Acorah Software Products - Accounts Production 16.4.675 false true 5 April 2024 6 April 2023 false 6 April 2024 5 April 2025 5 April 2025 SO305228 Iain Drummond Russell Miller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SO305228 2024-04-05 SO305228 2025-04-05 SO305228 2024-04-06 2025-04-05 SO305228 frs-core:CurrentFinancialInstruments 2025-04-05 SO305228 frs-core:Non-currentFinancialInstruments 2025-04-05 SO305228 frs-core:ComputerEquipment 2025-04-05 SO305228 frs-core:ComputerEquipment 2024-04-06 2025-04-05 SO305228 frs-core:ComputerEquipment 2024-04-05 SO305228 frs-core:FurnitureFittings 2025-04-05 SO305228 frs-core:FurnitureFittings 2024-04-06 2025-04-05 SO305228 frs-core:FurnitureFittings 2024-04-05 SO305228 frs-core:MotorVehicles 2025-04-05 SO305228 frs-core:MotorVehicles 2024-04-06 2025-04-05 SO305228 frs-core:MotorVehicles 2024-04-05 SO305228 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-06 2025-04-05 SO305228 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-06 2025-04-05 SO305228 frs-bus:FilletedAccounts 2024-04-06 2025-04-05 SO305228 frs-bus:SmallEntities 2024-04-06 2025-04-05 SO305228 frs-bus:AuditExempt-NoAccountantsReport 2024-04-06 2025-04-05 SO305228 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 SO305228 frs-countries:Scotland 2024-04-06 2025-04-05 SO305228 frs-bus:PartnerLLP1 2024-04-06 2025-04-05 SO305228 frs-bus:PartnerLLP2 2024-04-06 2025-04-05 SO305228 2023-04-05 SO305228 2024-04-05 SO305228 2023-04-06 2024-04-05 SO305228 frs-core:CurrentFinancialInstruments 2024-04-05 SO305228 frs-core:Non-currentFinancialInstruments 2024-04-05
Registered number: SO305228
Reid Associates LLP
Unaudited Financial Statements
For The Year Ended 5 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SO305228
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,677 36,299
27,677 36,299
CURRENT ASSETS
Work in progress 5 37,182 37,437
Debtors 6 126,049 153,744
Cash at bank and in hand 366,292 335,260
529,523 526,441
Creditors: Amounts Falling Due Within One Year 7 (128,405 ) (126,988 )
NET CURRENT ASSETS (LIABILITIES) 401,118 399,453
TOTAL ASSETS LESS CURRENT LIABILITIES 428,795 435,752
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (20,000 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 418,795 415,752
REPRESENTED BY:
Equity
Members' other interests
Members' capital 153,698 103,440
Other reserves 265,097 312,312
418,795 415,752
TOTAL MEMBERS' INTEREST
Members' other interests 418,795 415,752
418,795 415,752
Page 1
Page 2
For the year ending 5 April 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
Russell Miller
Designated Member
17 July 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
Reid Associates LLP is a limited liability partnership, incorporated in Scotland, registered number SO305228 . The Registered Office is 13 Sandyford Place, Glasgow, G3 7NB.
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. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33.33% reducing balance
2.4. Stocks and Work in Progress
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: 10 (2024: 10)
10 10
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 6 April 2024 62,194 12,975 33,323 108,492
Additions - 108 1,098 1,206
As at 5 April 2025 62,194 13,083 34,421 109,698
Depreciation
As at 6 April 2024 33,483 11,581 27,129 72,193
Provided during the period 7,179 360 2,289 9,828
As at 5 April 2025 40,662 11,941 29,418 82,021
Net Book Value
As at 5 April 2025 21,532 1,142 5,003 27,677
As at 6 April 2024 28,711 1,394 6,194 36,299
Page 3
Page 4
5. Work in progress
2025 2024
£ £
Work in progress 37,182 37,437
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 108,970 137,031
Other debtors 17,079 16,713
126,049 153,744
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,333 5,419
Other loans 10,000 10,000
Other creditors 67,977 76,595
Taxation and social security 36,095 34,974
128,405 126,988
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 10,000 20,000
Page 4