Acorah Software Products - Accounts Production 19.2.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NC001019 Mr Richard Clements iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NC001019 2024-03-31 NC001019 2025-03-31 NC001019 2024-04-01 2025-03-31 NC001019 frs-core:CurrentFinancialInstruments 2025-03-31 NC001019 frs-core:Non-currentFinancialInstruments 2025-03-31 NC001019 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 NC001019 frs-core:FurnitureFittings 2025-03-31 NC001019 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NC001019 frs-core:FurnitureFittings 2024-03-31 NC001019 frs-core:NetGoodwill 2025-03-31 NC001019 frs-core:NetGoodwill 2024-04-01 2025-03-31 NC001019 frs-core:NetGoodwill 2024-03-31 NC001019 frs-core:OtherResidualIntangibleAssets 2025-03-31 NC001019 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 NC001019 frs-core:OtherResidualIntangibleAssets 2024-03-31 NC001019 frs-core:PlantMachinery 2025-03-31 NC001019 frs-core:PlantMachinery 2024-04-01 2025-03-31 NC001019 frs-core:PlantMachinery 2024-03-31 NC001019 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 NC001019 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 NC001019 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NC001019 frs-bus:SmallEntities 2024-04-01 2025-03-31 NC001019 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NC001019 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NC001019 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NC001019 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 NC001019 2023-03-31 NC001019 2024-03-31 NC001019 2023-04-01 2024-03-31 NC001019 frs-core:CurrentFinancialInstruments 2024-03-31 NC001019 frs-core:Non-currentFinancialInstruments 2024-03-31
Registered number: NC001019
Tully & Co Professional Partnership LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
Tully & Co Professional Partnership LLP
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Tully & Co Professional Partnership LLP
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: NC001019

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | - |  | 2,237
Tangible Assets | 5 |  | 3,987 |  | 5,656
|  |  | 3,987 |  | 7,893
CURRENT ASSETS
Stocks | 6 | 9,680 |  | 29,039 |
Debtors | 7 | 16,667 |  | 31,419 |
Cash at bank and in hand |  | 1,186 |  | 3,873 |
|  | 27,533 |  | 64,331 |
Creditors: Amounts Falling Due Within One Year | 8 | (362,034 ) |  | (365,172 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (334,501 ) |  | (300,841 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (330,514 ) |  | (292,948 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (12,719 ) |  | (16,848 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS |  |  | (343,233 ) |  | (309,796 )
REPRESENTED BY:
Equity
Members' other interests
Members' capital |  | (378,942) |  | (187,782) |
Other reserves |  | 35,709 |  | (122,014) |
|  |  | (343,233) |  | (309,796)
TOTAL MEMBERS' INTEREST
Members' other interests |  |  | (343,233) |  | (309,796)
|  |  | (343,233) |  | (309,796)

Page 1
Page 2
Tully & Co Professional Partnership 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

Mr Richard Clements Designated Member
13/05/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Tully & Co Professional Partnership LLP
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Tully & Co Professional Partnership LLP is a limited liability partnership, incorporated in Northern Ireland, registered number NC001019 . The Registered Office is 143 Cathedral Chambers, Royal Avenue, Belfast, BT1 1FH.
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. Going Concern Disclosure
Subsequent to the balance sheet date, in December 2025, the member made a decision to cease trading and wind up the partnership in an orderly manner.
Accordingly, the financial statements are not prepared on a going concern basis. Assets and liabilities have been adjusted were necessary to reflect the decision to cease trading and the expected outcome of the winding up process.
2.3. 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.
2.4. 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 five years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the website. It is amortised to the profit and loss account over its estimated economic life of five years.
2.6. 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 | 15% reducing balance
Fixtures & Fittings | 33% reducing balance

2.7. 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: 8 (2024: 8)
8 8
Page 3
Page 4
Tully & Co Professional Partnership LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Intangible Assets

| Goodwill | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 500,000 | 3,307 | 503,307
As at 31 March 2025 | 500,000 | 3,307 | 503,307
Amortisation
As at 1 April 2024 | 500,000 | 1,070 | 501,070
Provided during the period | - | 2,237 | 2,237
As at 31 March 2025 | 500,000 | 3,307 | 503,307
Net Book Value
As at 31 March 2025 | - | - | -
As at 1 April 2024 | - | 2,237 | 2,237

5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 2,740 | 29,512 | 32,252
As at 31 March 2025 | 2,740 | 29,512 | 32,252
Depreciation
As at 1 April 2024 | 1,646 | 24,950 | 26,596
Provided during the period | 164 | 1,505 | 1,669
As at 31 March 2025 | 1,810 | 26,455 | 28,265
Net Book Value
As at 31 March 2025 | 930 | 3,057 | 3,987
As at 1 April 2024 | 1,094 | 4,562 | 5,656

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | 9,680 |  | 29,039

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 16,667 |  | 31,419

Page 4
Page 5
Tully & Co Professional Partnership LLP
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 51,066 |  | 48,561
Other creditors | 237,833 |  | 185,217
Taxation and social security | 73,135 |  | 131,394
| 362,034 |  | 365,172

The bank overdraft is secured by a personal guarantee from the partners.
Included in Other Creditors is a balance of £130,000 (2024: £130,000) which is secured by a personal guarantee from the partners.
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 12,719 |  | 16,848

10. Client monies
The company holds monies on behalf of clients in a separately designated bank account and maintains a corresponding client ledger of an equal amount. Accordingly, these balances have been offset.
As at 31 March 2025 amounts held on behalf of clients totalled £201,738 (2024: £686,892).
Page 5