Registered number
OC363604
Branch Fire & Safety LLP
Filleted Accounts
31 March 2023
Branch Fire & Safety LLP
Registered number: OC363604
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4 4
Current assets
Stocks 1,866 1,641
Debtors 4 21,932 7,033
Cash at bank and in hand 9,310 41,011
33,108 49,685
Creditors: amounts falling due within one year 5 (5,778) (5,139)
Net current assets 27,330 44,546
Total assets less current liabilities 27,334 44,550
Net assets attributable to members 27,334 44,550
Represented by:
Members' other interests
Members' capital classified as equity 27,334 44,550
27,334 44,550
For the year ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 8 November 2023 and signed on their behalf by:
J R Burley
Designated member
Branch Fire & Safety LLP
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Division of profits
Profits are automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Plant, machinery, etc over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP - 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 839 7,075 7,914
At 31 March 2023 839 7,075 7,914
Depreciation
At 1 April 2022 837 7,073 7,910
At 31 March 2023 837 7,073 7,910
Net book value
At 31 March 2023 2 2 4
At 31 March 2022 2 2 4
4 Debtors 2023 2022
£ £
Trade debtors 20,162 5,389
Other debtors 1,770 1,644
21,932 7,033
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs 2,359 1,944
Other creditors 3,419 3,195
5,778 5,139
6 Other information
Branch Fire & Safety LLP is a limited liability partnership incorporated in England. Its registered office is:
627 Tonbridge Road
Barming
Maidstone
Kent
ME16 9DG
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