Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SO305717 Mr George Julian Mr Adam Neil iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO305717 2023-06-30 SO305717 2024-06-30 SO305717 2023-07-01 2024-06-30 SO305717 frs-core:CurrentFinancialInstruments 2024-06-30 SO305717 frs-core:MotorVehicles 2024-06-30 SO305717 frs-core:MotorVehicles 2023-07-01 2024-06-30 SO305717 frs-core:MotorVehicles 2023-06-30 SO305717 frs-core:PlantMachinery 2024-06-30 SO305717 frs-core:PlantMachinery 2023-07-01 2024-06-30 SO305717 frs-core:PlantMachinery 2023-06-30 SO305717 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 SO305717 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-06-30 SO305717 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SO305717 frs-bus:SmallEntities 2023-07-01 2024-06-30 SO305717 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SO305717 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SO305717 frs-countries:Scotland 2023-07-01 2024-06-30 SO305717 frs-bus:PartnerLLP1 2023-07-01 2024-06-30 SO305717 frs-bus:PartnerLLP2 2023-07-01 2024-06-30 SO305717 2022-06-30 SO305717 2023-06-30 SO305717 2022-07-01 2023-06-30 SO305717 frs-core:CurrentFinancialInstruments 2023-06-30
Registered number: SO305717
Hard Pressed Cider Distribution LLP
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO305717
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,735 11,666
7,735 11,666
CURRENT ASSETS
Stocks 5 20,623 19,744
Debtors 6 46,878 32,860
Cash at bank and in hand 11,162 6,152
78,663 58,756
Creditors: Amounts Falling Due Within One Year 7 (40,659 ) (21,929 )
NET CURRENT ASSETS (LIABILITIES) 38,004 36,827
TOTAL ASSETS LESS CURRENT LIABILITIES 45,739 48,493
NET ASSETS ATTRIBUTABLE TO MEMBERS 45,739 48,493
REPRESENTED BY:
Equity
Members' other interests
Members' capital (30,392) (4,393)
Revaluation reserve 29,398 29,398
Other reserves 46,733 23,488
45,739 48,493
TOTAL MEMBERS' INTEREST
Members' other interests 45,739 48,493
45,739 48,493
Page 1
Page 2
For the year ending 30 June 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 George Julian
Designated Member
18/03/2025
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
Hard Pressed Cider Distribution LLP is a limited liability partnership, incorporated in Scotland, registered number SO305717 . The Registered Office is 10 Meadowbank Avenue , Edinburgh , EH8 7AP.
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 25% straight line
Motor Vehicles 25% 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 year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 219 15,667 15,886
As at 30 June 2024 219 15,667 15,886
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 July 2023 205 4,015 4,220
Provided during the period 14 3,917 3,931
As at 30 June 2024 219 7,932 8,151
Net Book Value
As at 30 June 2024 - 7,735 7,735
As at 1 July 2023 14 11,652 11,666
5. Stocks
2024 2023
£ £
Stock 20,623 19,744
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,878 32,860
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,782 9,686
Bank loans and overdrafts 9,733 13,383
Other creditors 700 (2,899)
Taxation and social security 3,444 1,759
40,659 21,929
Page 4