REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Moreton In Marsh Dry Cleaning Company |
LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Moreton In Marsh Dry Cleaning Company |
LLP |
Moreton In Marsh Dry Cleaning Company |
LLP (Registered number: OC304821) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Moreton In Marsh Dry Cleaning Company |
LLP |
General Information |
for the Year Ended 30 June 2023 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
302 Cirencester Bsness Park |
Love Lane |
Cirencester |
Gloucestershire |
GL7 1XD |
Moreton In Marsh Dry Cleaning Company |
LLP (Registered number: OC304821) |
Report of the Members |
for the Year Ended 30 June 2023 |
The members present their report with the financial statements of the LLP for the year ended 30 June 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of a dry cleaning company. |
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 £52,953 (2022 - £65,976 profit). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
Moreton In Marsh Dry Cleaning Company |
LLP (Registered number: OC304821) |
Income Statement |
for the Year Ended 30 June 2023 |
30.6.23 | 30.6.22 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
53,484 | 65,676 |
Other operating income |
OPERATING PROFIT | 4 |
Interest receivable and similar income |
53,503 | 66,485 |
Interest payable and similar expenses |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
52,953 |
65,976 |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES |
52,953 |
65,976 |
Members' remuneration charged as an expense | 5 | (52,953 | ) | (65,976 | ) |
PROFIT FOR THE FINANCIAL YEAR AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
Moreton In Marsh Dry Cleaning Company |
LLP (Registered number: OC304821) |
Balance Sheet |
30 June 2023 |
30.6.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
18,889 |
19,258 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
18,889 |
19,258 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 18,889 | 19,258 |
Amounts due from members | - | (19,353 | ) |
18,889 | (95 | ) |
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. |
Moreton In Marsh Dry Cleaning Company |
LLP (Registered number: OC304821) |
Balance Sheet - continued |
30 June 2023 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Moreton In Marsh Dry Cleaning Company |
LLP (Registered number: OC304821) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Moreton In Marsh Dry Cleaning Company 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 |
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 |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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: |
30.6.23 | 30.6.22 |
£ | £ |
Depreciation - owned assets |
5. | INFORMATION IN RELATION TO MEMBERS |
30.6.23 | 30.6.22 |
£ | £ |
Members' remuneration charged as an expense |
Automatic division of profit | 52,953 | 65,976 |
Moreton In Marsh Dry Cleaning Company |
LLP (Registered number: OC304821) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2022 |
and 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors | ( |
) |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Bank loans |
9. | 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 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. |