Registered No. OC433697 (England and Wales)
Make Good Design LLP
Unaudited accounts
for the year ended 31 October 2023
Make Good Design LLP
LLP Information
for the year ended 31 October 2023
Designated members
Ms Rebecca Marie Alford
Registered Number
OC433697 (England and Wales)
Registered Office
Wrap
83 Queens Road
Brighton
East Sussex
BN1 3XE
England
Make Good Design LLP
Statement of financial position
as at 31 October 2023
Tangible assets
2,429
3,425
Cash at bank and in hand
51,389
39,581
Creditors: amounts falling due within one year
(11,198)
(24,522)
Net current assets
70,281
66,803
Net assets attributable to members
72,710
70,228
Loans and other debts due to members
72,710
70,228
Loans and other debts due to members
72,710
70,228
For the year ending 31 October 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 12 March 2024.
Ms Megan Sayers
Designated member
Limited Liability Partnership Registration No. OC433697
Make Good Design LLP
Notes to the Accounts
for the year ended 31 October 2023
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a reducing balance basis
Computer equipment
33% on a reducing balance basis
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Make Good Design LLP is a limited liability partnership, incorporated in England and Wales, registration number OC433697. Its registered office is Wrap, 83 Queens Road, Brighton, East Sussex, BN1 3XE, England.
Make Good Design LLP
Notes to the Accounts
for the year ended 31 October 2023
3
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
1,287
3,574
4,861
At 31 October 2023
1,287
3,574
4,861
At 1 November 2022
257
1,179
1,436
Charge for the year
206
790
996
At 31 October 2023
463
1,969
2,432
At 31 October 2023
824
1,605
2,429
At 31 October 2022
1,030
2,395
3,425
4
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,745
10,920
Taxes and social security costs
9,288
3,102
5
Loans and other debts due to members
2023
2022
Amounts due to members in respect of profits
72,710
70,228
Amounts falling due within one year
72,710
70,228
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).