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REGISTERED NUMBER: OC377896 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

SM Jones Engineering LLP

SM Jones Engineering LLP (Registered number: OC377896)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SM Jones Engineering LLP

General Information
for the Year Ended 30 June 2023







DESIGNATED MEMBERS: S M Jones
Mrs K R Jones





REGISTERED OFFICE: Level 7, Tower 12
The Avenue North
18-22 Bridge Street
Manchester
M3 3BZ





REGISTERED NUMBER: OC377896 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
Level 7, Tower 12,
18-22 Bridge Street,
Spinningfields,
Manchester
M3 3BZ

SM Jones Engineering LLP (Registered number: OC377896)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,635 186,052

CURRENT ASSETS
Stocks 5 736 484
Debtors 6 92,969 69,762
Cash at bank 53,363 71,008
147,068 141,254
CREDITORS
Amounts falling due within one year 7 35,527 70,752
NET CURRENT ASSETS 111,541 70,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,176

256,554

CREDITORS
Amounts falling due after more than one
year

8

49,686

57,591
NET ASSETS ATTRIBUTABLE TO
MEMBERS

224,490

198,963

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

224,490

198,963

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 224,490 198,963
Amounts due from members 6 (28,994 ) (27,965 )
195,496 170,998

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 30 June 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.

SM Jones Engineering LLP (Registered number: OC377896)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 December 2023 and were signed by:





Mrs K R Jones - Designated member

SM Jones Engineering LLP (Registered number: OC377896)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

SM Jones Engineering 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Commercial vehicles - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 10% on cost
Tools & equipment - 10% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2022 - 1 ) .

SM Jones Engineering LLP (Registered number: OC377896)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Commercial and Motor Tools &
vehicles fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022
and 30 June 2023 47,084 7,092 184,950 26,568 265,694
DEPRECIATION
At 1 July 2022 18,441 6,878 27,755 26,568 79,642
Charge for year 4,708 214 18,495 - 23,417
At 30 June 2023 23,149 7,092 46,250 26,568 103,059
NET BOOK VALUE
At 30 June 2023 23,935 - 138,700 - 162,635
At 30 June 2022 28,643 214 157,195 - 186,052

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 184,950
Transfer to ownership (95,160 )
At 30 June 2023 89,790
DEPRECIATION
At 1 July 2022 27,755
Charge for year 8,979
Transfer to ownership (27,755 )
At 30 June 2023 8,979
NET BOOK VALUE
At 30 June 2023 80,811
At 30 June 2022 157,195

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 736 484

SM Jones Engineering LLP (Registered number: OC377896)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 63,213 41,649
Amounts due from members 28,994 27,965
Other debtors - 148
VAT 762 -
92,969 69,762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 7,906 51,797
Trade creditors 23,934 12,727
Social security and other taxes 1,687 1,491
VAT - 2,737
Accrued expenses 2,000 2,000
35,527 70,752

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 49,686 57,591

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members only take drawings where cash is available and other creditors are not adversely affected.

10. ULTIMATE CONTROLLING PARTY

The LLP is controlled by the members.