Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 OC338176 Mrs E L Jones Mr C P Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC338176 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-09-30 OC338176 2023-09-30 OC338176 2024-09-30 OC338176 2023-10-01 2024-09-30 OC338176 frs-core:CurrentFinancialInstruments 2024-09-30 OC338176 frs-core:Non-currentFinancialInstruments 2024-09-30 OC338176 frs-core:BetweenOneFiveYears 2024-09-30 OC338176 frs-core:ComputerEquipment 2024-09-30 OC338176 frs-core:ComputerEquipment 2023-10-01 2024-09-30 OC338176 frs-core:ComputerEquipment 2023-09-30 OC338176 frs-core:FurnitureFittings 2024-09-30 OC338176 frs-core:FurnitureFittings 2023-10-01 2024-09-30 OC338176 frs-core:FurnitureFittings 2023-09-30 OC338176 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 OC338176 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 OC338176 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 OC338176 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 OC338176 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 OC338176 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 OC338176 frs-core:MotorVehicles 2024-09-30 OC338176 frs-core:MotorVehicles 2023-10-01 2024-09-30 OC338176 frs-core:MotorVehicles 2023-09-30 OC338176 frs-core:PlantMachinery 2024-09-30 OC338176 frs-core:PlantMachinery 2023-10-01 2024-09-30 OC338176 frs-core:PlantMachinery 2023-09-30 OC338176 frs-core:WithinOneYear 2024-09-30 OC338176 frs-bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-09-30 OC338176 frs-bus:LimitedLiabilityPartnershipsSORP 2023-10-01 2024-09-30 OC338176 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 OC338176 frs-bus:SmallEntities 2023-10-01 2024-09-30 OC338176 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 OC338176 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 OC338176 frs-core:CurrentFinancialInstruments 1 2024-09-30 OC338176 frs-countries:EnglandWales 2023-10-01 2024-09-30 OC338176 frs-bus:PartnerLLP1 2023-10-01 2024-09-30 OC338176 frs-bus:PartnerLLP2 2023-10-01 2024-09-30 OC338176 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-09-30 OC338176 2022-09-30 OC338176 2023-09-30 OC338176 2022-10-01 2023-09-30 OC338176 frs-core:CurrentFinancialInstruments 2023-09-30 OC338176 frs-core:Non-currentFinancialInstruments 2023-09-30 OC338176 frs-core:BetweenOneFiveYears 2023-09-30 OC338176 frs-core:ComputerEquipment 2022-10-01 2023-09-30 OC338176 frs-core:FurnitureFittings 2022-10-01 2023-09-30 OC338176 frs-core:MotorVehicles 2022-10-01 2023-09-30 OC338176 frs-core:PlantMachinery 2022-10-01 2023-09-30 OC338176 frs-core:WithinOneYear 2023-09-30 OC338176 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: OC338176
Abbey Eng LLP
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: OC338176
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,025,291 2,726,622
3,025,291 2,726,622
CURRENT ASSETS
Debtors 5 1,385,148 1,918,669
Cash at bank and in hand 13,340 274,038
1,398,488 2,192,707
Creditors: Amounts Falling Due Within One Year 6 (1,739,345 ) (2,792,901 )
NET CURRENT ASSETS (LIABILITIES) (340,857 ) (600,194 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,684,434 2,126,428
Creditors: Amounts Falling Due After More Than One Year 7 (541,939 ) (566,578 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 2,142,495 1,559,850
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 67,359 257,590
67,359 257,590
Equity
Members' other interests
Members' capital 1,727,417 946,491
Revaluation reserve 546,000 546,000
Other reserves (198,281) (190,231)
2,075,136 1,302,260
2,142,495 1,559,850
TOTAL MEMBERS' INTEREST
Amounts due from members - (190,231)
Loans and other debts due to members within one year 67,359 257,590
Members' other interests 2,075,136 1,302,260
2,142,495 1,369,619
Page 1
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For the year ending 30 September 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 P Jones
Designated Member
25 June 2025
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Abbey Eng LLP is a limited liability partnership, incorporated in England & Wales, registered number OC338176 . The Registered Office is Hanover Buildings , 11-13 Hanover Street, Liverpool, Merseyside , L1 3DN.
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
The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax and trade discounts, together with provisions in respect of services provided under contract. Contract revenue is recognised as contractual activity progresses.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in
equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Nil
Leasehold 125 years straight line
Plant & Machinery 5% Reducing balance
Motor Vehicles 5% Reducing balance
Fixtures & Fittings 5% Reducing balance
Computer Equipment 5% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the LLP becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

...CONTINUED
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2.5. Financial Instruments - continued
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.6. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2.7. Government Grant
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the LLP will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the LLP recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
2.8. Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

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2.9. Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 21 (2023: 8)
21 8
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 October 2023 250,000 550,000 2,362,604 300,549
Additions - - 436,611 76,915
Disposals - - (8,644 ) (125,329 )
As at 30 September 2024 250,000 550,000 2,790,571 252,135
Depreciation
As at 1 October 2023 - 800 721,209 133,028
Provided during the period - 4,400 103,756 8,623
Disposals - - (5,759 ) (53,361 )
As at 30 September 2024 - 5,200 819,206 88,290
Net Book Value
As at 30 September 2024 250,000 544,800 1,971,365 163,845
As at 1 October 2023 250,000 549,200 1,641,395 167,521
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 73,720 96,885 3,633,758
Additions 10,450 - 523,976
Disposals (4,720 ) (71,311 ) (210,004 )
As at 30 September 2024 79,450 25,574 3,947,730
Depreciation
As at 1 October 2023 6,397 45,702 907,136
Provided during the period 3,799 1,214 121,792
Disposals (2,947 ) (44,422 ) (106,489 )
As at 30 September 2024 7,249 2,494 922,439
...CONTINUED
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Net Book Value
As at 30 September 2024 72,201 23,080 3,025,291
As at 1 October 2023 67,323 51,183 2,726,622
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
as restated
£ £
Plant & Machinery 1,137,947 1,197,839
Fixtures & Fittings 62,273 65,550
Motor Vehicles 119,293 62,917
Computer Equipment 17,417 18,334
1,336,930 1,344,640
Cost or valuation as at 30 September 2024 represented by:
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
At cost 154,000 100,000 2,790,571 252,135
At valuation 96,000 450,000 - -
250,000 550,000 2,790,571 252,135
Fixtures & Fittings Computer Equipment Total
£ £ £
At cost 79,450 25,574 3,401,730
At valuation - - 546,000
79,450 25,574 3,947,730
The properties were revalued on 30 September 2023 by the members. The members believe this value to still be a true representation of the fair value of the properties as at 30 September 2024. 
5. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 472,262 1,043,774
Prepayments and accrued income 167,751 96,104
SBI Ltd 420,000 420,000
Other debtors. 191,866 54,100
VAT 133,269 114,460
Amounts due from members - 190,231
1,385,148 1,918,669
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 80,652 200,119
Trade creditors 391,123 1,396,674
Bank loans and overdrafts 28,284 26,960
Other taxes and social security 22,344 6,934
Other creditors 759,198 725,661
MSIF grants 91,731 103,198
Accruals and deferred income 366,013 333,355
1,739,345 2,792,901
Outstanding charges created on 07.08.2020 and 04.11.22 are held over the company's assets to which they relate.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Net obligations under finance lease and hire purchase contracts 179,152 174,183
Bank loans 362,787 392,395
541,939 566,578
Outstanding charges created on 07.08.2020 and 04.11.22 are held over the company's assets to which they relate.
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
as restated
£ £
Bank loans 282,659 306,465
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
as restated
£ £
Bank loans and overdrafts 373,734 391,949
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 80,652 200,119
Later than one year and not later than five years 179,152 174,183
259,804 374,302
259,804 374,302
10. Related Party Transactions
During the period members introduced capital of £1,129,119 (2023: £nil) , withdrew amounts of £348,193 (2023: £232,572). At the balance sheet date the amounts owed to members totalled £2,407,095 (2024: £1,369,619).
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11. Prior period adjustment
Prior period errors have been identified in respect of the recoverablity of debts. The result of this presents a decrease in profit of £469,940 in the prior year. The comparative figures have been restated accordingly. 
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