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REGISTERED NUMBER: OC333142 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EXPENSE CONTROL LLP

EXPENSE CONTROL LLP (REGISTERED NUMBER: OC333142)






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


EXPENSE CONTROL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: J M Linnard
G C Fairclough





REGISTERED OFFICE: Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT





REGISTERED NUMBER: OC333142 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

EXPENSE CONTROL LLP (REGISTERED NUMBER: OC333142)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 8,222 10,963
8,223 10,964

CURRENT ASSETS
Debtors 6 146,578 167,910

CREDITORS
Amounts falling due within one year 7 8,075 16,223
NET CURRENT ASSETS 138,503 151,687
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,726

162,651

CREDITORS
Amounts falling due after more than one year 8 - 15,925
NET ASSETS ATTRIBUTABLE TO
MEMBERS

146,726

146,726

EXPENSE CONTROL LLP (REGISTERED NUMBER: OC333142)

BALANCE SHEET - continued
31 MARCH 2023

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

9

53,726

53,726

MEMBERS' OTHER INTERESTS
Capital accounts 93,000 93,000
146,726 146,726

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 53,726 53,726
Members' other interests 93,000 93,000
Amounts due from members 6 (144,820 ) (164,409 )
1,906 (17,683 )

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 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 2 November 2023 and were signed by:





J M Linnard - Designated member

EXPENSE CONTROL LLP (REGISTERED NUMBER: OC333142)

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

1. STATUTORY INFORMATION

Expense Control 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

Going concern
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.

The LLP has continued to establish links with a number of customers and suppliers which has led ot it being able to trade cash positively post the period end date. as a consequence, the members believe that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sales of goods and services to customers.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill
Goodwill is the difference between the fair value of consideration paid for an acquired entity and the aggregate of the fair value of that entity's identifiable assets and liabilities.

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office Equipment - 33% on cost

EXPENSE CONTROL LLP (REGISTERED NUMBER: OC333142)

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

2. ACCOUNTING POLICIES - continued

Operating leases
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Members' remuneration
A member's share of the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.

3. EMPLOYEE INFORMATION

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 31,710
AMORTISATION
At 1 April 2022
and 31 March 2023 31,709
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

EXPENSE CONTROL LLP (REGISTERED NUMBER: OC333142)

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

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 34,645 504 35,149
DEPRECIATION
At 1 April 2022 23,683 503 24,186
Charge for year 2,741 - 2,741
At 31 March 2023 26,424 503 26,927
NET BOOK VALUE
At 31 March 2023 8,221 1 8,222
At 31 March 2022 10,962 1 10,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts due from members 144,820 164,409
Accrued Income 1,758 3,501
146,578 167,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,598 8,120
Hire purchase contracts - 3,348
Trade Creditors 2,158 2,434
VAT 764 810
Accruals and deferred income 1,555 1,511
8,075 16,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 15,925

EXPENSE CONTROL LLP (REGISTERED NUMBER: OC333142)

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

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to Unsecured Creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to Creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.