Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 31 March 2024 31 March 2024 OC383298 Mr Mark Overend Mr Lee Kaznowski Mr John Oddy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC383298 2023-06-30 OC383298 2024-03-31 OC383298 2023-07-01 2024-03-31 OC383298 frs-core:CurrentFinancialInstruments 2024-03-31 OC383298 frs-core:Non-currentFinancialInstruments 2024-03-31 OC383298 frs-core:ComputerEquipment 2024-03-31 OC383298 frs-core:ComputerEquipment 2023-07-01 2024-03-31 OC383298 frs-core:ComputerEquipment 2023-06-30 OC383298 frs-core:FurnitureFittings 2024-03-31 OC383298 frs-core:FurnitureFittings 2023-07-01 2024-03-31 OC383298 frs-core:FurnitureFittings 2023-06-30 OC383298 frs-core:NetGoodwill 2024-03-31 OC383298 frs-core:NetGoodwill 2023-07-01 2024-03-31 OC383298 frs-core:NetGoodwill 2023-06-30 OC383298 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC383298 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-03-31 OC383298 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 OC383298 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 OC383298 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-03-31 OC383298 frs-bus:FilletedAccounts 2023-07-01 2024-03-31 OC383298 frs-bus:SmallEntities 2023-07-01 2024-03-31 OC383298 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 OC383298 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 OC383298 frs-countries:EnglandWales 2023-07-01 2024-03-31 OC383298 frs-bus:PartnerLLP1 2023-07-01 2024-03-31 OC383298 frs-bus:PartnerLLP2 2023-07-01 2024-03-31 OC383298 frs-bus:PartnerLLP3 2023-07-01 2024-03-31 OC383298 2022-06-30 OC383298 2023-06-30 OC383298 2022-07-01 2023-06-30 OC383298 frs-core:CurrentFinancialInstruments 2023-06-30 OC383298 frs-core:Non-currentFinancialInstruments 2023-06-30
Registered number: OC383298
Ascentis Accountants LLP
Unaudited Financial Statements
For the Period 1 July 2023 to 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC383298
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 32,868 28,722
32,868 28,722
CURRENT ASSETS
Debtors 6 367,708 434,083
Cash at bank and in hand 45,410 46,588
413,118 480,671
Creditors: Amounts Falling Due Within One Year 7 (159,021 ) (93,284 )
NET CURRENT ASSETS (LIABILITIES) 254,097 387,387
TOTAL ASSETS LESS CURRENT LIABILITIES 286,965 416,109
Creditors: Amounts Falling Due After More Than One Year 8 (180,484 ) (22,326 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 106,481 393,783
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 39,830 330,000
Other amounts 66,651 63,783
106,481 393,783
106,481 393,783
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 106,481 393,783
106,481 393,783
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
Mr Lee Kaznowski
Designated Member
6 September 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
Ascentis Accountants LLP is a limited liability partnership, incorporated in England & Wales, registered number OC383298 . The Registered Office is The Octagon, Wells Road, Ilkley, West Yorkshire, LS29 9JB.
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 is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 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:
Leasehold Over the term of the lease
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% on cost
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was:
31 March 2024 30 June 2023
Office and administration 9 10
9 10
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 150,000
As at 31 March 2024 150,000
Amortisation
As at 1 July 2023 150,000
As at 31 March 2024 150,000
Net Book Value
As at 31 March 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 22,073 22,375 23,397 67,845
Additions - - 12,245 12,245
As at 31 March 2024 22,073 22,375 35,642 80,090
Depreciation
As at 1 July 2023 10,303 11,049 17,771 39,123
Provided during the period 1,327 1,485 5,287 8,099
As at 31 March 2024 11,630 12,534 23,058 47,222
Net Book Value
As at 31 March 2024 10,443 9,841 12,584 32,868
As at 1 July 2023 11,770 11,326 5,626 28,722
6. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Trade debtors 47,338 69,475
Prepayments and accrued income 19,208 13,614
Other debtors - 47,182
66,546 130,271
Due after more than one year
Amounts due from members 301,162 303,812
301,162 303,812
367,708 434,083
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Trade creditors 41,883 18,869
Bank loans and overdrafts 61,028 10,174
Other creditors 12,083 8,384
Taxation and social security 44,027 55,857
159,021 93,284
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 June 2023
£ £
Bank loans 180,484 22,326
180,484 22,326
Page 5