Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 OC428181 Mr Grigory Lazarev Mr Paul Anthony Cleaver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC428181 2023-07-31 OC428181 2024-07-31 OC428181 2023-08-01 2024-07-31 OC428181 frs-core:CurrentFinancialInstruments 2024-07-31 OC428181 frs-core:ComputerEquipment 2024-07-31 OC428181 frs-core:ComputerEquipment 2023-08-01 2024-07-31 OC428181 frs-core:ComputerEquipment 2023-07-31 OC428181 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC428181 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC428181 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC428181 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC428181 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC428181 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC428181 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC428181 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC428181 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC428181 2022-07-31 OC428181 2023-07-31 OC428181 2022-08-01 2023-07-31 OC428181 frs-core:CurrentFinancialInstruments 2023-07-31
Registered number: OC428181
LAZAREV CLEAVER LLP
Unaudited Financial Statements
For The Year Ended 31 July 2024
Nathan Associates
Chartered Certified Accountants
116 Headstone Lane
Harrow
HA2 6JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC428181
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,641 1,733
1,641 1,733
CURRENT ASSETS
Debtors 5 117,172 46,187
Cash at bank and in hand 18,502 47,941
135,674 94,128
Creditors: Amounts Falling Due Within One Year 6 (43,178 ) (24,719 )
NET CURRENT ASSETS (LIABILITIES) 92,496 69,409
TOTAL ASSETS LESS CURRENT LIABILITIES 94,137 71,142
NET ASSETS ATTRIBUTABLE TO MEMBERS 94,137 71,142
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (178,780) -
Other amounts 272,917 249,922
94,137 249,922
Equity
Members' other interests
Members' capital - (178,780)
- (178,780)
94,137 71,142
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 94,137 249,922
Members' other interests - (178,780)
94,137 71,142
Page 1
Page 2
For the year ending 31 July 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 Grigory Lazarev
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
LAZAREV CLEAVER LLP is a limited liability partnership, incorporated in England & Wales, registered number OC428181 . The Registered Office is 200 New Kings Road, London, SW6 4NF.
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:
Computer Equipment 33% on costs
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 2,600
Additions 1,161
As at 31 July 2024 3,761
Depreciation
As at 1 August 2023 867
Provided during the period 1,253
As at 31 July 2024 2,120
Net Book Value
As at 31 July 2024 1,641
As at 1 August 2023 1,733
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 108,179 42,267
Prepayments and accrued income 8,993 3,920
117,172 46,187
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,859 15,027
VAT 20,965 8,972
Other creditors 879 -
Accruals and deferred income 3,475 720
43,178 24,719
Page 4