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 OC437978 Mr Jack Burns Mr Gracjan Krzyzan Mr Vladislavs Zimelis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC437978 2023-06-30 OC437978 2024-06-30 OC437978 2023-07-01 2024-06-30 OC437978 frs-core:ComputerEquipment 2023-07-01 2024-06-30 OC437978 frs-core:FurnitureFittings 2023-07-01 2024-06-30 OC437978 frs-bus:LimitedLiabilityPartnershipLLP 2023-07-01 2024-06-30 OC437978 frs-bus:LimitedLiabilityPartnershipsSORP 2023-07-01 2024-06-30 OC437978 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 OC437978 frs-bus:SmallEntities 2023-07-01 2024-06-30 OC437978 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 OC437978 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 OC437978 frs-countries:EnglandWales 2023-07-01 2024-06-30 OC437978 frs-bus:PartnerLLP1 2023-07-01 2024-06-30 OC437978 frs-bus:PartnerLLP2 2023-07-01 2024-06-30 OC437978 frs-bus:PartnerLLP3 2023-07-01 2024-06-30 OC437978 2022-06-30 OC437978 2023-06-30 OC437978 2022-07-01 2023-06-30
Registered number: OC437978
Shimmer Products LLP
ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Nicholson Tax & Accounts
8 Chapel Street
Belper
DE56 1AR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: OC437978
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 820 1,207
820 1,207
CURRENT ASSETS
Stocks 14,500 8,610
Debtors 5,888 8,395
Cash at bank and in hand 2,530 780
22,918 17,785
Creditors: Amounts Falling Due Within One Year (905 ) (1,091 )
NET CURRENT ASSETS (LIABILITIES) 22,013 16,694
TOTAL ASSETS LESS CURRENT LIABILITIES 22,833 17,901
NET ASSETS ATTRIBUTABLE TO MEMBERS 22,833 17,901
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 288 -
288 -
Equity
Members' other interests
Members' capital 22,545 17,901
22,545 17,901
22,833 17,901
TOTAL MEMBERS' INTEREST
Amounts due from members (5,351) (7,946)
Loans and other debts due to members within one year 288 -
Members' other interests 22,545 17,901
17,482 9,955
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.
All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the members
Mr Jack Burns
Designated Member
Mr Gracjan Krzyzan
Designated Member
23rd December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Shimmer Products LLP is a limited liability partnership, incorporated in England & Wales, registered number OC437978 . The Registered Office is Unit 6 Cotton Industrial Estate, Church Gresley, Swadlincote, Derbyshire, DE11 9NR.
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:
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
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: 3 (2023: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 1,722
Additions 166
As at 30 June 2024 1,888
Depreciation
As at 1 July 2023 515
Provided during the period 553
As at 30 June 2024 1,068
Net Book Value
As at 30 June 2024 820
As at 1 July 2023 1,207
Page 4