Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC425166 Mr Jordan Mackay Mr Jack Cochrane Mr Callum Wilson Mr Joseph McGillveray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC425166 2023-03-31 OC425166 2024-03-31 OC425166 2023-04-01 2024-03-31 OC425166 frs-core:CurrentFinancialInstruments 2024-03-31 OC425166 frs-core:PlantMachinery 2024-03-31 OC425166 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC425166 frs-core:PlantMachinery 2023-03-31 OC425166 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC425166 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC425166 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC425166 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC425166 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC425166 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC425166 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC425166 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC425166 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC425166 frs-bus:PartnerLLP3 2023-04-01 2024-03-31 OC425166 frs-bus:PartnerLLP4 2023-04-01 2024-03-31 OC425166 2022-03-31 OC425166 2023-03-31 OC425166 2022-04-01 2023-03-31 OC425166 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC425166
TS Live LLP
Financial Statements
For The Year Ended 31 March 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC425166
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,292 2,648
2,292 2,648
CURRENT ASSETS
Debtors 5 313,361 169,351
Cash at bank and in hand 8,296 14,097
321,657 183,448
Creditors: Amounts Falling Due Within One Year 6 (323,949 ) (186,096 )
NET CURRENT ASSETS (LIABILITIES) (2,292 ) (2,648 )
NET ASSETS ATTRIBUTABLE TO MEMBERS - -
REPRESENTED BY:
TOTAL MEMBERS' INTEREST
Amounts due from members (226,064) (164,965)
(226,064) (164,965)
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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 Jordan Mackay
Designated Member
Mr Jack Cochrane
Designated Member
Mr Callum Wilson
Designated Member
Mr Joseph McGillveray
Designated Member
17/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TS Live LLP is a limited liability partnership, incorporated in England & Wales, registered number OC425166 . The Registered Office is 1st Floor, 104 Oxford Street, London, W1D 1LP.
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. 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, 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.
2.4. 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 20% Straight line
2.5. Financial Instruments
The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
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3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was as follows:
2024 2023
Office and administration 4 4
4 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 3,979
Additions 550
As at 31 March 2024 4,529
Depreciation
As at 1 April 2023 1,331
Provided during the period 906
As at 31 March 2024 2,237
Net Book Value
As at 31 March 2024 2,292
As at 1 April 2023 2,648
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 73,261 3,000
Prepayments and accrued income 4,930 1,086
Other debtors 9,106 300
Amounts due from members 226,064 164,965
313,361 169,351
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 140,629 63,677
VAT 5,788 14,568
Other creditors 91,048 62,380
Accruals and deferred income 86,484 45,471
323,949 186,096
7. Related Party Transactions
Included in other creditors is an amount owed to The Snuts Partnership, a partnership established in United Kingdom and in all members own a material interest, of £87,474 (2023:£30,411).
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