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REGISTERED NUMBER: OC395212 (England and Wales)















I Ward And Sons Restoration LLP

Report of the Members and

Unaudited Financial Statements

for the Year Ended 30th September 2023






I Ward And Sons Restoration LLP (Registered number: OC395212)






Contents of the Financial Statements
for the year ended 30th September 2023




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 to 7


I Ward And Sons Restoration LLP

General Information
for the year ended 30th September 2023







DESIGNATED MEMBERS: I J Ward
J O Ward
T J Ward





REGISTERED OFFICE: 310 Welllingborough Road
Northampton
Northamptonshire
NN1 4EP





REGISTERED NUMBER: OC395212 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

I Ward And Sons Restoration LLP (Registered number: OC395212)

Report of the Members
for the year ended 30th September 2023

The members present their report with the financial statements of the LLP for the year ended 30th September 2023.

DESIGNATED MEMBERS
The designated members during the year under review were:

I J Ward
J O Ward
T J Ward

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £30,695 (2022 - £29,792 profit).

MEMBERS' INTERESTS
The members are equally entitled/responsible for the surplus/deficit for each financial year, subject to variable adjustments agreed between the two parties. All capital account balances will be treated as equity with current account balances treated as debt to the business.

MEMBERS' RESPONSIBILITIES STATEMENT
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





J O Ward - Designated member


10th April 2024

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
I Ward And Sons Restoration 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 I Ward And Sons Restoration LLP for the year ended 30th September 2023 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 I Ward And Sons Restoration 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 I Ward And Sons Restoration LLP and state those matters that we have agreed to state to the members of I Ward And Sons Restoration 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 I Ward And Sons Restoration LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that I Ward And Sons Restoration 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 I Ward And Sons Restoration LLP. You consider that I Ward And Sons Restoration 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 I Ward And Sons Restoration 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.






Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP


10th April 2024

I Ward And Sons Restoration LLP (Registered number: OC395212)

Income Statement
for the year ended 30th September 2023

2023 2022
Notes £    £   

TURNOVER 91,712 70,337

Cost of sales 42,737 26,596
GROSS PROFIT 48,975 43,741

Administrative expenses 18,302 13,950
OPERATING PROFIT 30,673 29,791

Interest receivable and similar income 22 1
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




30,695




29,792

I Ward And Sons Restoration LLP (Registered number: OC395212)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 1,610 2,147

CURRENT ASSETS
Debtors 7 11,795 34,109
Cash at bank 24,362 17,781
36,157 51,890
CREDITORS
Amounts falling due within one year 8 5,029 21,213
NET CURRENT ASSETS 31,128 30,677
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

32,738

32,824

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

32,738

32,824

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 32,738 32,824
Amounts due from members 7 (11,643 ) (4,240 )
21,095 28,584

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30th September 2023.

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 have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 10th April 2024 and were signed by:





J O Ward - Designated member

I Ward And Sons Restoration LLP (Registered number: OC395212)

Notes to the Financial Statements
for the year ended 30th September 2023

1. STATUTORY INFORMATION

I Ward And Sons Restoration 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 principal activity of the LLP in the year under review was that of property restoration.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

4. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

5. INFORMATION IN RELATION TO MEMBERS

2023 2022

The average number of members during the year was 3 3

I Ward And Sons Restoration LLP (Registered number: OC395212)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

6. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st October 2022
and 30th September 2023 670 6,353 7,023
DEPRECIATION
At 1st October 2022 533 4,343 4,876
Charge for year 34 503 537
At 30th September 2023 567 4,846 5,413
NET BOOK VALUE
At 30th September 2023 103 1,507 1,610
At 30th September 2022 137 2,010 2,147

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 152 29,869
Other debtors 11,643 4,240
11,795 34,109

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 14,098
Taxation and social security 3,250 5,395
Other creditors 1,779 1,720
5,029 21,213

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The debt to members would rank equally with the debt to other creditors.

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th September 2023 or as at 30th September 2022.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 30th September 2023 or as at 30th September 2022.