Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC407385 Mr ANDREW WAY Mr ANTHONY WAY Mr TIMOTHY WAY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC407385 2023-03-31 OC407385 2024-03-31 OC407385 2023-04-01 2024-03-31 OC407385 frs-core:CurrentFinancialInstruments 2024-03-31 OC407385 frs-core:Non-currentFinancialInstruments 2024-03-31 OC407385 frs-core:ComputerEquipment 2024-03-31 OC407385 frs-core:ComputerEquipment 2023-04-01 2024-03-31 OC407385 frs-core:ComputerEquipment 2023-03-31 OC407385 frs-core:FurnitureFittings 2024-03-31 OC407385 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC407385 frs-core:FurnitureFittings 2023-03-31 OC407385 frs-core:MotorVehicles 2024-03-31 OC407385 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC407385 frs-core:MotorVehicles 2023-03-31 OC407385 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC407385 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC407385 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC407385 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC407385 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC407385 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC407385 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC407385 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC407385 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC407385 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC407385 2022-03-31 OC407385 2023-03-31 OC407385 2022-04-01 2023-03-31 OC407385 frs-core:CurrentFinancialInstruments 2023-03-31 OC407385 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC407385
TWCOG LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
N Dunlop & Co
Lairig Ghru
Dropmore Road
Burnham
Bucks
SL1 8BA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC407385
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 54,765 37,508
54,765 37,508
CURRENT ASSETS
Debtors 5 2,624,272 2,206,182
Cash at bank and in hand 1,973,635 549,044
4,597,907 2,755,226
Creditors: Amounts Falling Due Within One Year 6 (1,463,289 ) (1,161,808 )
NET CURRENT ASSETS (LIABILITIES) 3,134,618 1,593,418
TOTAL ASSETS LESS CURRENT LIABILITIES 3,189,383 1,630,926
NET ASSETS ATTRIBUTABLE TO MEMBERS 3,189,383 1,630,926
REPRESENTED BY:
Members drawings
Members' capital classified as a liability 480,065 480,065
Other amounts 1,937,002 1,851,945
2,417,067 2,332,010
Equity
Members' other interests
Members' capital - (1,473,403)
Revaluation reserve (3) -
Other reserves 772,319 772,319
772,316 (701,084)
3,189,383 1,630,926
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Members drawings 2,417,067 2,332,010
Members' other interests 772,316 (701,084)
3,189,383 1,630,926
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 Profit and Loss Account.
On behalf of the members
Mr ANTHONY WAY
Designated Member
31st October 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
TWCOG LLP is a limited liability partnership, incorporated in England & Wales, registered number OC407385 . The Registered Office is Vestry House, 21 Paradise Road, Richmond, England, TW9 1SA.
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
Fixtures & Fittings 20
Computer Equipment 20
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was:
2024 2023
Office and administration 3 3
Sales, marketing and distribution 4 4
7 7
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 84,256 37,746 20,243 142,245
Additions 37,353 - 8,967 46,320
As at 31 March 2024 121,609 37,746 29,210 188,565
Depreciation
As at 1 April 2023 73,230 21,592 9,915 104,737
Provided during the period 20,364 5,662 3,037 29,063
As at 31 March 2024 93,594 27,254 12,952 133,800
Net Book Value
As at 31 March 2024 28,015 10,492 16,258 54,765
As at 1 April 2023 11,026 16,154 10,328 37,508
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,299,865 1,051,754
Prepayments and accrued income 459,259 457,846
VAT 312,684 267,780
Other taxes and social security 267,833 220,295
Net wages 36,812 36,812
2,376,453 2,034,487
Due after more than one year
Other taxes and social security 247,819 171,695
2,624,272 2,206,182
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 736,281 562,161
Bank loans and overdrafts 211,399 90,713
Other creditors 17,025 -
Accruals and deferred income 498,584 508,934
1,463,289 1,161,808
Page 5