Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 OC404576 Hornbeck Ltd Mr R G Walton Mr M B Walton Mr C M Walton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC404576 2023-07-31 OC404576 2024-07-31 OC404576 2023-08-01 2024-07-31 OC404576 frs-core:ComputerEquipment 2024-07-31 OC404576 frs-core:ComputerEquipment 2023-08-01 2024-07-31 OC404576 frs-core:ComputerEquipment 2023-07-31 OC404576 frs-core:FurnitureFittings 2024-07-31 OC404576 frs-core:FurnitureFittings 2023-08-01 2024-07-31 OC404576 frs-core:FurnitureFittings 2023-07-31 OC404576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 OC404576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 OC404576 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 OC404576 frs-core:MotorVehicles 2024-07-31 OC404576 frs-core:MotorVehicles 2023-08-01 2024-07-31 OC404576 frs-core:MotorVehicles 2023-07-31 OC404576 frs-core:PlantMachinery 2024-07-31 OC404576 frs-core:PlantMachinery 2023-08-01 2024-07-31 OC404576 frs-core:PlantMachinery 2023-07-31 OC404576 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC404576 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC404576 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC404576 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC404576 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC404576 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC404576 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC404576 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC404576 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC404576 frs-bus:PartnerLLP3 2023-08-01 2024-07-31 OC404576 frs-bus:PartnerLLP4 2023-08-01 2024-07-31 OC404576 2022-07-31 OC404576 2023-07-31 OC404576 2022-08-01 2023-07-31 OC404576 frs-core:CurrentFinancialInstruments 2023-07-31
Registered number: OC404576
Arkley Labels LLP
Unaudited Financial Statements
For The Year Ended 31 July 2024
C&H Stedman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC404576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 283,011
- 283,011
CURRENT ASSETS
Stocks - 364,742
Debtors 5 - 198,423
Cash at bank and in hand - 487,284
- 1,050,449
Creditors: Amounts Falling Due Within One Year 6 - (212,272 )
NET CURRENT ASSETS (LIABILITIES) - 838,177
TOTAL ASSETS LESS CURRENT LIABILITIES - 1,121,188
NET ASSETS ATTRIBUTABLE TO MEMBERS - 1,121,188
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts - 1,121,188
- 1,121,188
- 1,121,188
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year - 1,121,188
- 1,121,188
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 C M Walton
Designated Member
9 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arkley Labels LLP is a limited liability partnership, incorporated in England & Wales, registered number OC404576 . The Registered Office is Noble House, Eaton Road, Hemel Hempstead, Hertfordshire, HP2 7UB.
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:
Freehold n/a
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 20% 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
The average number of employees during the year was  NIL (2023: 6)
- 6
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 206,249 32,947 83,400 114,769
Disposals (206,249 ) (32,947 ) (83,400 ) (114,769 )
As at 31 July 2024 - - - -
Depreciation
As at 1 August 2023 - 28,864 47,205 78,285
Disposals - (28,864 ) (47,205 ) (78,285 )
As at 31 July 2024 - - - -
Net Book Value
As at 31 July 2024 - - - -
As at 1 August 2023 206,249 4,083 36,195 36,484
Computer Equipment Total
£ £
Cost
As at 1 August 2023 191 437,556
Disposals (191 ) (437,556 )
As at 31 July 2024 - -
Depreciation
As at 1 August 2023 191 154,545
Disposals (191 ) (154,545 )
As at 31 July 2024 - -
Net Book Value
As at 31 July 2024 - -
As at 1 August 2023 - 283,011
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 159,600
Other debtors - 38,823
- 198,423
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 141,564
Other creditors - 17,858
Taxation and social security - 52,850
- 212,272
Page 5