Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC305541 Bruce Allen Acountancy Services Limited Mr Andrew Catley Mr Paul Goff iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC305541 2024-03-31 OC305541 2025-03-31 OC305541 2024-04-01 2025-03-31 OC305541 frs-core:CurrentFinancialInstruments 2025-03-31 OC305541 frs-core:Non-currentFinancialInstruments 2025-03-31 OC305541 frs-core:ComputerEquipment 2025-03-31 OC305541 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC305541 frs-core:ComputerEquipment 2024-03-31 OC305541 frs-core:FurnitureFittings 2025-03-31 OC305541 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC305541 frs-core:FurnitureFittings 2024-03-31 OC305541 frs-core:NetGoodwill 2025-03-31 OC305541 frs-core:NetGoodwill 2024-04-01 2025-03-31 OC305541 frs-core:NetGoodwill 2024-03-31 OC305541 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC305541 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC305541 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC305541 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC305541 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC305541 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC305541 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC305541 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC305541 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC305541 frs-bus:PartnerLLP3 2024-04-01 2025-03-31 OC305541 2023-03-31 OC305541 2024-03-31 OC305541 2023-04-01 2024-03-31 OC305541 frs-core:CurrentFinancialInstruments 2024-03-31 OC305541 frs-core:Non-currentFinancialInstruments 2024-03-31
Registered number: OC305541
Bruce Allen LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Bruce Allen LLP
Bruce Allen Llp Ground Floor Suite Crown House
40 North Street
Hornchurch
RM11 1EW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC305541
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 592,060 592,060
Tangible Assets 5 13,762 16,983
605,822 609,043
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 47,857 67,539
Cash at bank and in hand 94,754 136,126
147,611 208,665
Creditors: Amounts Falling Due Within One Year 8 (37,984 ) (74,632 )
NET CURRENT ASSETS (LIABILITIES) 109,627 134,033
TOTAL ASSETS LESS CURRENT LIABILITIES 715,449 743,076
Creditors: Amounts Falling Due After More Than One Year 9 - (25,092 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 715,449 717,984
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 715,449 717,984
715,449 717,984
715,449 717,984
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 715,449 717,984
715,449 717,984
Page 1
Page 2
For the year ending 31 March 2025 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 Andrew Catley
Designated Member
25th April 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
Bruce Allen LLP is a limited liability partnership, incorporated in England & Wales, registered number OC305541 . The Registered Office is Ground Floor Suite Crown House, 40 North Street, Hornchurch, Essex, RM11 1EW.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is not amortised as the partners are happy the Goodwill in the accounts reflects the current value.
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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. 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: 6 (2024: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 592,060
As at 31 March 2025 592,060
Net Book Value
As at 31 March 2025 592,060
As at 1 April 2024 592,060
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 83,697 23,788 107,485
Additions - 1,365 1,365
As at 31 March 2025 83,697 25,153 108,850
Depreciation
As at 1 April 2024 81,092 9,410 90,502
Provided during the period 651 3,935 4,586
As at 31 March 2025 81,743 13,345 95,088
Net Book Value
As at 31 March 2025 1,954 11,808 13,762
As at 1 April 2024 2,605 14,378 16,983
6. Stocks
2025 2024
£ £
Work in progress 5,000 5,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 35,680 55,062
Prepayments and accrued income 12,177 12,177
Other debtors - 300
47,857 67,539
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,246 4,907
Bank loans and overdrafts - 21,600
Other taxes and social security 2,037 2,120
VAT 26,712 40,196
Other creditors 226 1,121
Accruals and deferred income 4,763 4,688
37,984 74,632
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 25,092
Page 4