REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2018 |
for |
N.C.A.S.S Enterprises LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 May 2018 |
for |
N.C.A.S.S Enterprises LLP |
N.C.A.S.S Enterprises LLP (Registered number: OC375157) |
Contents of the Financial Statements |
for the Year Ended 31 May 2018 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
N.C.A.S.S Enterprises LLP |
General Information |
for the Year Ended 31 May 2018 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1,733 Coventry Road |
South Yardley |
Birmingham |
West Midlands |
B26 1DT |
N.C.A.S.S Enterprises LLP (Registered number: OC375157) |
Balance Sheet |
31 May 2018 |
31.5.18 | 31.5.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
5 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
81,207 |
5,054 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
6 |
80,307 |
4,154 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 900 | 900 |
81,207 | 5,054 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members |
6 |
80,307 |
4,154 |
Members' other interests | 900 | 900 |
Amounts due from members | 4 | (20,422 | ) | (19,227 | ) |
60,785 | (14,173 | ) |
The members acknowledge their responsibilities for: |
(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
N.C.A.S.S Enterprises LLP (Registered number: OC375157) |
Balance Sheet - continued |
31 May 2018 |
In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
The financial statements were approved by the members of the LLP on |
N.C.A.S.S Enterprises LLP (Registered number: OC375157) |
Notes to the Financial Statements |
for the Year Ended 31 May 2018 |
1. | STATUTORY INFORMATION |
N.C.A.S.S Enterprises LLP is registered in England and Wales. The LLP's |
registered number and registered office address can be found on the General |
Information page. |
The presentation currency of the financial statements is the Pound Sterling |
(£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from those standards. |
Turnover |
Turnover represents net invoiced sales for online training, energy and |
consultancy services, excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Divisible profits and members' remuneration |
Trading profits and losses of the LLP are divided and borne by the members |
in the proportions as set out in the members' agreement and shall be theirs |
as of right unless otherwise agreed from time to time. |
Comparative figures |
The limited liability partnership's agreement entitles members to an |
automatic distribution of profits and so the profit for the year is |
appropriated as members' remuneration in the income statement. The |
comparative figures have been adjusted to reflect the same disclosure |
thereby making the income statement for the year ended 31 May 2016 directly |
comparable with that of the year under review. |
N.C.A.S.S Enterprises LLP (Registered number: OC375157) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2018 |
3. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 June 2017 |
Additions |
At 31 May 2018 |
DEPRECIATION |
At 1 June 2017 |
Charge for year |
At 31 May 2018 |
NET BOOK VALUE |
At 31 May 2018 |
At 31 May 2017 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 900 | 900 |
Amounts due from members | 20,422 | 19,227 |
Other debtors |
Prepayments and accrued income |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Loans and other debts due to members rank pari passu with unsecured |
creditors. The legal opinion given in the appendix to the SORP, Accounting |
for Limited Liability Partnerships, is that members' other interests rank |
after unsecured creditors. |
7. | CAPITAL COMMITMENTS |
31.5.18 | 31.5.17 |
£ | £ |
Contracted but not provided for in the |
financial statements |
N.C.A.S.S Enterprises LLP (Registered number: OC375157) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2018 |
8. | RELATED PARTY DISCLOSURES |
N.C.A.S.S Enterprises LLP and Trade Management Services Limited are related |
parties by virtue of the fact that Mr.R.W Fox, Mr.A.D Fox and Mr.M Laurie |
are partners of N.C.A.S.S Enterprises LLP and directors of Trade Management |
Services Limited. |
In the period under review N.C.A.S.S Enterprises LLP raised sales to the |
value of £58 (2017 - sales credits of £132) and made purchases to the value |
of £84,421 (2017 - £84,421) from Trade Management Services Ltd. |
At 31 May 2018, N.C.A.S.S Enterprises LLP was due a balance of £1,150 (2017 |
- £100) and owed £47,149 (2017 - £58,845) to the same company. These |
transactions were conducted at normal commercial rates. |
9. | POST BALANCE SHEET EVENTS |
These financial statements were authorised for issue by the designated |
members on 5 November 2018. |