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REGISTERED NUMBER: OC380034 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PARRY DAVIES CLWYD-JONES & LLOYD LLP

PARRY DAVIES CLWYD-JONES & LLOYD LLP (REGISTERED NUMBER: OC380034)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


PARRY DAVIES CLWYD-JONES & LLOYD LLP (REGISTERED NUMBER: OC380034)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,630 38,289

CURRENT ASSETS
Debtors 5 735,059 677,122
Cash at bank and in hand 35,669 11,800
770,728 688,922
CREDITORS
Amounts falling due within one year 6 310,933 313,093
NET CURRENT ASSETS 459,795 375,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,425

414,118

CREDITORS
Amounts falling due after more than one
year

7

20,567

30,567
NET ASSETS ATTRIBUTABLE TO
MEMBERS

484,858

383,551

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

484,858

383,551

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 484,858 383,551
Amounts due from members 5 (33,508 ) (9,301 )
451,350 374,250

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.

PARRY DAVIES CLWYD-JONES & LLOYD LLP (REGISTERED NUMBER: OC380034)

BALANCE SHEET - continued
31 MARCH 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 September 2023 and were signed by:





L R Davies - Designated member

PARRY DAVIES CLWYD-JONES & LLOYD LLP (REGISTERED NUMBER: OC380034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Parry Davies Clwyd-Jones & Lloyd LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC380034

Registered office: 25 Church Street
Llangefni
Anglesey
LL77 7DU

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, including work in progress, excluding 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 - 15% on reducing balance

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.

Members' remuneration
Profit shares are determined annually, and are automatically allocated to the members, meaning there are no unallocated profits. Allocated profits are included within "Loans and other debts due to members" and rank pari passu with ordinary creditors in the event of winding up.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 56 (2022 - 58 ) .

PARRY DAVIES CLWYD-JONES & LLOYD LLP (REGISTERED NUMBER: OC380034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 83,794
Additions 15,392
At 31 March 2023 99,186
DEPRECIATION
At 1 April 2022 45,505
Charge for year 8,051
At 31 March 2023 53,556
NET BOOK VALUE
At 31 March 2023 45,630
At 31 March 2022 38,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 619,291 586,445
Other debtors 115,768 90,677
735,059 677,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 80,105 41,100
Taxation and social security 149,801 154,217
Other creditors 81,027 117,776
310,933 313,093

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,567 30,567

PARRY DAVIES CLWYD-JONES & LLOYD LLP (REGISTERED NUMBER: OC380034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 16,060 28,223
Between one and five years 13,848 3,419
29,908 31,642

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 21,505 -
Bank loans 79,167 71,667
100,672 71,667

The bank loan and overdraft are secured by fixed and floating charges over the LLP's assets, along with a members' guarantee. The hire purchase liabilities are secured on the assets to which the relate.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with unsecured creditors.