Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 OC426133 Mr Robert Colebrook Mrs Lisa Colebrook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC426133 2023-02-28 OC426133 2024-02-29 OC426133 2023-03-01 2024-02-29 OC426133 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-29 OC426133 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-02-29 OC426133 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 OC426133 frs-bus:SmallEntities 2023-03-01 2024-02-29 OC426133 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 OC426133 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 OC426133 frs-countries:EnglandWales 2023-03-01 2024-02-29 OC426133 frs-bus:PartnerLLP1 2023-03-01 2024-02-29 OC426133 frs-bus:PartnerLLP2 2023-03-01 2024-02-29 OC426133 2022-02-28 OC426133 2023-02-28 OC426133 2022-03-01 2023-02-28
Registered number: OC426133
Lifesmiles 4 U Midlands LLP
Unaudited Financial Statements
For The Year Ended 29 February 2024
Angel Accounting Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: OC426133
2024 2023
Notes £ £ £ £
For the year ending 29 February 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 Robert Colebrook
Designated Member
12/11/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lifesmiles 4 U Midlands LLP is a limited liability partnership, incorporated in England & Wales, registered number OC426133 . The Registered Office is Unit 1, 1 Arden Court, Arden Road, Alcester, Warwickshire, B49 6HN.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
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