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REGISTERED NUMBER: SO305616 (Scotland)















Financial Statements for the Year Ended 31 March 2023

for

GORDON & HALLIDAY FLOORING CONTRACTORS
LLP

GORDON & HALLIDAY FLOORING CONTRACTORS
LLP (REGISTERED NUMBER: SO305616)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GORDON & HALLIDAY FLOORING CONTRACTORS
LLP

General Information
for the Year Ended 31 March 2023







Designated members: M Edwards
B Edwards
B Gordon
G Gordon





Registered office: 24/5B Dryden Road
Bilston Glen Ind. Estate
Loanhead
Midlothian
EH20 9HX





Registered number: SO305616 (Scotland)





Accountants: James Anderson & Co
Chartered Accountants
Pentland Estate
Straiton
Edinburgh
EH20 9QH

GORDON & HALLIDAY FLOORING CONTRACTORS
LLP (REGISTERED NUMBER: SO305616)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 143,415 104,337

Current assets
Stock and work in progress 11,802 10,729
Debtors 5 917,560 629,194
Cash at bank 357,811 332,614
1,287,173 972,537
Creditors
Amounts falling due within one year 6 (466,281 ) (367,988 )
Net current assets 820,892 604,549
Total assets less current liabilities 964,307 708,886

Creditors
Amounts falling due after more than one
year

7

(184,959

)

(249,408

)
Net assets attributable to members 779,348 459,478

Loans and other debts due to members 8 779,348 459,478

Total members' interests
Loans and other debts due to members 8 779,348 459,478

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 17 October 2023 and were signed by:





B Gordon - Designated member

GORDON & HALLIDAY FLOORING CONTRACTORS
LLP (REGISTERED NUMBER: SO305616)

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


1. Statutory information

Gordon & Halliday Flooring Contractors LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and value added tax.

Turnover was derived from one activity which is that of flooring contractors and is recognised when the service is delivered. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest income is recognised using the effective interest method.

Tangible fixed assets
Expenditure is capitalised as a fixed asset where it represents either a new asset or an enhancement to an
existing asset. Depreciation is provided at the following annual rates in order to write off each asset over its
expected useful life less estimated residual value.
.
Motor vehicles - 20% reducing balance
Workshop equipment - 15% reducing balance
Office equipment - 4 years straight line

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks and work in progress
Stocks have been valued at the lower of cost and net realisable value. Work in progress has been valued at the cost price of materials and direct labour.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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.

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.

GORDON & HALLIDAY FLOORING CONTRACTORS
LLP (REGISTERED NUMBER: SO305616)

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


2. Accounting policies - continued

Members' remuneration
All profits are divided after a decision by the LLP and are classed as an appropriation of profits rather than as an expense.

Tax provision
The taxation payable on profits is the personal liability of the members during the year. No retention from profits is made to fund payments of taxation on members' behalf.

3. Employee information

The average number of employees during the year was 28 (2022 - 28 ) .

4. Tangible fixed assets
Workshop Motor Office
equipment vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022 23,008 256,459 13,837 293,304
Additions - 78,575 - 78,575
Disposals - (27,254 ) - (27,254 )
At 31 March 2023 23,008 307,780 13,837 344,625
Depreciation
At 1 April 2022 11,846 164,283 12,838 188,967
Charge for year 1,674 33,483 999 36,156
Written back on disposals - (23,913 ) - (23,913 )
At 31 March 2023 13,520 173,853 13,837 201,210
Net book value
At 31 March 2023 9,488 133,927 - 143,415
At 31 March 2022 11,162 92,176 999 104,337

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 910,125 622,019
Other debtors 7,435 7,175
917,560 629,194

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 333,923 230,936
Taxation and social security 74,862 53,852
Other creditors 57,496 83,200
466,281 367,988

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 184,959 249,408

GORDON & HALLIDAY FLOORING CONTRACTORS
LLP (REGISTERED NUMBER: SO305616)

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


8. Loans and other debts due to members
2023 2022
£    £   
Amounts owed to members in respect of profits 779,348 459,478

Falling due within one year 779,348 459,478

Loans and other debts due to members rank pari passu with unsecured creditors.

9. Other financial commitments

At 31 March 2023 the LLP had total commitments under non-cancellable operating leases over the remaining life of those leases of £183,438 (2022: £235,043).