7 false false false false false false false false false false false false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 22,500 22,500 xbrli:pure xbrli:shares iso4217:GBP OC366928 2023-04-01 2024-03-31 OC366928 2024-03-31 OC366928 2023-03-31 OC366928 2022-04-01 2023-03-31 OC366928 2023-03-31 OC366928 2022-03-31 OC366928 core:FurnitureFittings 2023-04-01 2024-03-31 OC366928 core:NetGoodwill 2023-04-01 2024-03-31 OC366928 bus:Director1 2023-04-01 2024-03-31 OC366928 core:NetGoodwill 2024-03-31 OC366928 core:FurnitureFittings 2023-03-31 OC366928 core:FurnitureFittings 2024-03-31 OC366928 core:WithinOneYear 2024-03-31 OC366928 core:WithinOneYear 2023-03-31 OC366928 core:FurnitureFittings 2023-03-31 OC366928 bus:SmallEntities 2023-04-01 2024-03-31 OC366928 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC366928 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC366928 bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC366928 bus:FullAccounts 2023-04-01 2024-03-31 OC366928 core:ComputerEquipment 2023-04-01 2024-03-31 OC366928 core:ComputerEquipment 2024-03-31 OC366928 core:ComputerEquipment 2023-03-31
REGISTERED NUMBER: OC366928
A2 SOLICITORS LLP
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
A2 SOLICITORS LLP
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
A2 SOLICITORS LLP
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
2,318
3,118
Current assets
Stocks
44,875
45,125
Debtors
7
103,756
100,597
Cash at bank and in hand
74,594
96,127
---------
---------
223,225
241,849
Creditors: amounts falling due within one year
8
35,029
28,623
---------
---------
Net current assets
188,196
213,226
---------
---------
Total assets less current liabilities
190,514
216,344
---------
---------
Net assets
190,514
216,344
---------
---------
Represented by:
Loans and other debts due to members
Other amounts
9
190,514
216,344
---------
---------
Members' other interests
Other reserves
---------
---------
190,514
216,344
---------
---------
Total members' interests
Loans and other debts due to members
9
190,514
216,344
Members' other interests
---------
---------
190,514
216,344
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
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) relating to small LLPs.
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 financial statements .
A2 SOLICITORS LLP
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the members and authorised for issue on 16 July 2024 , and are signed on their behalf by:
P. Ackroyd
Designated Member
Registered number: OC366928
A2 SOLICITORS LLP
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1.
General information
The LLP is registered in England and Wales. The address of the registered office is Globe House, Moss Bridge Road, Rochdale, OL16 5EB.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Written off over 5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
50% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 7 (2023: 6 ).
5.
Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
22,500
--------
Amortisation
At 1 April 2023 and 31 March 2024
22,500
--------
Carrying amount
At 31 March 2024
--------
At 31 March 2023
--------
6.
Tangible assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
25,803
18,813
44,616
--------
--------
--------
Depreciation
At 1 April 2023
22,765
18,733
41,498
Charge for the year
760
40
800
--------
--------
--------
At 31 March 2024
23,525
18,773
42,298
--------
--------
--------
Carrying amount
At 31 March 2024
2,278
40
2,318
--------
--------
--------
At 31 March 2023
3,038
80
3,118
--------
--------
--------
7.
Debtors
2024
2023
£
£
Trade debtors
81,911
77,142
Other debtors
21,845
23,455
---------
---------
103,756
100,597
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
841
1,091
Social security and other taxes
11,629
8,464
Other creditors
22,559
19,068
--------
--------
35,029
28,623
--------
--------
9.
Loans and other debts due to members
2024
2023
£
£
Amounts owed to members in respect of profits
190,514
216,344
---------
---------