0 false false false false false false false false false false false false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP OC377933 2022-04-01 2023-03-31 OC377933 2023-03-31 OC377933 2022-03-31 OC377933 2021-04-01 2022-03-31 OC377933 2022-03-31 OC377933 2021-03-31 OC377933 core:MotorVehicles 2022-04-01 2023-03-31 OC377933 bus:Director1 2022-04-01 2023-03-31 OC377933 bus:Director2 2022-04-01 2023-03-31 OC377933 bus:Director3 2022-04-01 2023-03-31 OC377933 core:MotorVehicles 2022-03-31 OC377933 core:MotorVehicles 2023-03-31 OC377933 core:WithinOneYear 2023-03-31 OC377933 core:WithinOneYear 2022-03-31 OC377933 core:MotorVehicles 2022-03-31 OC377933 bus:SmallEntities 2022-04-01 2023-03-31 OC377933 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 OC377933 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 OC377933 bus:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC377933 bus:FullAccounts 2022-04-01 2023-03-31 OC377933 core:OfficeEquipment 2022-04-01 2023-03-31 OC377933 core:OfficeEquipment 2023-03-31 OC377933 core:OfficeEquipment 2022-03-31
REGISTERED NUMBER: OC377933
AJP Builders LLP
Filleted Unaudited Financial Statements
31 March 2023
AJP Builders LLP
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
6,223
10,461
Current assets
Debtors
5
899
2,694
Cash at bank and in hand
18,275
12,823
--------
--------
19,174
15,517
Creditors: amounts falling due within one year
6
10,699
9,203
--------
--------
Net current assets
8,475
6,314
--------
--------
Total assets less current liabilities
14,698
16,775
--------
--------
Net assets
14,698
16,775
--------
--------
Represented by:
Loans and other debts due to members
Other amounts
7
14,698
16,775
--------
--------
Members' other interests
Other reserves
--------
--------
14,698
16,775
--------
--------
Total members' interests
Amounts due from members
(899)
(2,694)
Loans and other debts due to members
7
14,698
16,775
Members' other interests
--------
--------
13,799
14,081
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.
For the year ending 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .
AJP Builders LLP
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the members and authorised for issue on 22 November 2023 , and are signed on their behalf by:
Mr A Coney
Mr J T Cox
Designated Member
Designated Member
Mr P Griffiths
Designated Member
Registered number: OC377933
AJP Builders LLP
Notes to the Financial Statements
Year ended 31 March 2023
1.
General information
The LLP is registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% straight line
Office equipment
-
25% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
15,995
958
16,953
--------
----
--------
Depreciation
At 1 April 2022
6,332
160
6,492
Charge for the year
3,999
239
4,238
--------
----
--------
At 31 March 2023
10,331
399
10,730
--------
----
--------
Carrying amount
At 31 March 2023
5,664
559
6,223
--------
----
--------
At 31 March 2022
9,663
798
10,461
--------
----
--------
5.
Debtors
2023
2022
£
£
Other debtors
899
2,694
----
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,204
2,612
Social security and other taxes
5,282
5,713
Other creditors
1,213
878
--------
-------
10,699
9,203
--------
-------
7.
Loans and other debts due to members
2023
2022
£
£
Amounts owed to members in respect of profits
14,698
16,775
--------
--------