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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

DOUGLAS BRIGGS PARTNERSHIP LLP

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOUGLAS BRIGGS PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DESIGNATED MEMBERS: D.P. Briggs
Mrs L M A Shaw





REGISTERED OFFICE: Flint Barns
Ham Farm
Bosham
Chichester
West Sussex
PO18 8EH





REGISTERED NUMBER: OC302485 (England and Wales)





ACCOUNTANTS: Evans Weir
Chartered Accountants
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,789 11,290

CURRENT ASSETS
Stocks 2,636 13,454
Debtors 5 47,705 44,803
Cash at bank 14,076 11,687
64,417 69,944
CREDITORS
Amounts falling due within one year 6 41,242 33,824
NET CURRENT ASSETS 23,175 36,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,964

47,410

CREDITORS
Amounts falling due after more than one
year

7

22,194

-
NET ASSETS ATTRIBUTABLE TO
MEMBERS

70,770

47,410

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

70,670

47,310

MEMBERS' OTHER INTERESTS
Capital accounts 100 100
70,770 47,410

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 70,670 47,310
Members' other interests 100 100
70,770 47,410

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 31st January 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.

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

BALANCE SHEET - continued
31ST JANUARY 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 20th October 2023 and were signed by:




D.P. Briggs - Designated member




Mrs L M A Shaw - Designated member


DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

Douglas Briggs Partnership 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.
Plant and machinery etc - 25% on reducing balance, 20% on cost and Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 3 (2022 - 3 ) .

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2022 120,125
Additions 72,147
Disposals (64,757 )
At 31st January 2023 127,515
DEPRECIATION
At 1st February 2022 108,835
Charge for year 4,474
Eliminated on disposal (55,583 )
At 31st January 2023 57,726
NET BOOK VALUE
At 31st January 2023 69,789
At 31st January 2022 11,290

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 72,147
At 31st January 2023 72,147
NET BOOK VALUE
At 31st January 2023 72,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,081 39,316
Other debtors 4,624 5,487
47,705 44,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 12,682 -
Trade creditors 405 66
Taxation and social security 22,655 13,631
Other creditors 5,500 20,127
41,242 33,824

DOUGLAS BRIGGS PARTNERSHIP LLP (REGISTERED NUMBER: OC302485)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 22,194 -

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up amounts due to unsecured creditors would be discharged in full before the loans and other debts due to members were repaid.

There are no restrictions or limitations in respect of the ability of members to reduce the amount of their other interest.

9. RELATED PARTY DISCLOSURES

D.P. Briggs and L.M. Shaw have provided personal guarantees in respect of bank borrowings. The maximum liability under the terms of the guarantee is £20,000.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D.P. Briggs.