Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 March 2024 31 March 2024 OC420341 Mrs Lisa Griffin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC420341 2022-12-31 OC420341 2024-03-31 OC420341 2023-01-01 2024-03-31 OC420341 frs-core:CurrentFinancialInstruments 2024-03-31 OC420341 frs-core:ComputerEquipment 2024-03-31 OC420341 frs-core:ComputerEquipment 2023-01-01 2024-03-31 OC420341 frs-core:ComputerEquipment 2022-12-31 OC420341 frs-core:MotorVehicles 2024-03-31 OC420341 frs-core:MotorVehicles 2023-01-01 2024-03-31 OC420341 frs-core:MotorVehicles 2022-12-31 OC420341 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2024-03-31 OC420341 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2024-03-31 OC420341 frs-bus:FilletedAccounts 2023-01-01 2024-03-31 OC420341 frs-bus:SmallEntities 2023-01-01 2024-03-31 OC420341 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 OC420341 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 OC420341 frs-countries:EnglandWales 2023-01-01 2024-03-31 OC420341 frs-bus:PartnerLLP1 2023-01-01 2024-03-31 OC420341 2021-12-31 OC420341 2022-12-31 OC420341 2022-01-01 2022-12-31 OC420341 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC420341
Griffin Payroll LLP
Unaudited Financial Statements
For the Period 1 January 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC420341
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,616 20,170
16,616 20,170
CURRENT ASSETS
Debtors 5 2,976 4,249
Cash at bank and in hand 13,804 12,205
16,780 16,454
Creditors: Amounts Falling Due Within One Year 6 (3,683 ) (500 )
NET CURRENT ASSETS (LIABILITIES) 13,097 15,954
TOTAL ASSETS LESS CURRENT LIABILITIES 29,713 36,124
NET ASSETS ATTRIBUTABLE TO MEMBERS 29,713 36,124
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 30,138 36,549
30,138 36,549
Equity
Members' other interests
Other reserves (425) (425)
(425) (425)
29,713 36,124
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 30,138 36,549
Members' other interests (425) (425)
29,713 36,124
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
Mrs Lisa Griffin
Designated Member
30/09/2024
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
Griffin Payroll LLP is a limited liability partnership, incorporated in England & Wales, registered number OC420341 . The Registered Office is 6 Parklands Close, Loddington, Kettering, Northamptonshire, NN14 1LG.
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 5 year straight line
Computer Equipment 20% reducing balance
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2022: NIL)
- -
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 30,468 1,951 32,419
Additions - 1,260 1,260
As at 31 March 2024 30,468 3,211 33,679
Depreciation
As at 1 January 2023 10,968 1,281 12,249
Provided during the period 4,428 386 4,814
As at 31 March 2024 15,396 1,667 17,063
Net Book Value
As at 31 March 2024 15,072 1,544 16,616
As at 1 January 2023 19,500 670 20,170
Page 3
Page 4
5. Debtors
31 March 2024 31 December 2022
£ £
Due within one year
Trade debtors 2,976 3,764
Other debtors - 485
2,976 4,249
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 December 2022
£ £
Bank loans and overdrafts 3,183 -
Other creditors 500 500
3,683 500
Page 4