I can't believe there is no demand for an LLP template, but thats what VT say if you ring them.
While looking for AccountingWEB members who might be interested in this group, I trawled back through Any Answers for the past year. There were at least three, if not more queries like yours.
Tony Margaritelli, Chair of ICPA, replied to a couple of posts along these lines: "We get asked for this template a lot at the ICPA and I suggest you visit www.surebeck.co.uk. They have specimen for LLPs and indeed all company types."
Not quite sure I understand VT's stance on this (perhaps too much work involved for too little return?), but it looks as though they're missing out on a business/client service opportunity here. Perhaps someone from VT will be along soon to respond to you directly.
I have an LLP template in VT that was kindly designed by another AW user, and some time ago I posted an offer to supply this via email to anyone interested.
I was inundated with requests!! Even though quite some time has passed since that posting, I still receive one or two requests each week for this template.
Therefore, how can VT say there is no demand??
So, Philip Hodgson, if you are reading this, then please can you supply an "authentic" LLP template in a future release? As you can see, there are hundreds of loyal VT fans that would really welcome this additional feature!
Infact I remember a massive thread on Any Answers requesting VT to produce an LLP quite a while ago!
Many people have requested this.
I've used that template (which is an adapted version of the VT small companies template) without problem from either Companies House or HMRC & I believe a copy was sent to VT to look at a couple of years back.
The response from AWeb users was high enough for the original 'free provider' to say 'Enough' as he had trouble keeping up with the demand!
So it is a bit of a mystery why VT don't pursue this themselves.
Following the setting up of this forum I sent in a post suggesting that I would pay a one-off upfront fee for the LLP template. Where has it gone Jon?
What I said was that I would readily pay a one off £50 upfront to VT towards the costs of creating a template. I never saw a answer from Philip. So how many more would pay? If enough I am sure VT would produce it - it is unfair to expect them to do it for free. Us accounatnts dont work for nothing!
Sorry about the lack of an LLP template. There is a bit more info on this at:
Philip HodgsonVT Software
What a half-ass response from a normally great to deal with company that i reccomend to all my clients + all Aweb members ... Philip I am really disappointed ... prerhaps i will look at Moneysoft's bookkeeping & accounts offering from now on!
Would it be possible for you to send me a copy of this template email@example.com
If it makes life easier for you I will also put it on the upload section of my website then anyone can download it in future as VT don't have time to produce a full version.
The email address you supplied doesn't seem to work - it's been bounced back to me twice.
Please email me at firstname.lastname@example.org so that I can reply with the template attached.
Having just joined the group today I am delighted to read the exchanges on this subject. I am finding that a growing number of clients select an LLP rather than a small limited company and so I have an increasing demand to produce formal accounts for them.
I too have made rather amateurish amendments to the text in the small companies accounts as well as a few changes with formulae. The hardest area to adapt is the partners capital accounts but almost certainly I find it difficult because when it goes haywire trying to show the data I want I simply do not have the time to try and work out how to fix it so I end up typing!
I endorse the idea of paying a fee to have an LLP format created. I would definitely join in on that. Meanwhile I shall have to continue with my existing creaking template. Of course the problems will arise I suppose when we have to file LLP accounts online
Another one who needs an LLP template and would happily pay an additional fee for it! A copy of the "make do" one would be very much appreciated.... email@example.com
I will let you have a copy but bear with me please - quite busy at the moment and I would need to remove identies so will try to make time.
No responsibility is taken by Bourne Accountancy for any errors in the template. Use at your own risk
This looks a really useful tool supplied by Bourne Accountancy. But its prepared under the old Companies Act and not updated for 2006. I don't think the adjustments are the same as for limited companies. Does anyone know what amendments neeed to be made to Paul's template ?
The VT support page gives a link to a company Surebeck Ltd which produces a book 'Guide to the Companies Acts'. This includes an example set of accounts for a small LLP prepared under the CA2006 & FRSSE April 2008.
The book costs £39.95 & can be used to modify the VT template originally designed by an Accounting Web user (& later included as a download on the Bourne Accountancy website).
The latest download of VT Accounts includes an LLP template.
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