Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 July 2023 false 1 April 2024 31 March 2025 31 March 2025 OC375378 Mr D W Haley Mrs J H Haley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC375378 2024-03-31 OC375378 2025-03-31 OC375378 2024-04-01 2025-03-31 OC375378 frs-core:CurrentFinancialInstruments 2025-03-31 OC375378 frs-core:Non-currentFinancialInstruments 2025-03-31 OC375378 frs-core:BetweenOneFiveYears 2025-03-31 OC375378 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC375378 frs-core:MotorVehicles 2025-03-31 OC375378 frs-core:MotorVehicles 2024-04-01 2025-03-31 OC375378 frs-core:MotorVehicles 2024-03-31 OC375378 frs-core:PlantMachinery 2025-03-31 OC375378 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC375378 frs-core:PlantMachinery 2024-03-31 OC375378 frs-core:WithinOneYear 2025-03-31 OC375378 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC375378 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC375378 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC375378 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC375378 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC375378 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC375378 frs-core:UnlistedNon-exchangeTraded 2025-03-31 OC375378 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC375378 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC375378 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 OC375378 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC375378 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 OC375378 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC375378 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC375378 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC375378 2023-06-30 OC375378 2024-03-31 OC375378 2023-07-01 2024-03-31 OC375378 frs-core:CurrentFinancialInstruments 2024-03-31 OC375378 frs-core:Non-currentFinancialInstruments 2024-03-31 OC375378 frs-core:BetweenOneFiveYears 2024-03-31 OC375378 frs-core:WithinOneYear 2024-03-31
Registered number: OC375378
Jade Tyres LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Simon Laskey Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: OC375378
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,396 42,382
Investments 5 1 1
32,397 42,383
CURRENT ASSETS
Stocks 6 59,367 83,432
Debtors 7 377,941 361,338
437,308 444,770
Creditors: Amounts Falling Due Within One Year 8 (444,541 ) (399,131 )
NET CURRENT ASSETS (LIABILITIES) (7,233 ) 45,639
TOTAL ASSETS LESS CURRENT LIABILITIES 25,164 88,022
Creditors: Amounts Falling Due After More Than One Year 9 (25,164 ) (88,022 )
NET ASSETS ATTRIBUTABLE TO MEMBERS - -
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability (49,026) (18,781)
Other amounts 49,026 18,781
- -
TOTAL MEMBERS' INTEREST
Amounts due from members (22,475) (28,595)
(22,475) (28,595)
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 Income Statement.
On behalf of the members
Mr D W Haley
Designated Member
01/05/2025
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
Jade Tyres LLP is a limited liability partnership, incorporated in England & Wales, registered number OC375378 . The Registered Office is Unit A, Old Cosgrove Road, Old Stratford, Milton Keynes, MK19 6FQ.
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:
Plant & Machinery 25% Straight line
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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: 7 (2024: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 22,992 97,666 120,658
Additions 749 - 749
Disposals (22,922 ) - (22,922 )
As at 31 March 2025 819 97,666 98,485
Depreciation
As at 1 April 2024 22,992 55,284 78,276
Provided during the period 140 10,595 10,735
Disposals (22,922 ) - (22,922 )
As at 31 March 2025 210 65,879 66,089
Net Book Value
As at 31 March 2025 609 31,787 32,396
As at 1 April 2024 - 42,382 42,382
5. Investments
Unlisted
£
Cost
As at 1 April 2024 1
As at 31 March 2025 1
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1
As at 1 April 2024 1
6. Stocks
31 March 2025 31 March 2024
£ £
Stock 59,367 83,432
Page 4
Page 5
7. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 206,383 183,943
Other debtors 2,187 -
Amounts owed by group undertakings 146,896 148,800
Amounts due from members 22,475 28,595
377,941 361,338
8. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,323 5,323
Trade creditors 138,474 143,108
Bank loans and overdrafts 251,066 225,007
Other taxes and social security 40,867 23,614
Other creditors 2,111 2,079
Accruals and deferred income 6,700 -
444,541 399,131
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,203 15,526
Bank loans 14,961 72,496
25,164 88,022
10. Obligations Under Finance Leases and Hire Purchase
31 March 2025 31 March 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,323 5,323
Later than one year and not later than five years 10,203 15,526
15,526 20,849
15,526 20,849
Page 5