Gowards LLP Filleted Accounts Cover
Gowards LLP
Registered No. OC403244
Information for Filing with the Registrar
31 December 2021
Gowards LLP Balance Sheet Registrar
at
31 December 2021
Registered No.
OC403244
Notes
2021
2020
£
£
For the year ending 31 December 2021 the LLP was entitled to exemption under section 480 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) Application of Companies Act 2006) Regulations 2008 relating to dormant LLP's.
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 30 August 2022
And signed on its behalf by designated member:
S. Davies
Designated member
30 August 2022
Gowards LLP Notes to the Accounts Registrar
for the year ended 31 December 2021
1
General information
Its registered number is: OC403244
Its registered office is:
102 Burnmill Road
Marker Harbrough
LE16 7JG
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
3
Employees
2021
2020
Number
Number
The average number of persons employed during the year was:
0
0
Gowards LLPOC40324431 December 202101 January 2021true30 August 2022BTCSoftware AP Solution 2022 9.4.029.4.02OC4032442021-01-012021-12-31OC4032442021-12-31OC403244bus:RegisteredOffice2021-01-012021-12-31OC4032442020-01-012020-12-31OC4032442021-01-01OC403244bus:EntityHasNeverTraded2021-01-012021-12-31OC403244bus:SmallEntities2021-01-012021-12-31OC403244bus:FullAccounts2021-01-012021-12-31OC403244bus:AuditExempt-NoAccountantsReport2021-01-012021-12-31OC403244bus:PartnerLLP22021-01-012021-12-31OC403244bus:LimitedLiabilityPartnershipLLP2021-01-012021-12-31xbrli:pure