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 OC386465 Mr Emerson Rodrigues Clinkett Mr Kwok-wai Lau iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC386465 2023-07-31 OC386465 2024-07-31 OC386465 2023-08-01 2024-07-31 OC386465 frs-core:CurrentFinancialInstruments 2024-07-31 OC386465 frs-bus:LimitedLiabilityPartnershipLLP 2023-08-01 2024-07-31 OC386465 frs-bus:LimitedLiabilityPartnershipsSORP 2023-08-01 2024-07-31 OC386465 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 OC386465 frs-bus:SmallEntities 2023-08-01 2024-07-31 OC386465 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 OC386465 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 OC386465 frs-countries:EnglandWales 2023-08-01 2024-07-31 OC386465 frs-bus:PartnerLLP1 2023-08-01 2024-07-31 OC386465 frs-bus:PartnerLLP2 2023-08-01 2024-07-31 OC386465 2022-07-31 OC386465 2023-07-31 OC386465 2022-08-01 2023-07-31 OC386465 frs-core:CurrentFinancialInstruments 2023-07-31
Registered number: OC386465
STUDIO EK LLP
Unaudited Financial Statements
For The Year Ended 31 July 2024
Asmita & Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: OC386465
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 17,663 29,306
17,663 29,306
Creditors: Amounts Falling Due Within One Year 4 (2,047 ) (1,007 )
NET CURRENT ASSETS (LIABILITIES) 15,616 28,299
TOTAL ASSETS LESS CURRENT LIABILITIES 15,616 28,299
NET ASSETS ATTRIBUTABLE TO MEMBERS 15,616 28,299
REPRESENTED BY:
Loans and other debts due to members
Other amounts 22,349 22,341
22,349 22,341
Equity
Members' other interests
Members' capital (42,839) (30,148)
Other reserves 36,106 36,106
(6,733) 5,958
15,616 28,299
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 22,349 22,341
Members' other interests (6,733) 5,958
15,616 28,299
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 Kwok-wai Lau
Designated Member
16/01/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
STUDIO EK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC386465 . The Registered Office is 114-116 PLUMSTEAD HIGH STREET, PLUMSTEAD, LONDON, SE18 1SJ.
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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 759 -
Bank loans and overdrafts 568 407
Other creditors 720 600
2,047 1,007
Page 3