REGISTERED NUMBER: OC347263 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Bards Shellfish LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S Chilcott

B Chilcott

REGISTERED OFFICE:

Lonicera Rhododendron Avenue

Meopham

Gravesend

Kent

DA13 0TT

REGISTERED NUMBER:

OC347263 (England and Wales)

ACCOUNTANT:

L. A. Horsfall

Lonicera

Rhododendron Avenue

Meopham

Kent

DA13 0TT

FIXED ASSETS

Tangible assets

4

15,361

19,379

CURRENT ASSETS

Stocks

1,601

1,580

Debtors

5

406,477

423,050

Cash at bank and in hand

235,192

249,468

643,270

674,098

CREDITORS

Amounts falling due within one year

6

608,568

637,806

NET CURRENT ASSETS

34,702

36,292

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

50,063

55,671

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

50,063

55,671

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

50,063

55,671

Amounts due from members

5

(27,006

)

(30,492

)

23,057

25,179

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 2023.

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 and authorised for issue on 24 August 2023 and were signed by:

S Chilcott - Designated member

B Chilcott - Designated member

1.	STATUTORY INFORMATION

Bards Shellfish 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.

Revenue recognition

Turnover is represented by amounts derived from the provision of goods and services falling within the company's activities, after the deduction of trade discounts and value added tax.

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 reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2022 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

62,023

Additions

1,100

At 31 March 2023

63,123

DEPRECIATION

At 1 April 2022

42,644

Charge for year

5,118

At 31 March 2023

47,762

NET BOOK VALUE

At 31 March 2023

15,361

At 31 March 2022

19,379

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

377,114

389,926

Other debtors

29,363

33,124

406,477

423,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

597,218

627,591

Taxation and social security

3,246

2,362

Other creditors

8,104

7,853

608,568

637,806

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Of Loans and other debts due to members £50,063 (2022: £55,671) is subordinated to

unsecured creditors. The rest ranks pari passu with unsecured creditors in the event of a winding up.

There are no restrictions on the ability for the Board of members to reduce Members’ other interests.