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REGISTERED NUMBER: OC326489 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

MICHAEL EYRES PARTNERSHIP LLP

MICHAEL EYRES PARTNERSHIP LLP (REGISTERED NUMBER: OC326489)

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


MICHAEL EYRES PARTNERSHIP LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: M Bickle
P A Douglas
N C Slack
M J Twigger





REGISTERED OFFICE: 208/210 Keighley Road
Bradford
BD9 4JZ





REGISTERED NUMBER: OC326489 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

MICHAEL EYRES PARTNERSHIP LLP (REGISTERED NUMBER: OC326489)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,562 58,206

CURRENT ASSETS
Debtors 5 216,612 244,960
Cash at bank 402,292 517,412
618,904 762,372
CREDITORS
Amounts falling due within one year 6 99,136 136,342
NET CURRENT ASSETS 519,768 626,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,330

684,236

CREDITORS
Amounts falling due after more than one
year

7

4,569

20,632
NET ASSETS ATTRIBUTABLE TO
MEMBERS

584,761

663,604

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

584,761

663,604

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 584,761 663,604
Amounts due from members 5 (4,277 ) -
580,484 663,604

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.

MICHAEL EYRES PARTNERSHIP LLP (REGISTERED NUMBER: OC326489)

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 7 November 2023 and were signed by:





P A Douglas - Designated member

MICHAEL EYRES PARTNERSHIP LLP (REGISTERED NUMBER: OC326489)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Michael Eyres 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.

Technical equipment20%-of cost
Office furniture and equipment15%-of net book amount
Motor vehicles25%-of cost or net book amount

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.

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.

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 tax payable on the profits of the limited liability partnership is the liability of the individual members. An amount is retained from each member to cover the members' estimated liability for income tax and social security contributions on their profit share. The amounts retained from allocated profits are shown as a separate component of 'loans and other debts due to members'.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

MICHAEL EYRES PARTNERSHIP LLP (REGISTERED NUMBER: OC326489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Office
furniture
Technical and Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2022 54,790 18,158 90,915 163,863
Additions 4,736 295 35,995 41,026
Disposals - - (25,506 ) (25,506 )
At 31 March 2023 59,526 18,453 101,404 179,383
DEPRECIATION
At 1 April 2022 51,309 15,993 38,355 105,657
Charge for year 2,855 369 18,249 21,473
Eliminated on disposal - - (17,309 ) (17,309 )
At 31 March 2023 54,164 16,362 39,295 109,821
NET BOOK VALUE
At 31 March 2023 5,362 2,091 62,109 69,562
At 31 March 2022 3,481 2,165 52,560 58,206

Motor vehicles with a total net book amount of £26,547 (2022 - £35,396) are held under hire purchase contracts. Total depreciation charged in respect of these vehicles for the year amounted to £8,849 (2022 - £11,799).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120,683 155,933
Amounts due from members 4,277 -
Due from former member 4,079 4,079
Accrued income 80,997 75,991
Prepayments 6,576 8,957
216,612 244,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 16,062 5,599
Social security and other taxes 74,722 117,543
Due to former member 825 825
Accruals and deferred income 7,527 12,375
99,136 136,342

MICHAEL EYRES PARTNERSHIP LLP (REGISTERED NUMBER: OC326489)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 4,569 20,632

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 440,168 452,579
Taxation provision accounts 144,593 211,025
584,761 663,604

Falling due within one year 584,761 663,604

Members' capital classified as a liability is unsecured and ranks equally with debts owed to other unsecured creditors.

9. ULTIMATE CONTROLLING PARTY

In the opinion of the members there is no controlling party.