Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 December 2022 false 1 April 2024 31 March 2025 31 March 2025 OC389430 Robert Douglas Katherine Douglas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC389430 2024-03-31 OC389430 2025-03-31 OC389430 2024-04-01 2025-03-31 OC389430 frs-core:CurrentFinancialInstruments 2025-03-31 OC389430 frs-core:FurnitureFittings 2025-03-31 OC389430 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC389430 frs-core:FurnitureFittings 2024-03-31 OC389430 frs-core:MotorVehicles 2025-03-31 OC389430 frs-core:MotorVehicles 2024-04-01 2025-03-31 OC389430 frs-core:MotorVehicles 2024-03-31 OC389430 frs-core:PlantMachinery 2025-03-31 OC389430 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC389430 frs-core:PlantMachinery 2024-03-31 OC389430 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC389430 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC389430 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC389430 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC389430 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC389430 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC389430 frs-core:CurrentFinancialInstruments 1 2025-03-31 OC389430 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC389430 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC389430 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC389430 2022-11-30 OC389430 2024-03-31 OC389430 2022-12-01 2024-03-31 OC389430 frs-core:CurrentFinancialInstruments 2024-03-31 OC389430 frs-core:OtherReservesSubtotal 2022-11-30 OC389430 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: OC389430
AB Key LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Bruce Allen LLP
Ground floor Suite
Crown House , 40 North Street
Hornchurch
Essex
RM11 1EW
AB Key LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Reconciliation of Members' Interests | 3—4
Notes to the Financial Statements | 4—5

Page 1
AB Key LLP
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: OC389430

| 31 March 2025 | 31 March 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 56,634 |  | 111,950
|  |  | 56,634 |  | 111,950
CURRENT ASSETS
Stocks | 5 | 15,965 |  | 15,785 |
Debtors | 6 | 322,938 |  | 288,015 |
Cash at bank and in hand |  | 169,417 |  | 183,777 |
|  | 508,320 |  | 487,577 |
Creditors: Amounts Falling Due Within One Year | 7 | (236,153 ) |  | (300,594 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 272,167 |  | 186,983
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 328,801 |  | 298,933
NET ASSETS ATTRIBUTABLE TO MEMBERS |  |  | 328,801 |  | 298,933
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts |  | 2,460,655 |  | 1,732,279 |
|  |  | 2,460,655 |  | 1,732,279
Equity
Members' other interests
Members' capital |  | (2,131,854) |  | (1,433,346) |
|  |  | (2,131,854) |  | (1,433,346)
|  |  | 328,801 |  | 298,933
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year |  |  | 2,460,655 |  | 1,732,279
Members' other interests |  |  | (2,131,854) |  | (1,433,346)
|  |  | 328,801 |  | 298,933

Page 1
Page 2
AB Key LLP
Balance Sheet (continued)
As At 31 March 2025
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.
On behalf of the members

Robert Douglas Designated Member
5th September 2025

The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
AB Key LLP
Reconciliation of Members' Interests
For The Year Ended 31 March 2025
Reconciliation of Members' Interests

| EQUITY | DEBT
--- | --- | ---
| Members' other interests | Loans and other debts due to members less any amounts due from members in debtors
| Members'Capital classified as Equity | Other Reserves | Total Equity | Other amounts | Total members' interest
| £ | £ | £ | £ | £
Amounts due to members | - | - | - | 980,550 | -
Balance at 1 December 2022 | (708,866) | - | (708,866) | 980,550 | 271,684
Profit/(loss) for the financial year available for discretionary division among members | - | 751,729 | 751,729 | - | 751,729
Members' interests after profit/(loss) for the year | (708,866) | 751,729 | 42,863 | 980,550 | 1,023,413
Other divisions of profits (losses) | - | (751,729) | (751,729) | 751,729 | -
Drawings | (724,480) | - | (724,480) | - | (724,480)
Amounts due to members | - | - | - | 1,732,279 | -
As at 31 March 2024 and 1 April 2024 | (1,433,346) | - | (1,433,346) | 1,732,279 | 298,933
Profit/(loss) for the financial year available for discretionary division among members | - | 728,376 | 728,376 | - | 728,376
Members' interests after profit/(loss) for the year | (1,433,346) | 728,376 | (704,970) | 1,732,279 | 1,027,309
Other divisions of profits (losses) | - | (728,376) | (728,376) | 728,376 | -
Drawings | (698,508) | - | (698,508) | - | (698,508)
Amounts due to members | - | - | - | 2,460,655 | -
As at 31 March 2025 | (2,131,854) | - | (2,131,854) | 2,460,655 | 328,801

Page 3
Page 4
AB Key LLP
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
AB Key LLP is a limited liability partnership, incorporated in England & Wales, registered number OC389430 . The Registered Office is Bruce Allen Llp Ground Floor Suite, Crown House, 40 North Street, Hornchurch, Essex, RM11 1EW.
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. 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:

Plant & Machinery | 25% per annum reducing balance
Motor Vehicles | 25% per annum reducing balance
Fixtures & Fittings | 25% per annum reducing balance

2.4. 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.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 12 (2024: 10)
12 10
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 1,732 | 253,314 | 4,065 | 259,111
Disposals | - | (40,432 ) | - | (40,432 )
As at 31 March 2025 | 1,732 | 212,882 | 4,065 | 218,679

...CONTINUED
Page 4
Page 5
AB Key LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024 | 866 | 143,042 | 3,253 | 147,161
Provided during the period | 288 | 27,772 | 271 | 28,331
Disposals | - | (13,447 ) | - | (13,447 )
As at 31 March 2025 | 1,154 | 157,367 | 3,524 | 162,045
Net Book Value
As at 31 March 2025 | 578 | 55,515 | 541 | 56,634
As at 1 April 2024 | 866 | 110,272 | 812 | 111,950

5. Stocks

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Materials | 15,965 |  | 15,785

6. Debtors

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 303,715 |  | 275,386
Other debtors | 19,223 |  | 12,629
| 322,938 |  | 288,015

7. Creditors: Amounts Falling Due Within One Year

| 31 March 2025 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 81,263 |  | 61,409
Bank loans and overdrafts | - |  | 25,000
Other taxes and social security | - |  | 4,642
VAT | 134,823 |  | 165,237
Net wages | 8,274 |  | -
Other creditors | 1,020 |  | 1,489
Company credit card | 8,623 |  | 39,217
Accruals | 2,150 |  | 3,600
| 236,153 |  | 300,594

Page 5