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REGISTERED NUMBER: OC372815 (England and Wales)










John Coull Associates LLP

Report of the Members and

Unaudited Financial Statements

for the Year Ended 28 February 2023






John Coull Associates LLP (Registered number: OC372815)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


John Coull Associates LLP

General Information
for the year ended 28 February 2023







DESIGNATED MEMBERS: Mr J A Coull
Mrs J Coull





REGISTERED OFFICE: 28 Bryn Estate
Bontnewydd
Caernarfon
Gwynedd
LL55 2UN





REGISTERED NUMBER: OC372815 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

John Coull Associates LLP (Registered number: OC372815)

Report of the Members
for the year ended 28 February 2023

The members present their report with the financial statements of the LLP for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of Engineering & Consultancy.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr J A Coull
Mrs J Coull

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £49,742 (2022 - £36,680 profit).

MEMBERS' INTERESTS
The partnership operates a drawings policy which has regard to a cautious estimate of budgeted profits. Drawings are restricted to prudent levels, taking into account working capital performance, with full distributions of profits only when the results for the year and individual members' allocations have been determined.

In addition, the Members' Agreement provides a framework for further restriction of drawings under circumstances where the cash requirements of the business need to take priority over the cash needs of the members.

ON BEHALF OF THE MEMBERS:





Mr J A Coull - Designated member


16 November 2023

John Coull Associates LLP (Registered number: OC372815)

Income Statement
for the year ended 28 February 2023

2023 2022
Notes £    £   

TURNOVER 78,060 52,448

Cost of sales (12,009 ) (6,394 )
GROSS PROFIT 66,051 46,054

Administrative expenses (16,309 ) (9,374 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




49,742




36,680

John Coull Associates LLP (Registered number: OC372815)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,721 2,725

CURRENT ASSETS
Debtors 6 14,067 14,453
Cash at bank 44,857 40,793
58,924 55,246
CREDITORS
Amounts falling due within one year 7 4,735 7,385
NET CURRENT ASSETS 54,189 47,861
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

56,910

50,586

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

56,910

50,586

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 56,910 50,586

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 28 February 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 November 2023 and were signed by:





Mr J A Coull - Designated member

John Coull Associates LLP (Registered number: OC372815)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

John Coull Associates 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.
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 653 682

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 7,774
Additions 649
At 28 February 2023 8,423
DEPRECIATION
At 1 March 2022 5,049
Charge for year 653
At 28 February 2023 5,702
NET BOOK VALUE
At 28 February 2023 2,721
At 28 February 2022 2,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,038 14,439
Other debtors 29 14
14,067 14,453

John Coull Associates LLP (Registered number: OC372815)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 191 1,551
Other creditors 4,544 5,834
4,735 7,385

8. 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'.