Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 31 March 2024 31 March 2024 OC308701 Mr Austin Ogbata Mr Charanjit Singh Thandi Mr Rafik Karim Mr Jonathan Andrew Green Mr Sameer Karim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC308701 2023-06-30 OC308701 2024-03-31 OC308701 2023-07-01 2024-03-31 OC308701 frs-core:CurrentFinancialInstruments 2024-03-31 OC308701 frs-core:Non-currentFinancialInstruments 2024-03-31 OC308701 frs-core:MotorVehicles 2023-07-01 2024-03-31 OC308701 frs-core:PlantMachinery 2024-03-31 OC308701 frs-core:PlantMachinery 2023-07-01 2024-03-31 OC308701 frs-core:PlantMachinery 2023-06-30 OC308701 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-03-31 OC308701 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-03-31 OC308701 frs-bus:FilletedAccounts 2023-07-01 2024-03-31 OC308701 frs-bus:SmallEntities 2023-07-01 2024-03-31 OC308701 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 OC308701 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 OC308701 frs-countries:EnglandWales 2023-07-01 2024-03-31 OC308701 frs-bus:PartnerLLP1 2023-07-01 2024-03-31 OC308701 frs-bus:PartnerLLP2 2023-07-01 2024-03-31 OC308701 frs-bus:PartnerLLP3 2023-07-01 2024-03-31 OC308701 frs-bus:PartnerLLP4 2023-07-01 2024-03-31 OC308701 frs-bus:PartnerLLP5 2023-07-01 2024-03-31 OC308701 2022-06-30 OC308701 2023-06-30 OC308701 2022-07-01 2023-06-30 OC308701 frs-core:CurrentFinancialInstruments 2023-06-30 OC308701 frs-core:Non-currentFinancialInstruments 2023-06-30
Registered number: OC308701
Douglas Wemyss Solicitors LLP
Unaudited Financial Statements
For the Period 1 July 2023 to 31 March 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC308701
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,698 17,123
13,698 17,123
CURRENT ASSETS
Stocks 255,746 109,803
Debtors 5 956,143 1,081,293
Cash at bank and in hand 4,810 4,430
1,216,699 1,195,526
Creditors: Amounts Falling Due Within One Year 6 (380,213 ) (285,696 )
NET CURRENT ASSETS (LIABILITIES) 836,486 909,830
TOTAL ASSETS LESS CURRENT LIABILITIES 850,184 926,953
Creditors: Amounts Falling Due After More Than One Year 7 (1,440,592 ) (1,566,262 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (590,408 ) (639,309 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (2,437,134) (2,344,630)
(2,437,134) (2,344,630)
Equity
Members' other interests
Members' capital 512,874 512,874
Other reserves 1,333,852 1,192,447
1,846,726 1,705,321
(590,408) (639,309)
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year (2,437,134) (2,344,630)
Members' other interests 1,846,726 1,705,321
(590,408) (639,309)
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
Mr Sameer Karim
Designated Member
12th March 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
Douglas Wemyss Solicitors LLP is a limited liability partnership, incorporated in England & Wales, registered number OC308701 . The Registered Office is 50 Woodgate, Leicester, LE3 5GF.
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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 22 (2023: 22)
22 22
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 92,845
As at 31 March 2024 92,845
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 75,722
Provided during the period 3,425
As at 31 March 2024 79,147
Net Book Value
As at 31 March 2024 13,698
As at 1 July 2023 17,123
5. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Trade debtors 473,854 560,725
Other debtors 482,289 520,568
956,143 1,081,293
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Trade creditors 105,691 97,315
Bank loans and overdrafts 30,174 39,735
Other taxes and social security 119,083 128,227
Other creditors 125,265 20,419
380,213 285,696
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 June 2023
£ £
Trade creditors 1,409,973 1,531,709
Bank loans 30,619 34,553
1,440,592 1,566,262
Page 4