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 OC315565 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC315565 2023-02-28 OC315565 2024-02-29 OC315565 2023-03-01 2024-02-29 OC315565 frs-core:CurrentFinancialInstruments 2024-02-29 OC315565 frs-core:Non-currentFinancialInstruments 2024-02-29 OC315565 frs-core:FurnitureFittings 2024-02-29 OC315565 frs-core:FurnitureFittings 2023-03-01 2024-02-29 OC315565 frs-core:FurnitureFittings 2023-02-28 OC315565 frs-core:PlantMachinery 2024-02-29 OC315565 frs-core:PlantMachinery 2023-03-01 2024-02-29 OC315565 frs-core:PlantMachinery 2023-02-28 OC315565 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-29 OC315565 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-02-29 OC315565 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 OC315565 frs-bus:SmallEntities 2023-03-01 2024-02-29 OC315565 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 OC315565 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 OC315565 frs-countries:EnglandWales 2023-03-01 2024-02-29 OC315565 frs-bus:PartnerLLP1 2023-03-01 2024-02-29 OC315565 2022-02-28 OC315565 2023-02-28 OC315565 2022-03-01 2023-02-28 OC315565 frs-core:CurrentFinancialInstruments 2023-02-28 OC315565 frs-core:Non-currentFinancialInstruments 2023-02-28
Registered number: OC315565
Clifford-Burr LLP
Unaudited Financial Statements
For The Year Ended 29 February 2024
Bailey Accountancy & Book Keeping Services
18 New Horizon Bus. Centre
Barrows Road
Harlow
Essex
CM19 5FN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC315565
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,651 7,534
5,651 7,534
CURRENT ASSETS
Stocks 5 72,640 89,922
Debtors 6 83,230 33,199
155,870 123,121
Creditors: Amounts Falling Due Within One Year 7 (185,915 ) (148,749 )
NET CURRENT ASSETS (LIABILITIES) (30,045 ) (25,628 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,394 ) (18,094 )
Creditors: Amounts Falling Due After More Than One Year 8 (27,356 ) (33,656 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (51,750 ) (51,750 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 478,616 478,616
Other amounts 151,691 151,691
630,307 630,307
Equity
Members' other interests
Other reserves (682,057) (682,057)
(682,057) (682,057)
(51,750) (51,750)
TOTAL MEMBERS' INTEREST
Amounts due from members (81,655) (32,132)
Loans and other debts due to members within one year 630,307 630,307
Members' other interests (682,057) (682,057)
(133,405) (83,882)
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
Mrs Rebecca Falconer
Partner
28th November 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
Clifford-Burr LLP is a limited liability partnership, incorporated in England & Wales, registered number OC315565 . The Registered Office is 7 Middle Street, Thriplow, Royston, Hertfordshire, SG8 7RD.
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:
Plant & Machinery 20%
Fixtures & Fittings 20%
2.4. 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 directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 3,935 74,224 78,159
As at 29 February 2024 3,935 74,224 78,159
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 3,935 66,690 70,625
Provided during the period - 1,883 1,883
As at 29 February 2024 3,935 68,573 72,508
Net Book Value
As at 29 February 2024 - 5,651 5,651
As at 1 March 2023 - 7,534 7,534
5. Stocks
2024 2023
£ £
Finished goods 72,640 89,922
6. Debtors
2024 2023
£ £
Due within one year
VAT 1,575 890
Other taxes and social security - 177
Amounts due from members 81,655 32,132
83,230 33,199
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,405 57,087
Bank loans and overdrafts 36,257 8,022
Other taxes and social security 570 -
Net wages - 12
Other creditors 113,683 83,628
185,915 148,749
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,356 33,656
Page 4