IRIS Accounts Production v22.1.4.3 OC368762 designated member 1.4.21 31.3.22 31.3.22 0 0 false true false false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3687622021-03-31OC3687622022-03-31OC3687622021-04-012022-03-31OC3687622020-03-31OC3687622020-04-012021-03-31OC3687622021-03-31OC368762ns16:EnglandWales2021-04-012022-03-31OC368762ns15:PoundSterling2021-04-012022-03-31OC368762ns11:Director12021-04-012022-03-31OC368762ns11:LimitedLiabilityPartnershipLLP2021-04-012022-03-31OC368762ns11:SmallEntities2021-04-012022-03-31OC368762ns11:AuditExemptWithAccountantsReport2021-04-012022-03-31OC368762ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-31OC368762ns11:LimitedLiabilityPartnershipsSORP2021-04-012022-03-31OC368762ns11:FullAccounts2021-04-012022-03-31OC368762ns11:Director22021-04-012022-03-31OC368762ns11:RegisteredOffice2021-04-012022-03-31OC368762ns6:CurrentFinancialInstruments2022-03-31OC368762ns6:CurrentFinancialInstruments2021-03-31OC368762ns6:PlantMachinery2021-04-012022-03-31OC368762ns6:OwnedAssets2021-04-012022-03-31OC368762ns6:OwnedAssets2020-04-012021-03-31OC368762ns6:PlantMachinery2021-03-31OC368762ns6:PlantMachinery2022-03-31OC368762ns6:PlantMachinery2021-03-31OC368762ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31OC368762ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31


REGISTERED NUMBER: OC368762 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Kevin Peskett Carpentry and Joinery LLP

Kevin Peskett Carpentry and Joinery LLP (Registered number: OC368762)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Kevin Peskett Carpentry and Joinery LLP

General Information
for the Year Ended 31 March 2022







DESIGNATED MEMBERS: K S Peskett
Mrs R Peskett





REGISTERED OFFICE: 59a Limmer Lane
Felpham
Bognor Regis
West Sussex
PO22 7HE





REGISTERED NUMBER: OC368762 (England and Wales)





ACCOUNTANTS: R S Hall and Co
Chartered Accountants
Dragon's Lair
27 Belle Meade Close
Woodgate
Chichester
West Sussex
PO20 3YD

Kevin Peskett Carpentry and Joinery LLP (Registered number: OC368762)

Report of the Members
for the Year Ended 31 March 2022

The members present their report with the financial statements of the LLP for the year ended 31 March 2022.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of carpentry and joinery.

DESIGNATED MEMBERS
The designated members during the year under review were:

K S Peskett
Mrs R Peskett

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £37,122 (2021 - £19,623 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





K S Peskett - Designated member


15 August 2022

Kevin Peskett Carpentry and Joinery LLP (Registered number: OC368762)

Income Statement
for the Year Ended 31 March 2022

31.3.22 31.3.21
Notes £    £   

TURNOVER 65,489 48,709

Cost of sales 21,697 23,517
GROSS PROFIT 43,792 25,192

Administrative expenses 6,671 5,573
OPERATING PROFIT 4 37,121 19,619

Interest receivable and similar income 1 4
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




37,122




19,623

Kevin Peskett Carpentry and Joinery LLP (Registered number: OC368762)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,391 4,112

CURRENT ASSETS
Debtors 6 10,408 1,243
Cash at bank 15,320 15,190
25,728 16,433
CREDITORS
Amounts falling due within one year 7 5,452 8,201
NET CURRENT ASSETS 20,276 8,232
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

24,667

12,344

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

24,667

12,344

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 24,667 12,344

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2022.

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 15 August 2022 and were signed by:





K S Peskett - Designated member

Kevin Peskett Carpentry and Joinery LLP (Registered number: OC368762)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Kevin Peskett Carpentry and Joinery LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2021 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.22 31.3.21
£    £   
Depreciation - owned assets 788 713

Kevin Peskett Carpentry and Joinery LLP (Registered number: OC368762)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 10,733
Additions 1,067
At 31 March 2022 11,800
DEPRECIATION
At 1 April 2021 6,621
Charge for year 788
At 31 March 2022 7,409
NET BOOK VALUE
At 31 March 2022 4,391
At 31 March 2021 4,112

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 10,408 1,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 1,488 1,308
Other creditors 3,964 6,893
5,452 8,201

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.3.22 31.3.21
£    £   
Amounts owed to members in respect of profits 24,667 12,344

Falling due within one year 24,667 12,344

Loans and other debts due to members (other than members' capital classified as debt) rank equally to other creditors.