Acorah Software Products - Accounts Production 16.4.675 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 OC393232 MR Mark Wareham Mr Nicholas Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC393232 2024-05-31 OC393232 2025-05-31 OC393232 2024-06-01 2025-05-31 OC393232 frs-core:CurrentFinancialInstruments 2025-05-31 OC393232 frs-core:ComputerEquipment 2025-05-31 OC393232 frs-core:ComputerEquipment 2024-06-01 2025-05-31 OC393232 frs-core:ComputerEquipment 2024-05-31 OC393232 frs-bus:LimitedLiabilityPartnershipLLP 2024-06-01 2025-05-31 OC393232 frs-bus:LimitedLiabilityPartnershipsSORP 2024-06-01 2025-05-31 OC393232 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 OC393232 frs-bus:SmallEntities 2024-06-01 2025-05-31 OC393232 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 OC393232 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 OC393232 frs-countries:EnglandWales 2024-06-01 2025-05-31 OC393232 frs-bus:PartnerLLP1 2024-06-01 2025-05-31 OC393232 frs-bus:PartnerLLP2 2024-06-01 2025-05-31 OC393232 2023-05-31 OC393232 2024-05-31 OC393232 2023-06-01 2024-05-31 OC393232 frs-core:CurrentFinancialInstruments 2024-05-31
Registered number: OC393232
Independent Financial Advice Bureau (Watford) LLP
Unaudited Financial Statements
For The Year Ended 31 May 2025
CBS Accountants Ltd
Chartered Accountants
Unit 17, Orbital 25 Business Park
Dwight Road
Watford
Hertfordshire
WD18 9DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC393232
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 143 238
143 238
CURRENT ASSETS
Cash at bank and in hand 25,068 28,202
25,068 28,202
Creditors: Amounts Falling Due Within One Year 5 (841 ) (3,163 )
NET CURRENT ASSETS (LIABILITIES) 24,227 25,039
TOTAL ASSETS LESS CURRENT LIABILITIES 24,370 25,277
NET ASSETS ATTRIBUTABLE TO MEMBERS 24,370 25,277
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 24,370 25,277
24,370 25,277
24,370 25,277
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 24,370 25,277
24,370 25,277
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For the year ending 31 May 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 Nicholas Wood
Designated Member
14/07/2025
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
Independent Financial Advice Bureau (Watford) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC393232 . The Registered Office is Unit 17 Orbital 25 Business Park, Dwight Road, Watford, WD18 9DA.
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.
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:
Computer Equipment 40%
2.4. Pensions
The LLP operates a defined pension contribution scheme. The pension charge represents the amounts payable by the LLP to the fund in respect of the year.
2.5. Information in relation to members
The average number of members during the year was 2 ( 2024 : 2 )
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 3,252
As at 31 May 2025 3,252
Depreciation
As at 1 June 2024 3,014
Provided during the period 95
As at 31 May 2025 3,109
Net Book Value
As at 31 May 2025 143
As at 1 June 2024 238
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Taxation and social security 841 3,163
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