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 OC312394 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC312394 2023-03-31 OC312394 2024-03-31 OC312394 2023-04-01 2024-03-31 OC312394 frs-core:CurrentFinancialInstruments 2024-03-31 OC312394 frs-core:Non-currentFinancialInstruments 2024-03-31 OC312394 frs-core:FurnitureFittings 2024-03-31 OC312394 frs-core:FurnitureFittings 2023-04-01 2024-03-31 OC312394 frs-core:FurnitureFittings 2023-03-31 OC312394 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 OC312394 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC312394 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 OC312394 frs-core:MotorVehicles 2024-03-31 OC312394 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC312394 frs-core:MotorVehicles 2023-03-31 OC312394 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC312394 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC312394 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC312394 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC312394 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC312394 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC312394 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC312394 frs-core:CurrentFinancialInstruments 2 2024-03-31 OC312394 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC312394 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC312394 2022-03-31 OC312394 2023-03-31 OC312394 2022-04-01 2023-03-31 OC312394 frs-core:CurrentFinancialInstruments 2023-03-31 OC312394 frs-core:Non-currentFinancialInstruments 2023-03-31 OC312394 frs-core:WithinOneYear 2023-03-31 OC312394 frs-core:CurrentFinancialInstruments 1 2023-03-31 OC312394 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: OC312394
Clifford Fry & Co LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Clifford Fry & Co LLP
Chartered Accountants
St Mary's House
Netherhampton
Salisbury
SP2 8PU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC312394
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,075 85,725
75,075 85,725
CURRENT ASSETS
Stocks 5 49,600 54,600
Debtors 6 483,711 470,635
Cash at bank and in hand 20,933 25,663
554,244 550,898
Creditors: Amounts Falling Due Within One Year 7 (569,971 ) (539,789 )
NET CURRENT ASSETS (LIABILITIES) (15,727 ) 11,109
TOTAL ASSETS LESS CURRENT LIABILITIES 59,348 96,834
Creditors: Amounts Falling Due After More Than One Year 8 (11,667 ) (21,667 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 47,681 75,167
REPRESENTED BY:
Loans and other debts due to members within one year
- -
Equity
Members' other interests
Members' capital 47,681 75,167
47,681 75,167
TOTAL MEMBERS' INTEREST
Members' other interests 47,681 75,167
47,681 75,167
Page 1
Page 2
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 Simon Allenby
Partner
21/01/2025
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
Clifford Fry & Co LLP is a limited liability partnership, incorporated in England & Wales, registered number OC312394 . The Registered Office is St Mary's House, Netherhampton, Salisbury, SP2 8PU.
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:
Freehold Fully depreciated
Motor Vehicles 20% Straight Line
Fixtures & Fittings 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 25 (2023: 24)
25 24
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 51,781 132,691 284,174 468,646
Additions - - 21,664 21,664
As at 31 March 2024 51,781 132,691 305,838 490,310
Depreciation
As at 1 April 2023 51,781 93,316 237,824 382,921
Provided during the period - 13,500 18,814 32,314
As at 31 March 2024 51,781 106,816 256,638 415,235
Net Book Value
As at 31 March 2024 - 25,875 49,200 75,075
As at 1 April 2023 - 39,375 46,350 85,725
5. Stocks
2024 2023
£ £
Work in progress 49,600 54,600
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 188,165 181,564
Prepayments and accrued income 32,207 26,894
Other debtors 263,339 262,177
483,711 470,635
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 12,333
Trade creditors 185,307 103,594
Bank loans and overdrafts 33,574 50,396
Other taxes and social security 14,454 12,916
VAT 48,433 74,432
Pension contributions 5,481 2,688
Other creditors 170,809 115,166
Accruals and deferred income 111,913 168,264
569,971 539,789
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,667 21,667
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 12,333
Page 5