Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 31 March 2024 31 March 2024 OC326031 Mrs K Davis Mr S Davis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC326031 2023-02-28 OC326031 2024-03-31 OC326031 2023-03-01 2024-03-31 OC326031 frs-core:CurrentFinancialInstruments 2024-03-31 OC326031 frs-core:Non-currentFinancialInstruments 2024-03-31 OC326031 frs-core:ComputerEquipment 2024-03-31 OC326031 frs-core:ComputerEquipment 2023-03-01 2024-03-31 OC326031 frs-core:ComputerEquipment 2023-02-28 OC326031 frs-core:FurnitureFittings 2024-03-31 OC326031 frs-core:FurnitureFittings 2023-03-01 2024-03-31 OC326031 frs-core:FurnitureFittings 2023-02-28 OC326031 frs-core:MotorVehicles 2024-03-31 OC326031 frs-core:MotorVehicles 2023-03-01 2024-03-31 OC326031 frs-core:MotorVehicles 2023-02-28 OC326031 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-03-31 OC326031 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-03-31 OC326031 frs-bus:FilletedAccounts 2023-03-01 2024-03-31 OC326031 frs-bus:SmallEntities 2023-03-01 2024-03-31 OC326031 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-03-31 OC326031 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-03-31 OC326031 frs-countries:EnglandWales 2023-03-01 2024-03-31 OC326031 frs-bus:PartnerLLP1 2023-03-01 2024-03-31 OC326031 frs-bus:PartnerLLP2 2023-03-01 2024-03-31 OC326031 2022-02-28 OC326031 2023-02-28 OC326031 2022-03-01 2023-02-28 OC326031 frs-core:CurrentFinancialInstruments 2023-02-28 OC326031 frs-core:Non-currentFinancialInstruments 2023-02-28
Registered number: OC326031
The Alchemy Partnership LLP
Financial Statements
For the Period 1 March 2023 to 31 March 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Financial Statements
Contents
Page
LLP Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
LLP Information
Designated Members Mrs K Davis
Mr S Davis
LLP Registration Number OC326031
Registered Office 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Accountants BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Page 1
Page 2
Balance Sheet
Registered number: OC326031
31 March 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 3,163 5,194
3,163 5,194
CURRENT ASSETS
Stocks 4 45,500 68,500
Debtors 5 5,939 9,595
Cash at bank and in hand 2,047 6,056
53,486 84,151
Creditors: Amounts Falling Due Within One Year 6 (42,913 ) (79,528 )
NET CURRENT ASSETS (LIABILITIES) 10,573 4,623
TOTAL ASSETS LESS CURRENT LIABILITIES 13,736 9,817
Creditors: Amounts Falling Due After More Than One Year 7 (33,312 ) (41,389 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (19,576 ) (31,572 )
REPRESENTED BY:
Loans and other debts due to members
Other amounts 33,262 33,998
33,262 33,998
Equity
Members' other interests
Members' capital (52,838) (65,570)
(52,838) (65,570)
(19,576) (31,572)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 33,262 33,998
Members' other interests (52,838) (65,570)
(19,576) (31,572)
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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 K Davis
Designated Member
Mr S Davis
Designated Member
16/01/2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 30%
1.4. 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. Average Number of Employees
Average number of employees, including members, during the year was as follows: NIL (2023: NIL)
- -
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3. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 8,743 1,067 9,890 19,700
As at 31 March 2024 8,743 1,067 9,890 19,700
Depreciation
As at 1 March 2023 5,118 267 9,121 14,506
Provided during the period 982 216 833 2,031
As at 31 March 2024 6,100 483 9,954 16,537
Net Book Value
As at 31 March 2024 2,643 584 (64 ) 3,163
As at 1 March 2023 3,625 800 769 5,194
4. Stocks
31 March 2024 28 February 2023
£ £
Stock 45,500 68,500
5. Debtors
31 March 2024 28 February 2023
£ £
Due within one year
Trade debtors 5,243 7,808
Prepayments and accrued income - 1,787
VAT 696 -
5,939 9,595
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 28 February 2023
£ £
Trade creditors 35,346 55,455
Bank loans and overdrafts 7,567 19,499
VAT - 4,574
42,913 79,528
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Page 6
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 28 February 2023
£ £
Bank loans 33,312 41,389
33,312 41,389
8. General Information
The Alchemy Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC326031 . The Registered Office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
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