Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 March 2024 31 March 2024 OC314505 Mr Mark Allen Mr Rishi Lokye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC314505 2023-08-31 OC314505 2024-03-31 OC314505 2023-09-01 2024-03-31 OC314505 frs-core:CurrentFinancialInstruments 2024-03-31 OC314505 frs-core:Non-currentFinancialInstruments 2024-03-31 OC314505 frs-core:FurnitureFittings 2024-03-31 OC314505 frs-core:FurnitureFittings 2023-09-01 2024-03-31 OC314505 frs-core:FurnitureFittings 2023-08-31 OC314505 frs-core:NetGoodwill 2024-03-31 OC314505 frs-core:NetGoodwill 2023-09-01 2024-03-31 OC314505 frs-core:NetGoodwill 2023-08-31 OC314505 frs-core:PlantMachinery 2024-03-31 OC314505 frs-core:PlantMachinery 2023-09-01 2024-03-31 OC314505 frs-core:PlantMachinery 2023-08-31 OC314505 frs-bus:LimitedLiabilityPartnershipLLP 2023-09-01 2024-03-31 OC314505 frs-bus:LimitedLiabilityPartnershipsSORP 2023-09-01 2024-03-31 OC314505 frs-bus:FilletedAccounts 2023-09-01 2024-03-31 OC314505 frs-bus:SmallEntities 2023-09-01 2024-03-31 OC314505 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 OC314505 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-03-31 OC314505 frs-countries:EnglandWales 2023-09-01 2024-03-31 OC314505 frs-bus:PartnerLLP1 2023-09-01 2024-03-31 OC314505 frs-bus:PartnerLLP2 2023-09-01 2024-03-31 OC314505 2022-08-31 OC314505 2023-08-31 OC314505 2022-09-01 2023-08-31 OC314505 frs-core:CurrentFinancialInstruments 2023-08-31 OC314505 frs-core:Non-currentFinancialInstruments 2023-08-31
Registered number: OC314505
Sloane & Co LLP
Financial Statements
For the Period 1 September 2023 to 31 March 2024
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
36-38 Westbourne Grove
Newton Road
London
W2 5SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC314505
31 March 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 300,000 300,000
Tangible Assets 5 4,555 3,410
304,555 303,410
CURRENT ASSETS
Stocks 6 15,753 15,106
Debtors 7 132,618 93,114
Cash at bank and in hand 272,537 90,822
420,908 199,042
Creditors: Amounts Falling Due Within One Year 8 (337,336 ) (183,032 )
NET CURRENT ASSETS (LIABILITIES) 83,572 16,010
TOTAL ASSETS LESS CURRENT LIABILITIES 388,127 319,420
Creditors: Amounts Falling Due After More Than One Year 9 (29,590 ) (35,802 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 358,537 283,618
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 358,537 283,618
358,537 283,618
358,537 283,618
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 358,537 283,618
358,537 283,618
Page 1
Page 2
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.
On behalf of the members
Mr Mark Allen
Designated Member
Mr Rishi Lokye
Designated Member
20 January 2025
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
Sloane & Co LLP is a limited liability partnership, incorporated in England & Wales, registered number OC314505 . The Registered Office is 36-38 Westbourne Grove, Newton Road, London, W2 5SH.
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 .... 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:
Plant & Machinery 25% written down value
Fixtures & Fittings 25% written down value
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.
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 300,000
As at 31 March 2024 300,000
Net Book Value
As at 31 March 2024 300,000
As at 1 September 2023 300,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 7,929 3,663 11,592
Additions 474 1,196 1,670
Disposals (243 ) - (243 )
As at 31 March 2024 8,160 4,859 13,019
Depreciation
As at 1 September 2023 5,438 2,744 8,182
Provided during the period 454 113 567
Disposals (285 ) - (285 )
As at 31 March 2024 5,607 2,857 8,464
Net Book Value
As at 31 March 2024 2,553 2,002 4,555
As at 1 September 2023 2,491 919 3,410
Page 4
Page 5
6. Stocks
31 March 2024 31 August 2023
£ £
Work in progress 15,753 15,106
7. Debtors
31 March 2024 31 August 2023
£ £
Due within one year
Trade debtors 132,618 91,179
Other debtors - 1,935
132,618 93,114
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 August 2023
£ £
Trade creditors 9,652 10,015
Bank loans and overdrafts 1,558 -
Other creditors 256,346 133,670
Taxation and social security 69,780 39,347
337,336 183,032
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 August 2023
£ £
Bank loans 29,590 35,802
Page 5