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REGISTERED NUMBER: OC316715 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

N T FURSSE & SON LLP

N T FURSSE & SON LLP (REGISTERED NUMBER: OC316715)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31st March 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


N T FURSSE & SON LLP

GENERAL INFORMATION
for the year ended 31st March 2023







DESIGNATED MEMBERS: R Fursse
Mrs H L Fursse





REGISTERED OFFICE: Priestley House
Priestley Gardens
Chadwell Heath
Romford
Essex
RM6 4SN





REGISTERED NUMBER: OC316715 (England and Wales)





ACCOUNTANTS: Chegwidden & Co
Chartered Accountants
Priestley House
Priestley Gardens
Chadwell Heath
Essex
RM6 4SN

N T FURSSE & SON LLP (REGISTERED NUMBER: OC316715)

ABRIDGED BALANCE SHEET
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,555 64,155

CURRENT ASSETS
Stocks 41,445 -
Debtors 19,326 52,900
Cash at bank and in hand 80,973 98,744
141,744 151,644
CREDITORS
Amounts falling due within one year 78,238 79,879
NET CURRENT ASSETS 63,506 71,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,061

135,920

CREDITORS
Amounts falling due after more than one
year

-

19,009
NET ASSETS ATTRIBUTABLE TO
MEMBERS

105,061

116,911

LOANS AND OTHER DEBTS DUE TO
MEMBERS

5

105,061

116,911

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 5 105,061 116,911

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 31st 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.

N T FURSSE & SON LLP (REGISTERED NUMBER: OC316715)

ABRIDGED BALANCE SHEET - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 18th December 2023 and were signed by:





R Fursse - Designated member

N T FURSSE & SON LLP (REGISTERED NUMBER: OC316715)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st March 2023

1. STATUTORY INFORMATION

N T Fursse & Son LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2022 - 9 ) .

N T FURSSE & SON LLP (REGISTERED NUMBER: OC316715)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022
and 31st March 2023 134,637
DEPRECIATION
At 1st April 2022 70,482
Charge for year 22,600
At 31st March 2023 93,082
NET BOOK VALUE
At 31st March 2023 41,555
At 31st March 2022 64,155

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st April 2022 51,784
Reclassification/transfer (51,784 )
At 31st March 2023 -
DEPRECIATION
At 1st April 2022 3,640
Reclassification/transfer (3,640 )
At 31st March 2023 -
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 48,144

5. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.