Registered number
OC401823
Yorkshire Eye Specialists LLP
Filleted Accounts
31 March 2023
Yorkshire Eye Specialists LLP
Registered number: OC401823
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 32,678 58,246
Current assets
Debtors 4 84,106 74,451
Cash at bank and in hand 268,257 269,582
352,363 344,033
Creditors: amounts falling due within one year 5 (162,606) (158,084)
Net current assets 189,757 185,949
Total assets less current liabilities 222,435 244,195
Creditors: amounts falling due after more than one year 6 (29,088) (22,631)
Net assets attributable to members 193,347 221,564
Represented by:
Loans and other debts due to members 7 143,000 143,000
Members' other interests
Other reserves 50,347 78,564
193,347 221,564
Total members' interests
Loans and other debts due to members 7 143,000 143,000
Members' other interests 50,347 78,564
193,347 221,564
For the year ended 31 March 2023 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 6 September 2023 and signed on their behalf by:
Robert H Taylor, for and on behalf of BLIJA Ltd
Designated member
Yorkshire Eye Specialists LLP
Notes to the Accounts
for the year ended 31 March 2023
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. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Division of profits
Profits are treated as being available for discretionary division only if 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.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
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 4 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 6 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 170,996
Additions 154
Disposals (860)
At 31 March 2023 170,290
Depreciation
At 1 April 2022 112,750
Charge for the year 25,240
On disposals (378)
At 31 March 2023 137,612
Net book value
At 31 March 2023 32,678
At 31 March 2022 58,246
4 Debtors 2023 2022
£ £
Trade debtors 66,928 59,859
Other debtors 17,178 14,592
84,106 74,451
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 10,703 13,454
Trade creditors 130,467 126,963
Accrued charges 14,624 11,664
Other taxes and social security costs 4,373 3,804
Other creditors 2,439 2,199
162,606 158,084
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 11,928 22,631
Other creditors 17,160 -
29,088 22,631
7 Loans and other debts due to members 2023 2022
£ £
Loans from members 143,000 143,000
Amounts falling due within one year 143,000 143,000
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
8 Other information
Yorkshire Eye Specialists LLP is a limited liability partnership incorporated in England. Its registered office is:
Silverfox House
35 Brooklands Crescent
Fulwood
Sheffield
S10 4GE
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