IRIS Accounts Production v23.3.0.418 OC387058 designated member 1.8.22 31.7.23 31.7.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC3870582022-07-31OC3870582023-07-31OC3870582022-08-012023-07-31OC3870582021-07-31OC3870582021-08-012022-07-31OC3870582022-07-31OC387058ns10:Originalns15:EnglandWales2022-08-012023-07-31OC387058ns14:PoundSterlingns10:Original2022-08-012023-07-31OC387058ns10:Originalns10:Director12022-08-012023-07-31OC387058ns10:Original2022-08-012023-07-31OC387058ns10:Original2023-07-31OC387058ns10:Originalns10:LimitedLiabilityPartnershipLLP2022-08-012023-07-31OC387058ns10:Originalns10:SmallEntities2022-08-012023-07-31OC387058ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31OC387058ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-31OC387058ns10:LimitedLiabilityPartnershipsSORPns10:Original2022-08-012023-07-31OC387058ns10:Originalns10:FullAccounts2022-08-012023-07-31OC387058ns10:Original2021-08-012022-07-31OC387058ns10:Originalns10:Director22022-08-012023-07-31OC387058ns10:Originalns10:RegisteredOffice2022-08-012023-07-31OC387058ns10:Original2022-07-31OC387058ns10:Originalns5:CurrentFinancialInstruments2023-07-31OC387058ns10:Originalns5:CurrentFinancialInstruments2022-07-31OC387058ns10:Originalns5:Non-currentFinancialInstruments2023-07-31OC387058ns10:Originalns5:Non-currentFinancialInstruments2022-07-31OC387058ns10:Originalns5:MotorVehicles2022-08-012023-07-31OC387058ns10:Originalns5:MotorVehicles2022-07-31OC387058ns10:Originalns5:MotorVehicles2023-07-31OC387058ns10:Originalns5:MotorVehicles2022-07-31OC387058ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31OC387058ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-31OC387058ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-31OC387058ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31OC387058ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31OC387058ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31OC387058ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31OC387058ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31OC387058ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-07-31OC387058ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-07-31OC387058ns10:Originalns5:HirePurchaseContracts2023-07-31OC387058ns10:Originalns5:HirePurchaseContracts2022-07-31OC387058ns10:Originalns5:WithinOneYear2023-07-31OC387058ns10:Originalns5:WithinOneYear2022-07-31
REGISTERED NUMBER: OC387058 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

CAROCELLE LLP

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAROCELLE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DESIGNATED MEMBERS: S J Holder
S J Clohessy





REGISTERED OFFICE: Linley Lodge Industrial Estate
Westgate,Aldrige,Walsall
Birmingham
West Midlands
WS9 8WZ





REGISTERED NUMBER: OC387058 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,592 71,456

CURRENT ASSETS
Debtors 5 137,212 92,061
Cash at bank 66,640 53,291
203,852 145,352
CREDITORS
Amounts falling due within one year 6 200,339 150,809
NET CURRENT ASSETS/(LIABILITIES) 3,513 (5,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,105

65,999

CREDITORS
Amounts falling due after more than one
year

7

43,554

56,757
NET ASSETS ATTRIBUTABLE TO
MEMBERS

13,551

9,242

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

13,551

9,242

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 13,551 9,242

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 July 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.

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

BALANCE SHEET - continued
31 JULY 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 24 November 2023 and were signed by:





S J Holder - Designated member

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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


1. STATUTORY INFORMATION

Carocelle LLP is registered in England and Wales. 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, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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


2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date.

If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

For non-financial assets, the asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced.

The recoverable amount of the asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised costs, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for the decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal.

An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 199,774
DEPRECIATION
At 1 August 2022 128,318
Charge for year 17,864
At 31 July 2023 146,182
NET BOOK VALUE
At 31 July 2023 53,592
At 31 July 2022 71,456

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 94,774
DEPRECIATION
At 1 August 2022 38,502
Charge for year 14,068
At 31 July 2023 52,570
NET BOOK VALUE
At 31 July 2023 42,204
At 31 July 2022 56,272

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,197 80,793
Other debtors 82,015 11,268
137,212 92,061

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 13,203 12,493
Trade creditors 180,084 130,275
Taxation and social security 1,552 3,391
Other creditors 5,500 4,650
200,339 150,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 43,554 56,757

CAROCELLE LLP (REGISTERED NUMBER: OC387058)

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


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 13,203 12,493
Between one and five years 43,554 56,757
56,757 69,250

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 3,910

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 56,757 69,250

Liabilities under hire purchase contracts are secured on the assets to which they relate.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with other creditors.

11. RELATED PARTY DISCLOSURES

S J Holder and S J Clohessy, members, are also directors of IRC Carocelle Limited. During the year, Carocelle LLP was charged £139,243 (2022: £115,626) for goods and services by IRC Carocelle Limited. Carocelle LLP charged £236,974 (2022: £105,000) for goods and services to IRC Carocelle Limited. At the year end, net amounts of £291,202 (2022: £93,154) were owed to IRC Carocelle Limited.