Limited Liability Partnership registration number OC337215 (England and Wales)
PDS WAREHOUSING LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
PAGES FOR FILING WITH REGISTRAR
PDS WAREHOUSING LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PDS WAREHOUSING LLP
BALANCE SHEET
AS AT
30 NOVEMBER 2021
30 November 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
285,485
287,765
Cash at bank and in hand
30,192
3,768
315,677
291,533
Creditors: amounts falling due within one year
4
(315,677)
(291,533)
Net current assets and net assets attributable to members
-
-
Represented by:
Total members' interests
Amounts due from members
(285,485)
(287,765)

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 30 November 2021 the limited liability partnership 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) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships' regime.

The financial statements were approved by the members and authorised for issue on 1 July 2022 and are signed on their behalf by:
01 July 2022
Mr S D Kiely
Designated member
Limited Liability Partnership Registration No. OC337215
PDS WAREHOUSING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 2 -
1
Accounting policies
Limited liability partnership information

PDS Warehousing LLP is a limited liability partnership incorporated in England and Wales. The registered office is Logistics House, Portway Road, Oldbury, West Midlands, United Kingdom, B69 2BP.

 

The principal activity of the limited liability partnership continued to be that of distribution and delivery services.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2018, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was 0 (2020 - 0).

3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by members
285,485
287,765
PDS WAREHOUSING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 3 -
4
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
3,164
3,960
Taxation and social security
3,750
12,401
Other creditors
308,763
275,172
315,677
291,533
5
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

6
Related party transactions

During the year the LLP made purchases from a company under common control totalling £30,500 (2020- £84,000).

 

At the year end the LLP owed companies under common control £307,563 (2020 - £274,006).

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