UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST JANUARY 2023 |
FOR |
DOUGLAS BRIGGS PARTNERSHIP LLP |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
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 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 |
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 |
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 |
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 |
Plant and machinery etc | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31st January 2023 |
DEPRECIATION |
At 1st February 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st January 2023 |
NET BOOK VALUE |
At 31st January 2023 |
At 31st January 2022 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31st January 2023 |
NET BOOK VALUE |
At 31st January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
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 |