Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 March 2024 31 March 2024 OC346980 Mrs Nicola Ounsworth Mrs Ruth Oakes Ms Tracey Clarke true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC346980 2023-07-31 OC346980 2024-03-31 OC346980 2023-08-01 2024-03-31 OC346980 frs-core:CurrentFinancialInstruments 2024-03-31 OC346980 frs-core:PlantMachinery 2024-03-31 OC346980 frs-core:PlantMachinery 2023-08-01 2024-03-31 OC346980 frs-core:PlantMachinery 2023-07-31 OC346980 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-03-31 OC346980 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-03-31 OC346980 frs-bus:FilletedAccounts 2023-08-01 2024-03-31 OC346980 frs-bus:SmallEntities 2023-08-01 2024-03-31 OC346980 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-03-31 OC346980 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-03-31 OC346980 1 2023-08-01 2024-03-31 OC346980 frs-countries:EnglandWales 2023-08-01 2024-03-31 OC346980 frs-bus:PartnerLLP1 2023-08-01 2024-03-31 OC346980 frs-bus:PartnerLLP2 2023-08-01 2024-03-31 OC346980 frs-bus:PartnerLLP3 2023-08-01 2024-03-31 OC346980 2022-07-31 OC346980 2023-07-31 OC346980 2022-08-01 2023-07-31 OC346980 frs-core:CurrentFinancialInstruments 2023-07-31 OC346980 frs-core:WithinOneYear 2023-07-31 OC346980 frs-core:OtherReservesSubtotal 2022-07-31
Registered number: OC346980
Cooci Associates LLP
Unaudited Financial Statements
For the Period 1 August 2023 to 31 March 2024
Clear Accountancy Services Limited
Chartered Certified Accountants
e-Innovation Centre
Priorslee
Telford
Shropshire
TF2 9FT
Contents
Page
Balance Sheet 1—2
Reconciliation of Members' Interests 3—4
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: OC346980
31 March 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,956 13,277
12,956 13,277
CURRENT ASSETS
Debtors 5 190,592 189,298
Cash at bank and in hand 93,283 150,516
283,875 339,814
Creditors: Amounts Falling Due Within One Year 6 (174,904 ) (145,581 )
NET CURRENT ASSETS (LIABILITIES) 108,971 194,233
TOTAL ASSETS LESS CURRENT LIABILITIES 121,927 207,510
NET ASSETS ATTRIBUTABLE TO MEMBERS 121,927 207,510
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 121,927 207,510
121,927 207,510
121,927 207,510
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 121,927 207,510
121,927 207,510
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
Mrs Ruth Oakes
Designated Member
Ms Tracey Clarke
Designated Member
23 January 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Reconciliation of Members' Interests
EQUITY DEBT
Members' other interests Loans and other debts due to members less any amounts due from members in debtors
Other Reserves Other amounts Total members' interest
£ £ £
Amounts due to members - 251,584 -
Balance at 1 August 2022 - 251,584 251,584
Members' remuneration charged as an expense, including employment and retirement benefit costs - 42,000 42,000
Profit/(loss) for the financial year available for discretionary division among members 544,631 - 544,631
Members' interests after profit/(loss) for the year 544,631 293,584 838,215
Other divisions of profits (losses) (544,631) 544,631 -
Drawings - (630,705) (630,705)
Amounts due to members - 207,510 -
As at 31 July 2023 and 1 August 2023 - 207,510 207,510
Members' remuneration charged as an expense, including employment and retirement benefit costs - 39,000 39,000
Profit/(loss) for the financial year available for discretionary division among members 291,962 - 291,962
Members' interests after profit/(loss) for the year 291,962 246,510 538,472
Other divisions of profits (losses) (291,962) 291,962 -
Drawings - (416,545) (416,545)
Amounts due to members - 121,927 -
As at 31 March 2024 - 121,927 121,927
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Cooci Associates LLP is a limited liability partnership, incorporated in England & Wales, registered number OC346980 . The Registered Office is 7 Bell Business Park, Smeaton Close, Aylesbury, HP19 8JR.
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 comprises the invoiced value of services supplied by the LLP, net of Value Added Tax and trade discounts. Turnover is recognised as the LLP becomes entitled to the consideration received, therefore turnover includes an element of work completed but not yet invoiced.
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:
Plant & Machinery 25% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. Pensions
The LLP operates a defined contribution pension scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 14 (2023: 11)
14 11
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2023 76,571
Additions 2,270
As at 31 March 2024 78,841
Depreciation
As at 1 August 2023 63,294
Provided during the period 2,591
As at 31 March 2024 65,885
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 12,956
As at 1 August 2023 13,277
5. Debtors
31 March 2024 31 July 2023
£ £
Due within one year
Trade debtors 171,391 164,259
Prepayments and accrued income 18,367 18,509
Other debtors 834 6,233
Net wages - 297
190,592 189,298
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 July 2023
£ £
Trade creditors 30,140 5,655
Other taxes and social security 5,940 14,200
Other creditors 3,571 11,895
Accruals and deferred income 36,849 37,377
Amounts owed to related parties 98,404 76,454
174,904 145,581
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 31 July 2023
£ £
Not later than one year - 9,000
- 9,000
8. Pension Commitments
The LLP operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the LLP in an independently administered fund. At the balance sheet date unpaid contributions of £nil (2023: £1,980) were due to the fund. They are included in Other Creditors.
9. Ultimate Controlling Party
Each member has equal voting rights and therefore the LLP is not under the control of any one member.
Page 5