Registered number
OC427937
OSOM CARE LLP
Filleted Accounts
31 July 2022
OSOM CARE LLP
Registered number: OC427937
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 439 604
Current assets
Debtors 4 8,463 8,463
Cash at bank and in hand (19) 770
8,444 9,233
Creditors: amounts falling due within one year 5 (30,996) (19,727)
Net current liabilities (22,552) (10,494)
Total assets less current liabilities (22,113) (9,890)
Net liabilities attributable to members (22,113) (9,890)
Represented by:
Members' other interests
Other reserves (22,113) (9,890)
(22,113) (9,890)
Total members' interests
Members' other interests (22,113) (9,890)
(22,113) (9,890)
For the year ended 31 July 2022 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
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.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 4 October 2023 and signed on their behalf by:
Fahad Attar Ltd
Designated member
OSOM CARE LLP
Notes to the Accounts
for the year ended 31 July 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the LLP 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2021 824
At 31 July 2022 824
Depreciation
At 1 August 2021 220
Charge for the year 165
At 31 July 2022 385
Net book value
At 31 July 2022 439
At 31 July 2021 604
4 Debtors 2022 2021
£ £
Trade debtors 8,463 8,463
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other taxes and social security costs 11,919 8,288
Other creditors 19,077 11,439
30,996 19,727
6 Controlling party
The members control the limited liability partnership.
7 Other information
OSOM CARE LLP is a limited liability partnership incorporated in England. Its registered office is:
Suite 2 ,Parkway 5
Parkway Business Centre
300 Princess Road
Manchester
M14 7HR
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