Acorah Software Products - Accounts Production 16.1.300 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC354006 Mr Robert King Mrs Rachel King Mr Kieron McNab iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC354006 2023-04-05 OC354006 2024-04-05 OC354006 2023-04-06 2024-04-05 OC354006 frs-core:Non-currentFinancialInstruments 2024-04-05 OC354006 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-06 2024-04-05 OC354006 frs-core:PlantMachinery 2023-04-06 2024-04-05 OC354006 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC354006 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC354006 frs-bus:AbridgedAccounts 2023-04-06 2024-04-05 OC354006 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC354006 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC354006 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC354006 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC354006 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC354006 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC354006 frs-bus:PartnerLLP3 2023-04-06 2024-04-05 OC354006 2022-04-05 OC354006 2023-04-05 OC354006 2022-04-06 2023-04-05 OC354006 frs-core:Non-currentFinancialInstruments 2023-04-05
Registered number: OC354006
Outspoken Training LLP
Unaudited ABRIDGED Financial Statements
For The Year Ended 5 April 2024
C A Dyer Accounts & Bookkeeping Ltd
Licensed Accountants MAAT AATQB (1004615)
19 Birdwood Road
Cambridge
Cambridgeshire
CB1 3ST
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: OC354006
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,291 16,395
10,291 16,395
CURRENT ASSETS
Debtors 177,881 283,436
Cash at bank and in hand 147,899 156,331
325,780 439,767
Creditors: Amounts Falling Due Within One Year (198,866 ) (248,027 )
NET CURRENT ASSETS (LIABILITIES) 126,914 191,740
TOTAL ASSETS LESS CURRENT LIABILITIES 137,205 208,135
Creditors: Amounts Falling Due After More Than One Year (21,667 ) (21,797 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 115,538 186,338
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability - (22,000)
Other amounts 125,496 156,969
125,496 134,969
Equity
Members' other interests
Members' capital (9,958) (9,958)
Other reserves - 61,327
(9,958) 51,369
115,538 186,338
TOTAL MEMBERS' INTEREST
Amounts due from members - (48,850)
...CONTINUED
Page 1
Page 2
Loans and other debts due to members within one year 125,496 134,969
Members' other interests (9,958) 51,369
115,538 137,488
For the year ending 5 April 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.
All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 5 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Robert King
Designated Member
29th January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Outspoken Training LLP is a limited liability partnership, incorporated in England & Wales, registered number OC354006 . The Registered Office is The Bike Depot, 140 Cowley Road, Cambridge, CB4 0DL.
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 - Other Intangible
Other intangible assets are Databases and Websites. It is amortised to profit and loss account over its estimated economic life of 1 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 Effective Life of 4 Years - Straight Line Depreciation Method
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 136 (2023: 136)
136 136
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 6 April 2023 68,983
Additions 1,217
As at 5 April 2024 70,200
Depreciation
As at 6 April 2023 52,588
Provided during the period 7,321
As at 5 April 2024 59,909
Net Book Value
As at 5 April 2024 10,291
As at 6 April 2023 16,395
Page 4