Acorah Software Products - Accounts Production 16.1.200 false true 31 December 2022 1 January 2022 false 1 January 2023 30 March 2024 30 March 2024 OC352015 Mr John Whittaker Mrs Theresa Whittaker Mrs Karly Flitton Ms Abby Whittaker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC352015 2022-12-31 OC352015 2024-03-30 OC352015 2023-01-01 2024-03-30 OC352015 frs-core:CurrentFinancialInstruments 2024-03-30 OC352015 frs-core:FurnitureFittings 2024-03-30 OC352015 frs-core:FurnitureFittings 2023-01-01 2024-03-30 OC352015 frs-core:FurnitureFittings 2022-12-31 OC352015 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2024-03-30 OC352015 frs-core:MotorVehicles 2024-03-30 OC352015 frs-core:MotorVehicles 2023-01-01 2024-03-30 OC352015 frs-core:MotorVehicles 2022-12-31 OC352015 frs-core:PlantMachinery 2024-03-30 OC352015 frs-core:PlantMachinery 2023-01-01 2024-03-30 OC352015 frs-core:PlantMachinery 2022-12-31 OC352015 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2024-03-30 OC352015 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2024-03-30 OC352015 frs-bus:FilletedAccounts 2023-01-01 2024-03-30 OC352015 frs-bus:SmallEntities 2023-01-01 2024-03-30 OC352015 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-30 OC352015 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-30 OC352015 frs-countries:EnglandWales 2023-01-01 2024-03-30 OC352015 frs-bus:PartnerLLP1 2023-01-01 2024-03-30 OC352015 frs-bus:PartnerLLP2 2023-01-01 2024-03-30 OC352015 frs-bus:PartnerLLP3 2023-01-01 2024-03-30 OC352015 frs-bus:PartnerLLP4 2023-01-01 2024-03-30 OC352015 2021-12-31 OC352015 2022-12-31 OC352015 2022-01-01 2022-12-31 OC352015 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC352015
Sarah Hodge Limited Liability Partnership
Unaudited Financial Statements
For the Period 1 January 2023 to 30 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC352015
30 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,901 34,006
22,901 34,006
CURRENT ASSETS
Stocks 5 - 27,446
Debtors 6 171,818 255,791
Cash at bank and in hand 159 1,522
171,977 284,759
Creditors: Amounts Falling Due Within One Year 7 (164,560 ) (308,765 )
NET CURRENT ASSETS (LIABILITIES) 7,417 (24,006 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,318 10,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 30,318 10,000
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 10,000 10,000
Other amounts 20,318 -
30,318 10,000
30,318 10,000
TOTAL MEMBERS' INTEREST
Amounts due from members (165,535) (226,492)
Loans and other debts due to members within one year 30,318 10,000
(135,217) (216,492)
Page 1
Page 2
For the period ending 30 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
Mrs Karly Flitton
Designated Member
Ms Abby Whittaker
Designated Member
24 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sarah Hodge Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number OC352015 . The Registered Office is 120 East Reach, Taunton, Somerset, TA1 3HL.
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:
Leasehold 10% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
2.4. 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.
2.5. 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 members with contracts of employment, during the period was: 14 (2022: 31)
14 31
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 10,241 152,499 2,279 165,019
Disposals (10,241 ) - (2,279 ) (12,520 )
As at 30 March 2024 - 152,499 - 152,499
Depreciation
As at 1 January 2023 7,834 121,963 1,216 131,013
Provided during the period - 7,635 - 7,635
Disposals (7,834 ) - (1,216 ) (9,050 )
As at 30 March 2024 - 129,598 - 129,598
Net Book Value
As at 30 March 2024 - 22,901 - 22,901
As at 1 January 2023 2,407 30,536 1,063 34,006
5. Stocks
30 March 2024 31 December 2022
£ £
Stock - 27,446
6. Debtors
30 March 2024 31 December 2022
£ £
Due within one year
Trade debtors 4,057 21,039
Other debtors 167,761 234,752
171,818 255,791
7. Creditors: Amounts Falling Due Within One Year
30 March 2024 31 December 2022
£ £
Trade creditors 1,367 15,965
Bank loans and overdrafts 94,086 56,551
Other creditors 62,494 191,504
Taxation and social security 6,613 44,745
164,560 308,765
Page 4