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REGISTERED NUMBER: SO302924 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BILL BABER YORK LLP

BILL BABER YORK LLP (REGISTERED NUMBER: SO302924)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILL BABER YORK LLP

GENERAL INFORMATION
for the year ended 31 March 2023







DESIGNATED MEMBERS: W J L Baber
J Baber





REGISTERED OFFICE: 66 Grassmarket
Edinburgh
EH1 2JR





REGISTERED NUMBER: SO302924 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

BILL BABER YORK LLP (REGISTERED NUMBER: SO302924)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,154 698

CURRENT ASSETS
Stocks 9,606 9,088
Debtors 5 20,028 15,967
Cash at bank 17,122 13,409
46,756 38,464
CREDITORS
Amounts falling due within one year 6 6,392 3,716
NET CURRENT ASSETS 40,364 34,748
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

41,518

35,446

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

41,518

35,446

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 41,518 35,446

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.

BILL BABER YORK LLP (REGISTERED NUMBER: SO302924)

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 October 2023 and were signed by:





J Baber - Designated member

BILL BABER YORK LLP (REGISTERED NUMBER: SO302924)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Bill Baber York LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes in relation to the sale of knitwear goods.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% per annum reducing balance
Fixtures and fittings - 25% per annum reducing balance
Computer equipment - 33% per annum on cost

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

WORK IN PROGRESS
Work in progress is stated at the value of services provided but not yet invoiced.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2022 - 4 ) .

BILL BABER YORK LLP (REGISTERED NUMBER: SO302924)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,022 2,748 340 4,110
Additions - 944 - 944
Disposals (186 ) (1,954 ) - (2,140 )
At 31 March 2023 836 1,738 340 2,914
DEPRECIATION
At 1 April 2022 812 2,423 177 3,412
Charge for year 51 210 112 373
Eliminated on disposal (180 ) (1,845 ) - (2,025 )
At 31 March 2023 683 788 289 1,760
NET BOOK VALUE
At 31 March 2023 153 950 51 1,154
At 31 March 2022 210 325 163 698

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,006 6,137
Other debtors 8,022 9,830
20,028 15,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 6,392 3,716

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 41,518 35,446

Falling due within one year 41,518 35,446

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.