Acorah Software Products - Accounts Production 14.6.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 OC413904 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC413904 2023-09-30 OC413904 2024-09-30 OC413904 2023-10-01 2024-09-30 OC413904 frs-core:CurrentFinancialInstruments 2024-09-30 OC413904 frs-core:ComputerEquipment 2024-09-30 OC413904 frs-core:ComputerEquipment 2023-10-01 2024-09-30 OC413904 frs-core:ComputerEquipment 2023-09-30 OC413904 frs-core:FurnitureFittings 2024-09-30 OC413904 frs-core:FurnitureFittings 2023-10-01 2024-09-30 OC413904 frs-core:FurnitureFittings 2023-09-30 OC413904 frs-core:MotorVehicles 2024-09-30 OC413904 frs-core:MotorVehicles 2023-10-01 2024-09-30 OC413904 frs-core:MotorVehicles 2023-09-30 OC413904 frs-core:PlantMachinery 2024-09-30 OC413904 frs-core:PlantMachinery 2023-10-01 2024-09-30 OC413904 frs-core:PlantMachinery 2023-09-30 OC413904 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-09-30 OC413904 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-09-30 OC413904 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 OC413904 frs-bus:SmallEntities 2023-10-01 2024-09-30 OC413904 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 OC413904 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 OC413904 frs-countries:EnglandWales 2023-10-01 2024-09-30 OC413904 frs-bus:PartnerLLP1 2023-10-01 2024-09-30 OC413904 2022-09-30 OC413904 2023-09-30 OC413904 2022-10-01 2023-09-30 OC413904 frs-core:CurrentFinancialInstruments 2023-09-30
Registered number: OC413904
Flog My Car LLP
Unaudited Financial Statements
For The Year Ended 30 September 2024
Chandler Tuck Limited
Chartered Accountants
1st Floor
30 North Street
Ashford
Kent
TN24 8JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC413904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,655 6,905
5,655 6,905
CURRENT ASSETS
Debtors 5 49,576 81,323
Cash at bank and in hand 300 300
49,876 81,623
Creditors: Amounts Falling Due Within One Year 6 (29,359 ) (51,339 )
NET CURRENT ASSETS (LIABILITIES) 20,517 30,284
TOTAL ASSETS LESS CURRENT LIABILITIES 26,172 37,189
NET ASSETS ATTRIBUTABLE TO MEMBERS 26,172 37,189
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 26,172 53,342
26,172 53,342
Equity
Members' other interests
Members' capital - (9,370)
Other reserves - (6,783)
- (16,153)
26,172 37,189
TOTAL MEMBERS' INTEREST
Amounts due from members (43,547) (71,376)
Loans and other debts due to members within one year 26,172 53,342
Members' other interests - (16,153)
(17,375) (34,187)
Page 1
Page 2
For the year ending 30 September 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 Julian Blackborrow
Partner
22 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
Flog My Car LLP is a limited liability partnership, incorporated in England & Wales, registered number OC413904 . The Registered Office is Unit 28, Leigh Green Industrial Estate, Tenterden, Kent, TN30 7DE.
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:
Plant & Machinery 15% on a reducing balance
Motor Vehicles 25% on a reducing balance
Fixtures & Fittings 15% on a reducing balance
Computer Equipment 50% of cost
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was:
2024 2023
Office and administration 1 1
Manufacturing 1 1
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 5,160 5,900 3,741 267 15,068
As at 30 September 2024 5,160 5,900 3,741 267 15,068
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 October 2023 2,110 3,680 2,106 267 8,163
Provided during the period 450 555 245 - 1,250
As at 30 September 2024 2,560 4,235 2,351 267 9,413
Net Book Value
As at 30 September 2024 2,600 1,665 1,390 - 5,655
As at 1 October 2023 3,050 2,220 1,635 - 6,905
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,464
VAT 6,029 -
Other taxes and social security - 7,483
Amounts due from members 43,547 71,376
49,576 81,323
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 7,887
Bank loans and overdrafts 28,859 34,109
VAT - 8,343
Other creditors 500 1,000
29,359 51,339
Page 4