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REGISTERED NUMBER: OC301632 (England and Wales)















BREAKWELLS LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

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










Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


BREAKWELLS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: J E Breakwell
Mrs E G Breakwell
Mrs J D Breakwell
Mrs G A Burston
J R Burston





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: OC301632 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023


The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
freight transport by road.

DESIGNATED MEMBERS
The designated members during the year under review were:

J E Breakwell
Mrs E G Breakwell
Mrs J D Breakwell
Mrs G A Burston
J R Burston

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £4,664 (2022 - £42,582 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs J D Breakwell - Designated member


6 November 2023

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BREAKWELLS LLP



In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Breakwells LLP for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Breakwells LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Breakwells LLP and state those matters that we have agreed to state to the members of Breakwells LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Breakwells LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Breakwells LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Breakwells LLP. You consider that Breakwells LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Breakwells LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


6 November 2023

BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 91,000 267,962

Cost of sales (11,138 ) 173,586
GROSS PROFIT 102,138 94,376

Administrative expenses 17,448 72,700
OPERATING PROFIT 4 84,690 21,676


Interest payable and similar expenses 80,026 64,258
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS




4,664




(42,582




)

BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 699,899 706,523

CURRENT ASSETS
Debtors 6 464,147 516,844
Cash at bank 2,692 -
466,839 516,844
CREDITORS
Amounts falling due within one year 7 614,218 622,492
NET CURRENT LIABILITIES (147,379 ) (105,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,520

600,875

CREDITORS
Amounts falling due after more than one year 8 387,520 435,875
NET ASSETS ATTRIBUTABLE TO
MEMBERS

165,000

165,000

BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Revaluation reserve 9 165,000 165,000
165,000 165,000

TOTAL MEMBERS' INTERESTS
Members' other interests 165,000 165,000
Amounts due from members 6 (298,134 ) (290,365 )
(133,134 ) (125,365 )

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 6 November 2023 and were signed by:





Mrs J D Breakwell - Designated member

BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

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


1. STATUTORY INFORMATION

Breakwells 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 as modified by the revaluation of certain assets.

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.
Land and buildings - not depreciated
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 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.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 6,624 42,096

BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 680,000 286,339 966,339
DEPRECIATION
At 1 April 2022 - 259,816 259,816
Charge for year - 6,624 6,624
At 31 March 2023 - 266,440 266,440
NET BOOK VALUE
At 31 March 2023 680,000 19,899 699,899
At 31 March 2022 680,000 26,523 706,523

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 165,000 - 165,000
Cost 515,000 286,339 801,339
680,000 286,339 966,339

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 464,147 516,844

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,111 48,563
Trade creditors 100 47,382
Taxation and social security 51,570 87,832
Other creditors 525,437 438,715
614,218 622,492

BREAKWELLS LLP (REGISTERED NUMBER: OC301632)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 94,676 116,525
Other creditors 292,844 319,350
387,520 435,875

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 139,837 186,732

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 165,000