Acorah Software Products - Accounts Production 16.1.200 false true true 28 February 2023 1 March 2022 false 1 March 2023 31 March 2024 31 March 2024 OC430729 Mrs Kiera Tsenti Ms Sarah Potter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC430729 2023-02-28 OC430729 2024-03-31 OC430729 2023-03-01 2024-03-31 OC430729 frs-core:CurrentFinancialInstruments 2024-03-31 OC430729 frs-core:ComputerEquipment 2024-03-31 OC430729 frs-core:ComputerEquipment 2023-03-01 2024-03-31 OC430729 frs-core:ComputerEquipment 2023-02-28 OC430729 frs-core:FurnitureFittings 2024-03-31 OC430729 frs-core:FurnitureFittings 2023-03-01 2024-03-31 OC430729 frs-core:FurnitureFittings 2023-02-28 OC430729 frs-core:PlantMachinery 2024-03-31 OC430729 frs-core:PlantMachinery 2023-03-01 2024-03-31 OC430729 frs-core:PlantMachinery 2023-02-28 OC430729 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-03-31 OC430729 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-03-31 OC430729 frs-bus:FilletedAccounts 2023-03-01 2024-03-31 OC430729 frs-bus:SmallEntities 2023-03-01 2024-03-31 OC430729 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-03-31 OC430729 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-03-31 OC430729 frs-countries:EnglandWales 2023-03-01 2024-03-31 OC430729 frs-bus:PartnerLLP1 2023-03-01 2024-03-31 OC430729 frs-bus:PartnerLLP2 2023-03-01 2024-03-31 OC430729 2022-02-28 OC430729 2023-02-28 OC430729 2022-03-01 2023-02-28 OC430729 frs-core:CurrentFinancialInstruments 2023-02-28
Registered number: OC430729
HireWriteTalent LLP
Unaudited Financial Statements
For the Period 1 March 2023 to 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: OC430729
31 March 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 291 157
291 157
CURRENT ASSETS
Debtors 5 2,160 -
Cash at bank and in hand 4,760 39,167
6,920 39,167
Creditors: Amounts falling due within one year 6 (1,402 ) (8,421 )
NET CURRENT ASSETS (LIABILITIES) 5,518 30,746
TOTAL ASSETS LESS CURRENT LIABILITIES 5,809 30,903
NET ASSETS ATTRIBUTABLE TO MEMBERS 5,809 30,903
REPRESENTED BY:
Loans and other debts due to members
Other amounts 5,809 30,903
5,809 30,903
5,809 30,903
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 5,809 30,903
5,809 30,903
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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 Income Statement.
The financial statements were approved by the members on 11 January 2025 and were signed on their behalf by:
Mrs Kiera Tsenti
Designated Member
11 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
HireWriteTalent LLP is a limited liability partnership, incorporated in England & Wales, registered number OC430729 . The Registered Office is 15 Vicarage Road, Dudley, DY3 1XT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland - Small Entities (as applied to LLPs), the Statement of Recommended Practice, Accounting by Limited Liability Partnerships issued in December 2021 (LLPs SORP) and the Companies Act 2006 (as applied to LLPs).
Due to basis period reform, the LLP's accounting period was extended by one month from 29 February 2024 to 31 March 2024 in order to align it with the tax year. As a result, the financial statements cover a period of 13 months. The comparative figures are for the 12-month period ended 28 February 2023.
2.2. Going Concern Disclosure
The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, net of discounts, value added taxes and other sales taxes.
Rendering of services
Turnover from the provision of copywriting and marketing services is recognised in the period in which the services are provided.
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 50% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 50% straight line
2.5. Financial Instruments
Basic financial instruments
Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.
Basic financial instruments not constituting financing transactions are initially recognised at transaction price. Arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.
Subsequent to initial recognition:
  • Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.
  • Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.
Cash and cash equivalents
Cash in hand, bank balances, and short-term deposits with an original maturity of three months or less, which are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value, are classified as cash and cash equivalents. These amounts are included in 'Cash at bank and in hand' on the statement of financial position.
Bank overdrafts are generally classified separately as creditors under current liabilities. However, if overdrafts are repayable on demand and the LLP has a legally enforceable right to set them off against cash and cash equivalents, they may be offset in certain circumstances.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Members' Capital and Remuneration
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Members' remuneration
Members' shares in the profit or loss for the period are accounted for as an allocation of profits. Unallocated profits and losses are included as equity under 'Other reserves'.
2.8. Presentation Currency
The financial statements are presented in £ sterling, which is the functional currency of the LLP.
2.9. Registrar Filing Requirements
The LLP has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, reconciliation of members' interests, members' report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including members with contracts of employment, during the period was: NIL (2023: NIL)
- -
4. Tangible assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 167 191 588 946
Additions - - 389 389
As at 31 March 2024 167 191 977 1,335
Depreciation
As at 1 March 2023 137 64 588 789
Provided during the period 30 63 162 255
As at 31 March 2024 167 127 750 1,044
Net Book Value
As at 31 March 2024 - 64 227 291
As at 1 March 2023 30 127 - 157
5. Debtors
31 March 2024 28 February 2023
£ £
Due within one year
Trade debtors 2,160 -
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6. Creditors: Amounts falling due within one year
31 March 2024 28 February 2023
£ £
VAT 1,402 8,421
7. Related Party Transactions
During the period, the LLP entered into the following transactions with related parties:
Key management personnel
Details of movements in 'Members' other interests' and 'Loans and other debts due to members' are included in the Reconciliation of Members' Interests.
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