Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 31 March 2024 31 March 2024 OC419168 Mrs J Peppiatt Mr J Peppiatt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC419168 2023-09-30 OC419168 2024-03-31 OC419168 2023-10-01 2024-03-31 OC419168 frs-core:CurrentFinancialInstruments 2024-03-31 OC419168 frs-core:ComputerEquipment 2024-03-31 OC419168 frs-core:ComputerEquipment 2023-10-01 2024-03-31 OC419168 frs-core:ComputerEquipment 2023-09-30 OC419168 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-03-31 OC419168 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-03-31 OC419168 frs-bus:FilletedAccounts 2023-10-01 2024-03-31 OC419168 frs-bus:SmallEntities 2023-10-01 2024-03-31 OC419168 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-03-31 OC419168 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-03-31 OC419168 frs-countries:EnglandWales 2023-10-01 2024-03-31 OC419168 frs-bus:PartnerLLP1 2023-10-01 2024-03-31 OC419168 frs-bus:PartnerLLP2 2023-10-01 2024-03-31 OC419168 2022-09-30 OC419168 2023-09-30 OC419168 2022-10-01 2023-09-30 OC419168 frs-core:CurrentFinancialInstruments 2023-09-30
Registered number: OC419168
SO Souk LLP
Financial Statements
For the Period 1 October 2023 to 31 March 2024
Accounts Unlocked Limited
Office 43, The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: OC419168
31 March 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,224 862
1,224 862
CURRENT ASSETS
Stocks 5 33,000 40,000
Debtors 6 2,625 2,625
Cash at bank and in hand 13,850 3,979
49,475 46,604
Creditors: Amounts Falling Due Within One Year 7 (8,820 ) (13,072 )
NET CURRENT ASSETS (LIABILITIES) 40,655 33,532
TOTAL ASSETS LESS CURRENT LIABILITIES 41,879 34,394
NET ASSETS ATTRIBUTABLE TO MEMBERS 41,879 34,394
REPRESENTED BY:
Loans and other debts due to members
Other amounts 41,879 34,394
41,879 34,394
41,879 34,394
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 41,879 34,394
41,879 34,394
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 Income Statement.
On behalf of the members
Mrs J Peppiatt
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
SO Souk LLP is a limited liability partnership, incorporated in England & Wales, registered number OC419168 . The Registered Office is North Barn, Manor Farm Business Park, Appletree Road, Chipping Warden, Banbury, Oxfordshire, OX17 1LN.
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.
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:
Office Equipment 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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Office Equipment
£
Cost
As at 1 October 2023 1,124
Additions 500
As at 31 March 2024 1,624
Depreciation
As at 1 October 2023 262
Provided during the period 138
As at 31 March 2024 400
Net Book Value
As at 31 March 2024 1,224
As at 1 October 2023 862
Page 3
Page 4
5. Stocks
31 March 2024 30 September 2023
£ £
Stock 33,000 40,000
6. Debtors
31 March 2024 30 September 2023
£ £
Due within one year
Other debtors 2,625 2,625
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 September 2023
£ £
Trade creditors 4,612 6,512
Taxation and social security 4,208 6,560
8,820 13,072
Page 4