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REGISTERED NUMBER: OC420602 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BISHOP AKERS LLP

BISHOP AKERS LLP (REGISTERED NUMBER: OC420602)






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


BISHOP AKERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DESIGNATED MEMBERS: Mrs J M Hardy
Mrs P Tilbury





REGISTERED OFFICE: Haven House
193 Swanley Lane
Swanley
Kent
BR8 7LA





REGISTERED NUMBER: OC420602 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

BISHOP AKERS LLP (REGISTERED NUMBER: OC420602)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 18,000
Tangible assets 5 317,694 321,929
332,694 339,929

CURRENT ASSETS
Debtors 6 128,306 141,094
Cash at bank and in hand 58,960 43,787
187,266 184,881
CREDITORS
Amounts falling due within one year 7 60,123 59,955
NET CURRENT ASSETS 127,143 124,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,837

464,855

CREDITORS
Amounts falling due after more than one
year

8

165,238

175,513
NET ASSETS ATTRIBUTABLE TO
MEMBERS

294,599

289,342

BISHOP AKERS LLP (REGISTERED NUMBER: OC420602)

BALANCE SHEET - continued
30 JUNE 2023

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

9

294,599

289,342

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 294,599 289,342

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.

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 24 October 2023 and were signed by:




Mrs J M Hardy - Designated member




Mrs P Tilbury - Designated member


BISHOP AKERS LLP (REGISTERED NUMBER: OC420602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Bishop Akers 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, net of value added tax, comprises fees receivable for services provided to clients based on the extent of the performance of contractual obligations and the agreed rates for these services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% per annum on reducing balance
Motor vehicles - 25% per annum on reducing balance
Computer equipment - 25% per annum 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.

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.

Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation or related deferred taxation are accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

BISHOP AKERS LLP (REGISTERED NUMBER: OC420602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 30,000
AMORTISATION
At 1 July 2022 12,000
Charge for year 3,000
At 30 June 2023 15,000
NET BOOK VALUE
At 30 June 2023 15,000
At 30 June 2022 18,000

BISHOP AKERS LLP (REGISTERED NUMBER: OC420602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 300,000 5,832 35,710 10,764 352,306
Additions - - - 1,561 1,561
At 30 June 2023 300,000 5,832 35,710 12,325 353,867
DEPRECIATION
At 1 July 2022 - 3,358 22,149 4,870 30,377
Charge for year - 612 3,390 1,794 5,796
At 30 June 2023 - 3,970 25,539 6,664 36,173
NET BOOK VALUE
At 30 June 2023 300,000 1,862 10,171 5,661 317,694
At 30 June 2022 300,000 2,474 13,561 5,894 321,929

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 16,683 18,219
Other debtors 56,623 55,875
73,306 74,094

Amounts falling due after more than one year:
Other debtors 55,000 67,000

Aggregate amounts 128,306 141,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 347
Trade creditors 1,077 -
Taxation and social security 33,960 35,121
Other creditors 25,086 24,487
60,123 59,955

BISHOP AKERS LLP (REGISTERED NUMBER: OC420602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Trade creditors 165,238 175,513

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 294,599 289,342

Falling due within one year 294,599 289,342

Amounts owed to third parties rank in priority to loans and other debts due to members.