Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 31 March 2024 31 March 2024 OC353575 Mr John Moore Ms Michelle Vincent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC353575 2023-09-30 OC353575 2024-03-31 OC353575 2023-10-01 2024-03-31 OC353575 frs-core:CurrentFinancialInstruments 2024-03-31 OC353575 frs-core:Non-currentFinancialInstruments 2024-03-31 OC353575 frs-core:ComputerEquipment 2024-03-31 OC353575 frs-core:ComputerEquipment 2023-10-01 2024-03-31 OC353575 frs-core:ComputerEquipment 2023-09-30 OC353575 frs-core:FurnitureFittings 2024-03-31 OC353575 frs-core:FurnitureFittings 2023-10-01 2024-03-31 OC353575 frs-core:FurnitureFittings 2023-09-30 OC353575 frs-core:NetGoodwill 2024-03-31 OC353575 frs-core:NetGoodwill 2023-10-01 2024-03-31 OC353575 frs-core:NetGoodwill 2023-09-30 OC353575 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 OC353575 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-03-31 OC353575 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 OC353575 frs-core:MotorVehicles 2024-03-31 OC353575 frs-core:MotorVehicles 2023-10-01 2024-03-31 OC353575 frs-core:MotorVehicles 2023-09-30 OC353575 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-03-31 OC353575 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-03-31 OC353575 frs-bus:FilletedAccounts 2023-10-01 2024-03-31 OC353575 frs-bus:SmallEntities 2023-10-01 2024-03-31 OC353575 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-03-31 OC353575 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-03-31 OC353575 frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC353575 frs-core:UnlistedNon-exchangeTraded 2023-09-30 OC353575 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 OC353575 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC353575 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 OC353575 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 OC353575 frs-countries:EnglandWales 2023-10-01 2024-03-31 OC353575 frs-bus:PartnerLLP1 2023-10-01 2024-03-31 OC353575 frs-bus:PartnerLLP2 2023-10-01 2024-03-31 OC353575 2022-09-30 OC353575 2023-09-30 OC353575 2022-10-01 2023-09-30 OC353575 frs-core:CurrentFinancialInstruments 2023-09-30 OC353575 frs-core:Non-currentFinancialInstruments 2023-09-30
Registered number: OC353575
Fruition Advisory LLP
Financial Statements
For the Period 1 October 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: OC353575
31 March 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 651,300 701,400
Tangible Assets 5 15,737 18,894
Investments 6 2 2
667,039 720,296
CURRENT ASSETS
Stocks 7 24,500 42,865
Debtors 8 249,128 134,432
Cash at bank and in hand 3 -
273,631 177,297
Creditors: Amounts Falling Due Within One Year 9 (589,261 ) (543,245 )
NET CURRENT ASSETS (LIABILITIES) (315,630 ) (365,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES 351,409 354,348
Creditors: Amounts Falling Due After More Than One Year 10 (350,409 ) (353,348 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,000 1,000
REPRESENTED BY:
Equity
Members' other interests
Members' capital 1,000 1,000
1,000 1,000
TOTAL MEMBERS' INTEREST
Amounts due from members (50,811) (23,572)
Members' other interests 1,000 1,000
(49,811) (22,572)
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For the period ending 31 March 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 John Moore
Designated Member
Ms Michelle Vincent
Designated Member
23rd January 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fruition Advisory LLP is a limited liability partnership, incorporated in England & Wales, registered number OC353575 . The Registered Office is 29 Wood Street, Stratford-Upon-Avon, CV37 6JG.
The accounting period end has been shortened from 30 September 2024 to 31 March 2024 as a result of HMRC's Basis Period Reform.  These financial statements include the 6 month period from 1 October 2023 to 31 March 2024.  The comparatives are for the 12 month period ended 30 September 2023, and therefore not entirely comparable.
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.
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 amortised to profit and loss account over its estimated economic life of 10 years.
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:
Leasehold over the term of the lease
Motor Vehicles 10% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% straight line
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.
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3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: 14 (2023: 15)
14 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 1,002,000
As at 31 March 2024 1,002,000
Amortisation
As at 1 October 2023 300,600
Provided during the period 50,100
As at 31 March 2024 350,700
Net Book Value
As at 31 March 2024 651,300
As at 1 October 2023 701,400
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 18,285 16,600 141,222 2,072 178,179
As at 31 March 2024 18,285 16,600 141,222 2,072 178,179
Depreciation
As at 1 October 2023 18,285 3,154 136,042 1,804 159,285
Provided during the period - 2,241 648 268 3,157
As at 31 March 2024 18,285 5,395 136,690 2,072 162,442
Net Book Value
As at 31 March 2024 - 11,205 4,532 - 15,737
As at 1 October 2023 - 13,446 5,180 268 18,894
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6. Investments
Unlisted
£
Cost
As at 1 October 2023 2
As at 31 March 2024 2
Provision
As at 1 October 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2
As at 1 October 2023 2
The partnership holds 100% of the ordinary share capital of Fruition Accountancy Limited, a company incorporated in England with the principal activity of providing accounting services.
The profit for the financial period of Fruition Accountancy Limited was £140,117 (2023: £57,407 ) and the aggregate amount of capital and reserves at the end of the period was £140,351 (2023: £613).
7. Stocks
31 March 2024 30 September 2023
£ £
Work in progress 24,500 42,865
8. Debtors
31 March 2024 30 September 2023
£ £
Due within one year
Trade debtors 157,782 97,848
Other debtors 91,346 36,584
249,128 134,432
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9. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 September 2023
£ £
Trade creditors 75,477 21,444
Bank loans and overdrafts 121,548 133,056
Amounts owed to group undertakings 54,814 38,450
Other creditors 285,855 301,194
Taxation and social security 51,567 49,101
589,261 543,245
10. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 September 2023
£ £
Bank loans 30,409 33,348
Other creditors 320,000 320,000
350,409 353,348
11. Related Party Transactions
At the balance sheet date, the amount owed to the partnership's subsidiary Fruition Accountancy Ltd was £54,812 (2023: £38,851).
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