Company No:
Contents
DESIGNATED MEMBERS | R A Boyce |
Sibbett Gregory Wright & Coles Limited |
REGISTERED OFFICE | 3 Winchester Place |
North Street | |
Poole | |
BH15 1NX | |
United Kingdom |
REGISTERED NUMBER | OC342250 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Towngate House | |
2-8 Parkstone Road | |
Poole | |
Dorset BH15 2PW |
2023 | 2022 | |||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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44,307 | 27,316 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 41,675 | 25,517 | ||
Total assets less current liabilities | 41,675 | 25,517 | ||
Net assets attributable to members |
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Represented by | ||||
Members' other interests | ||||
Other reserves | 41,675 | 25,517 | ||
41,675 | 25,517 | |||
41,675 | 25,517 | |||
Total members' interests | ||||
Amounts due from members (included in debtors) | (30,173) | (20,189) | ||
Members' other interests | 41,675 | 25,517 | ||
11,502 | 5,328 |
Members' responsibilities:
The financial statements of Sibbett Gregory Energy Performance LLP (registered number:
R A Boyce
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Sibbett Gregory Energy Performance LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 3 Winchester Place, North Street, Poole, BH15 1NX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Revenue from services is recognised as they are delivered.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets and financial liabilities are recognised when the LLP becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the LLP intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.
Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.
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Monthly average number of persons employed by the LLP during the year |
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Trade debtors |
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Other debtors |
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Other taxation and social security |
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