Vic Craven Heating & Plumbing LLP |
Registered number: |
OC413159 |
Balance Sheet |
as at 31 March 2023 |
Notes |
|
2023 |
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
22,025 |
|
29,278 |
Current assets |
|
|
|
|
|
Stocks |
|
|
3,300 |
|
3,300 |
Debtors |
4 |
|
3,876 |
|
11,150 |
Cash at bank and in hand |
|
|
51,385 |
|
58,821 |
|
|
|
58,561 |
|
73,271 |
|
Creditors: amounts falling due within one year |
5 |
|
(28,513) |
|
(37,172) |
|
Net current assets |
|
|
30,048 |
|
36,099 |
|
|
|
|
|
|
Total assets less current liabilities |
|
|
52,073 |
|
65,377 |
|
Creditors: amounts falling due after more than one year |
6 |
|
(4,178) |
|
(12,934) |
|
|
Net assets attributable to members |
47,895 |
|
52,443 |
|
|
|
|
|
|
Represented by: |
Loans and other debts due to members |
7 |
|
47,895 |
|
52,443 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47,895 |
|
52,443 |
|
|
|
|
|
|
Total members' interests |
Loans and other debts due to members |
7 |
|
47,895 |
|
52,443 |
|
|
|
|
47,895 |
|
52,443 |
|
|
|
|
|
|
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 14 July 2023 and signed on their behalf by: |
|
|
V J Craven |
Designated member |
|
Vic Craven Heating & Plumbing 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. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise 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: |
|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 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. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the LLP |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2022 |
6,746 |
|
43,454 |
|
50,200 |
|
At 31 March 2023 |
6,746 |
|
43,454 |
|
50,200 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
5,554 |
|
15,368 |
|
20,922 |
|
Charge for the year |
231 |
|
7,022 |
|
7,253 |
|
At 31 March 2023 |
5,785 |
|
22,390 |
|
28,175 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
961 |
|
21,064 |
|
22,025 |
|
At 31 March 2022 |
1,192 |
|
28,086 |
|
29,278 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
100 |
|
8,500 |
|
Prepayments |
|
|
|
|
3,776 |
|
2,650 |
|
|
|
|
|
|
3,876 |
|
11,150 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
8,755 |
|
8,755 |
|
Trade creditors |
15,919 |
|
17,998 |
|
VAT |
2,959 |
|
9,569 |
|
Accruals |
880 |
|
850 |
|
|
|
|
|
|
28,513 |
|
37,172 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
4,178 |
|
12,934 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans and other debts due to members |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts due to members in respect of profits |
47,895 |
|
52,443 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
47,895 |
|
52,443 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
8 |
Other information |
|
|
Vic Craven Heating & Plumbing LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
79 St Winifreds Road |
|
Harrogate |
|
HG2 8LR |