Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SO302140 Mrs Nadia Hajjaj-McGuire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO302140 2023-03-31 SO302140 2024-03-31 SO302140 2023-04-01 2024-03-31 SO302140 frs-core:CurrentFinancialInstruments 2024-03-31 SO302140 frs-core:ComputerEquipment 2024-03-31 SO302140 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SO302140 frs-core:ComputerEquipment 2023-03-31 SO302140 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 SO302140 frs-core:FurnitureFittings 2024-03-31 SO302140 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SO302140 frs-core:FurnitureFittings 2023-03-31 SO302140 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 SO302140 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SO302140 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SO302140 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SO302140 frs-core:OtherResidualIntangibleAssets 2024-03-31 SO302140 frs-core:OtherResidualIntangibleAssets 2023-03-31 SO302140 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 SO302140 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 SO302140 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SO302140 frs-bus:SmallEntities 2023-04-01 2024-03-31 SO302140 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SO302140 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SO302140 frs-countries:Scotland 2023-04-01 2024-03-31 SO302140 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 SO302140 2022-03-31 SO302140 2023-03-31 SO302140 2022-04-01 2023-03-31 SO302140 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: SO302140
Glasgow Southside Orthodontics Llp
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO302140
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 60,347 5,927
60,347 5,927
CURRENT ASSETS
Debtors 6 114,897 62,639
Cash at bank and in hand 104,791 7,877
219,688 70,516
Creditors: Amounts Falling Due Within One Year 7 (136,510 ) (29,109 )
NET CURRENT ASSETS (LIABILITIES) 83,178 41,407
TOTAL ASSETS LESS CURRENT LIABILITIES 143,525 47,334
NET ASSETS ATTRIBUTABLE TO MEMBERS 143,525 47,334
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 1,372,058 1,166,851
1,372,058 1,166,851
Equity
Members' other interests
Members' capital (1,607,940) (1,498,924)
Other reserves 379,407 379,407
(1,228,533) (1,119,517)
143,525 47,334
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 1,372,058 1,166,851
Members' other interests (1,228,533) (1,119,517)
143,525 47,334
Page 1
Page 2
For the year 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 member acknowledges his 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
Mrs Nadia Hajjaj-McGuire
Designated Member
30th 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
Glasgow Southside Orthodontics Llp is a limited liability partnership, incorporated in Scotland, registered number SO302140 . The Registered Office is 1st Floor Office Suite,Unit 1, Spiersbridge Business Park, Glasgow, G46 8NL.
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 10% Striaght Line
Leasehold 10% Striaght Line
Fixtures & Fittings 20% Striaght Line
Computer Equipment 33.3% Striaght Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 5,750
As at 31 March 2024 5,750
Amortisation
As at 1 April 2023 5,750
As at 31 March 2024 5,750
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 33,621 139,285 32,650 205,556
Additions - 60,390 - 60,390
As at 31 March 2024 33,621 199,675 32,650 265,946
Depreciation
As at 1 April 2023 33,621 138,896 27,112 199,629
Provided during the period - 3,204 2,766 5,970
As at 31 March 2024 33,621 142,100 29,878 205,599
Net Book Value
As at 31 March 2024 - 57,575 2,772 60,347
As at 1 April 2023 - 389 5,538 5,927
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 62,639 62,639
Other taxes and social security 52,258 -
114,897 62,639
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,414 16,413
Bank loans and overdrafts 112,510 -
Other taxes and social security - 5,110
Accruals and deferred income 7,586 7,586
136,510 29,109
Page 4