,262) (78,262) (78,262)
Amounts due to members - 68,827 - 68,827 -
Amounts due from members - - (13,640) (13,640) -
As at 31 December 2022 and 1 January 2023 - 68,827 (13,640) 55,187 55,187
Members' remuneration charged as an expense, including employment and retirement benefit costs - - 78,613 78,613 78,613
Profit/(loss) for the financial year available for discretionary division among members - - - - -
Members' interests after profit/(loss) for the year - 68,827 64,973 133,800 133,800
Introduced by members - 4,976 - 4,976 4,976
Drawings - - (81,498) (81,498) (81,498)
Amounts due to members - 73,803 78,613 152,416 -
Amounts due from members - - (95,138) (95,138) -
As at 31 December 2023 - 73,803 (16,525) 57,278 57,278
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Page 4
Notes to the Financial Statements
1. General Information
Metro Financial Solutions LLP is a limited liability partnership, incorporated in England & Wales, registered number OC368590 . The Registered Office is 36 Conalan Avenue, Bradway, Sheffield, South Yorkshire, S17 4PG.
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:
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 3 Years straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 96,969 3,199 382 100,550
Additions - - 238 238
Disposals - - (382 ) (382 )
As at 31 December 2023 96,969 3,199 238 100,406
Depreciation
As at 1 January 2023 37,414 1,872 382 39,668
Provided during the period 8,933 199 20 9,152
Disposals - - (382 ) (382 )
As at 31 December 2023 46,347 2,071 20 48,438
Net Book Value
As at 31 December 2023 50,622 1,128 218 51,968
As at 1 January 2023 59,555 1,327 - 60,882
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 32,216 37,901
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 95,138 13,640
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,455 11,065
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 6,455
Page 5
Page 6
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,455 11,065
Later than one year and not later than five years - 6,455
6,455 17,520
6,455 17,520
Page 6