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 OC371300 Mr Tasaver Hussain Bhatti iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC371300 2023-02-28 OC371300 2024-02-29 OC371300 2023-03-01 2024-02-29 OC371300 frs-core:CurrentFinancialInstruments 2024-02-29 OC371300 frs-core:ComputerEquipment 2024-02-29 OC371300 frs-core:ComputerEquipment 2023-03-01 2024-02-29 OC371300 frs-core:ComputerEquipment 2023-02-28 OC371300 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 OC371300 frs-core:FurnitureFittings 2024-02-29 OC371300 frs-core:FurnitureFittings 2023-03-01 2024-02-29 OC371300 frs-core:FurnitureFittings 2023-02-28 OC371300 frs-core:MotorVehicles 2024-02-29 OC371300 frs-core:MotorVehicles 2023-03-01 2024-02-29 OC371300 frs-core:MotorVehicles 2023-02-28 OC371300 frs-core:OtherResidualIntangibleAssets 2024-02-29 OC371300 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 OC371300 frs-core:OtherResidualIntangibleAssets 2023-02-28 OC371300 frs-core:PlantMachinery 2024-02-29 OC371300 frs-core:PlantMachinery 2023-03-01 2024-02-29 OC371300 frs-core:PlantMachinery 2023-02-28 OC371300 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-29 OC371300 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-02-29 OC371300 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 OC371300 frs-bus:SmallEntities 2023-03-01 2024-02-29 OC371300 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 OC371300 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 OC371300 frs-core:CurrentFinancialInstruments 1 2024-02-29 OC371300 frs-core:CurrentFinancialInstruments 2 2024-02-29 OC371300 frs-countries:EnglandWales 2023-03-01 2024-02-29 OC371300 frs-bus:PartnerLLP1 2023-03-01 2024-02-29 OC371300 2022-02-28 OC371300 2023-02-28 OC371300 2022-03-01 2023-02-28 OC371300 frs-core:CurrentFinancialInstruments 2023-02-28 OC371300 frs-core:CurrentFinancialInstruments 1 2023-02-28 OC371300 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: OC371300
Avicenna Sanatio LLP
Unaudited Financial Statements
For The Year Ended 29 February 2024
AWR Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC371300
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 257,475 -
Tangible Assets 5 67,725 42,685
325,200 42,685
CURRENT ASSETS
Stocks 6 51,000 59,000
Debtors 7 400,539 328,805
Cash at bank and in hand 7,309 80,566
458,848 468,371
Creditors: Amounts Falling Due Within One Year 8 (876,745 ) (522,903 )
NET CURRENT ASSETS (LIABILITIES) (417,897 ) (54,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES (92,697 ) (11,847 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (92,697 ) (11,847 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 34,393 34,393
Other amounts 159,819 206,336
194,212 240,729
Equity
Members' other interests
Other reserves (286,909) (252,576)
(286,909) (252,576)
(92,697) (11,847)
TOTAL MEMBERS' INTEREST
Amounts due from members (51,327) (7,035)
Loans and other debts due to members within one year 194,212 240,729
Members' other interests (286,909) (252,576)
(144,024) (18,882)
Page 1
Page 2
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 Tasaver Hussain Bhatti
Designated Member
29/11/2024
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
Avicenna Sanatio LLP is a limited liability partnership, incorporated in England & Wales, registered number OC371300 . The Registered Office is 192-194 Alfreton Rd, Nottingham, NG7 3PE.
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 - Other Intangible
Other intangible assets are .... 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:
Plant & Machinery 20% Straight line
Motor Vehicles 20% Straight line
Fixtures & Fittings 15% Straight line
Computer Equipment 25% Straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 12 (2023: 13)
12 13
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 -
Additions 262,040
As at 29 February 2024 262,040
Amortisation
As at 1 March 2023 -
Provided during the period 4,565
As at 29 February 2024 4,565
Net Book Value
As at 29 February 2024 257,475
As at 1 March 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 22,131 14,500 88,848 76,246 201,725
Additions 1,454 43,051 - 3,168 47,673
As at 29 February 2024 23,585 57,551 88,848 79,414 249,398
Depreciation
As at 1 March 2023 20,264 7,250 73,369 58,157 159,040
Provided during the period 922 11,510 2,559 7,642 22,633
As at 29 February 2024 21,186 18,760 75,928 65,799 181,673
Net Book Value
As at 29 February 2024 2,399 38,791 12,920 13,615 67,725
As at 1 March 2023 1,867 7,250 15,479 18,089 42,685
6. Stocks
2024 2023
£ £
Stock 51,000 59,000
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 136,551 122,370
Prepayments and accrued income 808 -
Other debtors 113,025 132,224
Rent Deposit 1,400 1,400
VAT 97,428 49,535
Net wages - 16,241
Amounts due from members 51,327 7,035
400,539 328,805
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 174,438 106,966
Bank loans and overdrafts 44,502 33,471
Other taxes and social security 23,243 3,275
Net wages 13,249 -
Avicenna Sanatio Pharma Ltd 617,855 372,855
Accruals and deferred income 3,458 6,336
876,745 522,903
Page 5