REGISTERED NUMBER: |
DALSS LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 1 February 2024 |
REGISTERED NUMBER: |
DALSS LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 1 February 2024 |
DALSS LLP (Registered number: OC382648) |
Contents of the Financial Statements |
for the year ended 1 February 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Chartered Accountants' Report | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
DALSS LLP |
General Information |
for the year ended 1 February 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
28 Eaton Avenue |
Matrix Office Park |
Buckshaw Village |
Chorley |
Lancashire |
PR7 7NA |
DALSS LLP (Registered number: OC382648) |
Report of the Members |
for the year ended 1 February 2024 |
The members present their report with the financial statements of the LLP for the year ended 1 February 2024. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £NIL (2023 - £NIL profit). |
MEMBERS' INTERESTS |
The policies of the LLP regarding the allocation of profits to members, drawings, on account distributions and subscription and repayment of capital are; |
Members income is derived from their profit share of the profits of the LLP and they are required to make their own provision for pension and other benefits. Profits are allocated and divided between members after finalisation of the financial statements. |
During the year members may receive monthly drawings the level and timing of which are decided by a majority of the members. These drawings represent payments on account of current year profits and are reclaimable from members until profits have been finalised and allocated. |
The capital requirements of the partnership are determined from time to time by a majority of the members voting at a members meeting. Each member is required to subscribe a proportion of capital. No interest is paid on capital. New members are required to subscribe their capital on the date of joining the partnership and upon leaving the partnership a members capital is repaid. |
ON BEHALF OF THE MEMBERS: |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
DALSS LLP |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of DALSS LLP for the year ended 1 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of DALSS LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DALSS LLP and state those matters that we have agreed to state to the members of DALSS LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DALSS LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that DALSS LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DALSS LLP. You consider that DALSS LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of DALSS LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
DALSS LLP (Registered number: OC382648) |
Income Statement |
for the year ended 1 February 2024 |
2024 | 2023 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING PROFIT and |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
DALSS LLP (Registered number: OC382648) |
Balance Sheet |
1 February 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
30,421 |
36,406 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
30,421 |
36,406 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 30,421 | 36,406 |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
DALSS LLP (Registered number: OC382648) |
Notes to the Financial Statements |
for the year ended 1 February 2024 |
1. | STATUTORY INFORMATION |
DALSS 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 (£). |
The amounts in the financial statements have been rounded to the nearest £1. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents sales of goods and services excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest. |
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 |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
DALSS LLP (Registered number: OC382648) |
Notes to the Financial Statements - continued |
for the year ended 1 February 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 2 February 2023 |
and 1 February 2024 |
DEPRECIATION |
At 2 February 2023 |
Charge for year |
At 1 February 2024 |
NET BOOK VALUE |
At 1 February 2024 |
At 1 February 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes |
Other creditors |
Accruals and deferred income |