Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2022 1 August 2021 false 1 August 2022 31 March 2024 31 March 2024 OC320900 Elizabeth Armstrong Geoffrey Hawley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC320900 2022-07-31 OC320900 2024-03-31 OC320900 2022-08-01 2024-03-31 OC320900 frs-core:CurrentFinancialInstruments 2024-03-31 OC320900 frs-core:Non-currentFinancialInstruments 2024-03-31 OC320900 frs-core:BetweenOneFiveYears 2024-03-31 OC320900 frs-core:ComputerEquipment 2024-03-31 OC320900 frs-core:ComputerEquipment 2022-08-01 2024-03-31 OC320900 frs-core:ComputerEquipment 2022-07-31 OC320900 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2024-03-31 OC320900 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2024-03-31 OC320900 frs-core:MotorVehicles 2024-03-31 OC320900 frs-core:MotorVehicles 2022-08-01 2024-03-31 OC320900 frs-core:MotorVehicles 2022-07-31 OC320900 frs-core:OtherResidualIntangibleAssets 2024-03-31 OC320900 frs-core:OtherResidualIntangibleAssets 2022-08-01 2024-03-31 OC320900 frs-core:OtherResidualIntangibleAssets 2022-07-31 OC320900 frs-core:PlantMachinery 2024-03-31 OC320900 frs-core:PlantMachinery 2022-08-01 2024-03-31 OC320900 frs-core:PlantMachinery 2022-07-31 OC320900 frs-bus:LimitedLiabilityPartnershipLLP 2022-08-01 2024-03-31 OC320900 frs-bus:LimitedLiabilityPartnershipsSORP 2022-08-01 2024-03-31 OC320900 frs-bus:FilletedAccounts 2022-08-01 2024-03-31 OC320900 frs-bus:SmallEntities 2022-08-01 2024-03-31 OC320900 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2024-03-31 OC320900 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2024-03-31 OC320900 frs-countries:EnglandWales 2022-08-01 2024-03-31 OC320900 frs-bus:PartnerLLP1 2022-08-01 2024-03-31 OC320900 frs-bus:PartnerLLP2 2022-08-01 2024-03-31 OC320900 2021-07-31 OC320900 2022-07-31 OC320900 2021-08-01 2022-07-31 OC320900 frs-core:CurrentFinancialInstruments 2022-07-31 OC320900 frs-core:Non-currentFinancialInstruments 2022-07-31 OC320900 frs-core:BetweenOneFiveYears 2022-07-31 OC320900 frs-core:WithinOneYear 2022-07-31
Registered number: OC320900
Wigs Up North LLP
Financial Statements
For the Period 1 August 2022 to 31 March 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC320900
31 March 2024 31 July 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 100,125
Tangible Assets 5 21,212 23,525
21,212 123,650
CURRENT ASSETS
Stocks 6 4,250 12,210
Debtors 7 3,282 3,002
Cash at bank and in hand 141,992 80,677
149,524 95,889
Creditors: Amounts Falling Due Within One Year 8 (7,718 ) (36,057 )
NET CURRENT ASSETS (LIABILITIES) 141,806 59,832
TOTAL ASSETS LESS CURRENT LIABILITIES 163,018 183,482
Creditors: Amounts Falling Due After More Than One Year 9 (46,821 ) (75,873 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 116,197 107,609
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 59,026 50,438
59,026 50,438
Equity
Members' other interests
Members' capital 57,171 57,171
57,171 57,171
116,197 107,609
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 59,026 50,438
Members' other interests 57,171 57,171
116,197 107,609
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
Elizabeth Armstrong
Designated Member
13 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wigs Up North LLP is a limited liability partnership, incorporated in England & Wales, registered number OC320900 . The Registered Office is Bank House, Market Street, Whaley Bridge, Derbyshire, SK23 7AA.
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 .... It is amortised to profit and loss account over its estimated economic life of .... 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:
Freehold 0% Straight Line
Plant & Machinery 5% Straight Line
Motor Vehicles 5% Straight Line
Computer Equipment 5% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.6. 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 (2022: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 August 2022 100,125
Disposals (100,125 )
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 August 2022 100,125
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 14,563 22,668 8,602 45,833
As at 31 March 2024 14,563 22,668 8,602 45,833
Depreciation
As at 1 August 2022 12,970 945 8,393 22,308
Provided during the period 215 1,889 209 2,313
As at 31 March 2024 13,185 2,834 8,602 24,621
Net Book Value
As at 31 March 2024 1,378 19,834 - 21,212
As at 1 August 2022 1,593 21,723 209 23,525
6. Stocks
31 March 2024 31 July 2022
£ £
Stock 4,250 -
Materials - 12,210
4,250 12,210
7. Debtors
31 March 2024 31 July 2022
£ £
Due within one year
Trade debtors 600 3,002
Prepayments and accrued income 2,682 -
3,282 3,002
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 July 2022
£ £
Net obligations under finance lease and hire purchase contracts - 16,682
Trade creditors 233 7,333
Other taxes and social security - 26
VAT 5,605 11,057
Net wages - 19
Accruals and deferred income 1,880 940
7,718 36,057
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 July 2022
£ £
Net obligations under finance lease and hire purchase contracts 25,256 -
Bank loans 21,565 75,873
46,821 75,873
10. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 July 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 16,682
Later than one year and not later than five years 25,256 -
25,256 16,682
25,256 16,682
Page 5