Dannatt Johnson Architects LLP |
Registered number: |
OC345246 |
Balance Sheet |
as at 31 May 2023 |
Notes |
|
2023 |
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
432,231 |
|
444,212 |
Current assets |
|
|
|
|
|
Work in progress |
|
|
12,538 |
|
12,570 |
Debtors |
4 |
|
262,533 |
|
105,175 |
Cash at bank and in hand |
|
|
121,760 |
|
167,858 |
|
|
|
396,831 |
|
285,603 |
|
Creditors: amounts falling due within one year |
5 |
|
(316,993) |
|
(221,700) |
|
Net current assets |
|
|
79,838 |
|
63,903 |
|
|
|
|
|
|
Total assets less current liabilities |
|
|
512,069 |
|
508,115 |
|
Creditors: amounts falling due after more than one year |
6 |
|
(140,775) |
|
(182,548) |
|
|
Net assets attributable to members |
371,294 |
|
325,567 |
|
|
|
|
|
|
Represented by: |
Loans and other debts due to members |
7 |
|
371,294 |
|
325,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
371,294 |
|
325,567 |
|
|
|
|
|
|
Total members' interests |
Loans and other debts due to members |
7 |
|
371,294 |
|
325,567 |
|
|
|
|
371,294 |
|
325,567 |
|
|
|
|
|
|
For the year ended 31 May 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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. |
The 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. |
|
These accounts were approved by the members on 19 January 2024 and signed on their behalf by: |
|
|
D. A. Johnson |
Designated member |
|
Dannatt Johnson Architects LLP |
Notes to the Accounts |
for the year ended 31 May 2023 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Land and buildings |
2% straight line |
|
Furniture and office equipment |
15% reducing balance |
|
Computer equipment |
33% reducing balance |
|
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
The number of persons employed by the LLP |
6 |
|
6 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 June 2022 |
515,264 |
|
161,305 |
|
676,569 |
|
Additions |
- |
|
3,270 |
|
3,270 |
|
At 31 May 2023 |
515,264 |
|
164,575 |
|
679,839 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2022 |
91,710 |
|
140,647 |
|
232,357 |
|
Charge for the year |
10,305 |
|
4,946 |
|
15,251 |
|
At 31 May 2023 |
102,015 |
|
145,593 |
|
247,608 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2023 |
413,249 |
|
18,982 |
|
432,231 |
|
At 31 May 2022 |
423,554 |
|
20,658 |
|
444,212 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
251,466 |
|
96,348 |
|
Other debtors |
11,067 |
|
8,827 |
|
|
|
|
|
|
262,533 |
|
105,175 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
41,828 |
|
33,623 |
|
Trade creditors |
97,256 |
|
12,623 |
|
Other taxes and social security costs |
45,784 |
|
38,322 |
|
Other creditors |
132,125 |
|
137,132 |
|
|
|
|
|
|
316,993 |
|
221,700 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
140,775 |
|
182,548 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans and other debts due to members |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts due to members in respect of profits |
371,294 |
|
325,567 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
371,294 |
|
325,567 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
8 |
Grants |
|
For the monthly JRS grant income, the income will be recognised in the period to which the underlying furlough staff costs relate to. The payroll liability has been incurred by the entity, and it has therefore met the conditions to claim for the payroll accounting period. Government grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to the grant and the grant will be received. Revenue grants are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivble as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, shall be recognised in income in the period in which it becomes receivable. |
|
8 |
Other information |
|
|
Dannatt Johnson Architects LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Unit 1 The Wireworks |
|
77 Great Suffolk Street |
|
London |
|
SE1 0BU |