Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC418680 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC418680 2023-03-31 OC418680 2024-03-31 OC418680 2023-04-01 2024-03-31 OC418680 frs-core:CurrentFinancialInstruments 2024-03-31 OC418680 frs-core:Non-currentFinancialInstruments 2024-03-31 OC418680 frs-core:BetweenOneFiveYears 2024-03-31 OC418680 frs-core:ComputerEquipment 2024-03-31 OC418680 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC418680 frs-core:ComputerEquipment 2023-03-31 OC418680 frs-core:MotorVehicles 2024-03-31 OC418680 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC418680 frs-core:MotorVehicles 2023-03-31 OC418680 frs-core:WithinOneYear 2024-03-31 OC418680 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC418680 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC418680 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC418680 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC418680 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC418680 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC418680 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC418680 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC418680 2022-03-31 OC418680 2023-03-31 OC418680 2022-04-01 2023-03-31 OC418680 frs-core:CurrentFinancialInstruments 2023-03-31 OC418680 frs-core:Non-currentFinancialInstruments 2023-03-31 OC418680 frs-core:BetweenOneFiveYears 2023-03-31 OC418680 frs-core:WithinOneYear 2023-03-31
Registered number: OC418680
Total Sealant Services LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: OC418680
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,051 38,718
29,051 38,718
CURRENT ASSETS
Debtors 5 15,542 30,963
Cash at bank and in hand 27,571 34,517
43,113 65,480
Creditors: Amounts Falling Due Within One Year 6 (20,128 ) (17,539 )
NET CURRENT ASSETS (LIABILITIES) 22,985 47,941
TOTAL ASSETS LESS CURRENT LIABILITIES 52,036 86,659
Creditors: Amounts Falling Due After More Than One Year 7 (29,098 ) (43,644 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 22,938 43,015
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 22,938 43,015
22,938 43,015
22,938 43,015
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 22,938 43,015
22,938 43,015
Page 1
Page 2
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 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 Income Statement.
On behalf of the members
Mr S Johnson
Partner
28 November 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
Total Sealant Services LLP is a limited liability partnership, incorporated in England & Wales, registered number OC418680 . The Registered Office is Room 3 Foremost House, Radford Way, Billericay, Essex, CM12 0BT.
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 25% reducing balance
Computer Equipment 20% Reducing Balance Basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 39,278 445 39,723
As at 31 March 2024 39,278 445 39,723
Depreciation
As at 1 April 2023 818 187 1,005
Provided during the period 9,615 52 9,667
As at 31 March 2024 10,433 239 10,672
Net Book Value
As at 31 March 2024 28,845 206 29,051
As at 1 April 2023 38,460 258 38,718
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,177 15,931
Other debtors 4,365 15,032
15,542 30,963
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,599 8,599
Trade creditors 3,103 1,365
Bank loans and overdrafts 6,389 6,389
Other taxes and social security 1,037 286
Accruals and deferred income 1,000 900
20,128 17,539
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,020 29,620
Bank loans 8,078 14,024
29,098 43,644
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,167 10,167
Later than one year and not later than five years 24,943 35,110
35,110 45,277
Less: Finance charges allocated to future periods 5,491 7,058
29,619 38,219
Page 5