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REGISTERED NUMBER: OC394152 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Frogs Island 4x4 Workshop LLP

Frogs Island 4x4 Workshop LLP (Registered number: OC394152)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frogs Island 4x4 Workshop LLP

General Information
for the year ended 31 July 2023







DESIGNATED MEMBERS: Mr N A Hendry
Mr M R Smith
Mr G K Arnold





REGISTERED OFFICE: The Workshop
Wantage Road
Great Shefford
Hungerford
Berkshire
RG17 7DA





REGISTERED NUMBER: OC394152 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Frogs Island 4x4 Workshop LLP (Registered number: OC394152)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,366 20,792

CURRENT ASSETS
Stocks 22,128 20,517
Debtors 5 7,062 9,003
Cash at bank and in hand 88,220 70,516
117,410 100,036
CREDITORS
Amounts falling due within one year 6 22,315 25,101
NET CURRENT ASSETS 95,095 74,935
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

123,461

95,727

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

123,461

95,727

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 123,461 95,727

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 31 July 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.

Frogs Island 4x4 Workshop LLP (Registered number: OC394152)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 26 March 2024 and were signed by:




Mr N A Hendry - Designated member




Mr M R Smith - Designated member


Frogs Island 4x4 Workshop LLP (Registered number: OC394152)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Frogs Island 4x4 Workshop 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
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. The financial statements have been prepared under the historical cost convention.

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 etc - 25% on reducing balance and 20% on reducing balance

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 33,011
Additions 12,350
At 31 July 2023 45,361
DEPRECIATION
At 1 August 2022 12,219
Charge for year 4,776
At 31 July 2023 16,995
NET BOOK VALUE
At 31 July 2023 28,366
At 31 July 2022 20,792

Frogs Island 4x4 Workshop LLP (Registered number: OC394152)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 7,062 3,428
Other debtors - 5,575
7,062 9,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 12,123 16,481
Taxation and social security 8,732 6,892
Other creditors 1,460 1,728
22,315 25,101

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank below other creditors in the event of a winding up of the LLP.