Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 31 March 2024 31 March 2024 OC354973 Mr Adrian Anderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC354973 2023-06-30 OC354973 2024-03-31 OC354973 2023-07-01 2024-03-31 OC354973 frs-core:Non-currentFinancialInstruments 2024-03-31 OC354973 frs-core:FurnitureFittings 2023-07-01 2024-03-31 OC354973 frs-core:NetGoodwill 2023-07-01 2024-03-31 OC354973 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-03-31 OC354973 frs-core:MotorVehicles 2023-07-01 2024-03-31 OC354973 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 OC354973 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-03-31 OC354973 frs-bus:AbridgedAccounts 2023-07-01 2024-03-31 OC354973 frs-bus:SmallEntities 2023-07-01 2024-03-31 OC354973 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 OC354973 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 OC354973 frs-countries:EnglandWales 2023-07-01 2024-03-31 OC354973 frs-bus:PartnerLLP1 2023-07-01 2024-03-31 OC354973 2022-06-30 OC354973 2023-06-30 OC354973 2022-07-01 2023-06-30 OC354973 frs-core:Non-currentFinancialInstruments 2023-06-30
Registered number: OC354973
Ralli Solicitors LLP
Unaudited ABRIDGED Financial Statements
For the Period 1 July 2023 to 31 March 2024
Brian Shafar consultancy
Chartered accountants & registered auditors
14 Branksome Ave
Prestwich
Manchester
M25 1AG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: OC354973
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 181,253 200,000
Tangible Assets 5 3,518 4,240
184,771 204,240
CURRENT ASSETS
Stocks 200,313 289,729
Debtors 997,717 767,007
Cash at bank and in hand 17,995 127,590
1,216,025 1,184,326
Creditors: Amounts Falling Due Within One Year (239,436 ) (182,575 )
NET CURRENT ASSETS (LIABILITIES) 976,589 1,001,751
TOTAL ASSETS LESS CURRENT LIABILITIES 1,161,360 1,205,991
Creditors: Amounts Falling Due After More Than One Year (365,038 ) (373,025 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 796,322 832,966
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 796,322 832,966
796,322 832,966
796,322 832,966
TOTAL MEMBERS' INTEREST
Amounts due from members (548,835) (499,164)
Loans and other debts due to members within one year 796,322 832,966
247,487 333,802
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For the period 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.
All of the LLP's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Adrian Anderson
Designated Member
10 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Ralli Solicitors LLP is a limited liability partnership, incorporated in England & Wales, registered number OC354973 . The Registered Office is Greg's Buildings, 1 Booth Street, Manchester, M2 4DU.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 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:
Leasehold 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% 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.
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3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was:
31 March 2024 30 June 2023
Office and administration 4 4
Sales, marketing and distribution 12 11
16 15
4. Intangible Assets
Total
£
Cost
As at 1 July 2023 500,000
As at 31 March 2024 500,000
Amortisation
As at 1 July 2023 300,000
Provided during the period 18,747
As at 31 March 2024 318,747
Net Book Value
As at 31 March 2024 181,253
As at 1 July 2023 200,000
5. Tangible Assets
Total
£
Cost
As at 1 July 2023 242,253
Additions 1,437
As at 31 March 2024 243,690
Depreciation
As at 1 July 2023 238,013
Provided during the period 2,159
As at 31 March 2024 240,172
Net Book Value
As at 31 March 2024 3,518
As at 1 July 2023 4,240
Page 4