Registered number
OC418834
Structemp LLP
Filleted Accounts
31 March 2023
Structemp LLP
Registered number: OC418834
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,792 10,050
Current assets
Debtors 4 452,824 283,931
Cash at bank and in hand 316,787 242,708
769,611 526,639
Creditors: amounts falling due within one year 5 (556,656) (278,655)
Net current assets 212,955 247,984
Total assets less current liabilities 224,747 258,034
Creditors: amounts falling due after more than one year 6 (30,682) (41,630)
Net assets attributable to members 194,065 216,404
Represented by:
Members' other interests
Other reserves 194,065 216,404
194,065 216,404
Total members' interests
Members' other interests 194,065 216,404
194,065 216,404
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 22 January 2024 and signed on their behalf by:
Shiraz Gulam Dudhia
Designated member
Structemp 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 25%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 8 5
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 April 2022 33,860
Additions 9,963
At 31 March 2023 43,823
Depreciation
At 1 April 2022 23,810
Charge for the year 8,221
At 31 March 2023 32,031
Net book value
At 31 March 2023 11,792
At 31 March 2022 10,050
4 Debtors 2023 2022
£ £
Trade debtors 440,898 279,720
Other debtors 11,926 4,211
452,824 283,931
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 445,701 241,761
Other taxes and social security costs 81,438 36,894
Other creditors 29,517 -
556,656 278,655
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,682 41,630
7 Other information
Structemp LLP is a limited liability partnership incorporated in England. Its registered office is:
412 Katherine Road
London
E7 8NP
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