Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC400617 Mr Colin Howell Mrs Sarah Howell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC400617 2024-03-31 OC400617 2025-03-31 OC400617 2024-04-01 2025-03-31 OC400617 frs-core:CurrentFinancialInstruments 2025-03-31 OC400617 frs-core:Non-currentFinancialInstruments 2025-03-31 OC400617 frs-core:BetweenOneFiveYears 2025-03-31 OC400617 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC400617 frs-core:NetGoodwill 2025-03-31 OC400617 frs-core:NetGoodwill 2024-04-01 2025-03-31 OC400617 frs-core:NetGoodwill 2024-03-31 OC400617 frs-core:MotorVehicles 2025-03-31 OC400617 frs-core:MotorVehicles 2024-04-01 2025-03-31 OC400617 frs-core:MotorVehicles 2024-03-31 OC400617 frs-core:WithinOneYear 2025-03-31 OC400617 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC400617 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC400617 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC400617 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC400617 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC400617 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC400617 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC400617 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC400617 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC400617 2023-03-31 OC400617 2024-03-31 OC400617 2023-04-01 2024-03-31 OC400617 frs-core:CurrentFinancialInstruments 2024-03-31 OC400617 frs-core:Non-currentFinancialInstruments 2024-03-31 OC400617 frs-core:BetweenOneFiveYears 2024-03-31 OC400617 frs-core:WithinOneYear 2024-03-31
Registered number: OC400617
Assist Accounts & Tax LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: OC400617
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,000 125,000
Tangible Assets 5 41,202 47,760
141,202 172,760
CURRENT ASSETS
Debtors 6 41,977 26,853
Cash at bank and in hand 5,839 1,773
47,816 28,626
Creditors: Amounts Falling Due Within One Year 7 (34,639 ) (37,245 )
NET CURRENT ASSETS (LIABILITIES) 13,177 (8,619 )
TOTAL ASSETS LESS CURRENT LIABILITIES 154,379 164,141
Creditors: Amounts Falling Due After More Than One Year 8 (50,981 ) (60,743 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 103,398 103,398
REPRESENTED BY:
Loans and other debts due from members within one year
Other amounts 23,398 23,398
23,398 23,398
Equity
Members' other interests
Members' capital 80,000 80,000
80,000 80,000
103,398 103,398
...CONTINUED
Page 1
Page 2
TOTAL MEMBERS' INTEREST
Amounts due from members (2,306) -
Loans and other debts due from members within one year 23,398 23,398
Members' other interests 80,000 80,000
101,092 103,398
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 Profit and Loss Account.
The financial statements were approved by the members on 12 June 2025 and were signed on their behalf by:
Mr Colin Howell
Designated Member
12th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Assist Accounts & Tax LLP is a limited liability partnership, incorporated in England & Wales, registered number OC400617 . The Registered Office is Unit B Ascensis Tower, Juniper Drive, Battersea Reach, London, SW18 1AY.
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. 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 the profit and loss account over its estimated economic life of .... 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:
Motor Vehicles Depreciation
Computer Equipment Depreciation at reducing balance
Page 3
Page 4
2.5. 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 profit and loss account 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 the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was:
2025 2024
Office and administration 1 1
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 125,000
As at 31 March 2025 125,000
Amortisation
As at 1 April 2024 -
Provided during the period 25,000
As at 31 March 2025 25,000
Net Book Value
As at 31 March 2025 100,000
As at 1 April 2024 125,000
Page 4
Page 5
5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2024 48,853
As at 31 March 2025 48,853
Depreciation
As at 1 April 2024 1,093
Provided during the period 6,558
As at 31 March 2025 7,651
Net Book Value
As at 31 March 2025 41,202
As at 1 April 2024 47,760
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 36,115 25,495
Prepayments and accrued income 1,921 1,358
Other taxes and social security 1,635 -
Amounts due from members 2,306 -
41,977 26,853
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,308 5,308
Trade creditors 202 176
Bank loans and overdrafts 4,676 4,676
Other taxes and social security - 374
VAT 4,993 4,863
Net wages 105 87
Other creditors 14,500 19,000
Accruals and deferred income 4,855 2,761
34,639 37,245
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 32,352 37,660
Bank loans 18,629 23,083
50,981 60,743
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,308 5,308
Later than one year and not later than five years 32,352 37,660
37,660 42,968
37,660 42,968
Page 6