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REGISTERED NUMBER: OC346973 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

RA Accountants LLP

RA Accountants LLP (Registered number: OC346973)






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


RA Accountants LLP

General Information
for the Year Ended 31 July 2023







DESIGNATED MEMBERS: R Akhtar
A Hafeez





REGISTERED OFFICE: 2nd Floor, Grove House
55 Lowlands Road
Harrow
Middlesex
HA1 3AW





REGISTERED NUMBER: OC346973 (England and Wales)






RA Accountants LLP (Registered number: OC346973)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,323 71,418

CURRENT ASSETS
Stocks 20,650 21,825
Debtors 5 889,292 963,043
Cash at bank and in hand 114,950 64,174
1,024,892 1,049,042
CREDITORS
Amounts falling due within one year 6 308,211 267,353
NET CURRENT ASSETS 716,681 781,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,004

853,107

CREDITORS
Amounts falling due after more than one year 7 292,380 357,547
NET ASSETS ATTRIBUTABLE TO
MEMBERS

496,624

495,560

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

496,624

495,560

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 496,624 495,560

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.

RA Accountants LLP (Registered number: OC346973)

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 6 February 2024 and were signed by:




A Hafeez - Designated member




R Akhtar - Designated member


RA Accountants LLP (Registered number: OC346973)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

RA Accountants 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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 24 (2022 - 24 ) .

RA Accountants LLP (Registered number: OC346973)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 3,308 334,156 337,464
Additions - 21,642 21,642
At 31 July 2023 3,308 355,798 359,106
DEPRECIATION
At 1 August 2022 - 266,046 266,046
Charge for year - 20,737 20,737
At 31 July 2023 - 286,783 286,783
NET BOOK VALUE
At 31 July 2023 3,308 69,015 72,323
At 31 July 2022 3,308 68,110 71,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 406,282 387,129
Other debtors 483,010 575,914
889,292 963,043

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 11,352 13,814
Trade creditors 192,732 140,884
Taxation and social security 104,127 110,870
Other creditors - 1,785
308,211 267,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 292,380 357,547

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.