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REGISTERED NUMBER: OC304821 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Moreton In Marsh Dry Cleaning Company
LLP

Moreton In Marsh Dry Cleaning Company
LLP (Registered number: OC304821)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Moreton In Marsh Dry Cleaning Company
LLP

General Information
for the Year Ended 30 June 2023







DESIGNATED MEMBERS: J Lear
Ms A Harrison





REGISTERED OFFICE: Unit 1 Hospital Road
Moreton-in-Marsh
Gloucestershire
GL56 8BN





REGISTERED NUMBER: OC304821 (England and Wales)





ACCOUNTANTS: Accounting by Design (UK) Limited
302 Cirencester Bsness Park
Love Lane
Cirencester
Gloucestershire
GL7 1XD

Moreton In Marsh Dry Cleaning Company
LLP (Registered number: OC304821)

Report of the Members
for the Year Ended 30 June 2023

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

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a dry cleaning company.

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

J Lear
Ms A Harrison

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £52,953 (2022 - £65,976 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Ms A Harrison - Designated member


27 February 2024

Moreton In Marsh Dry Cleaning Company
LLP (Registered number: OC304821)

Income Statement
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   

TURNOVER 139,734 138,957

Cost of sales 4,159 3,221
GROSS PROFIT 135,575 135,736

Administrative expenses 82,091 70,060
53,484 65,676

Other operating income - 809
OPERATING PROFIT 4 53,484 66,485

Interest receivable and similar income 19 -
53,503 66,485

Interest payable and similar expenses 550 509
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


52,953


65,976

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


52,953


65,976

Members' remuneration charged as an expense 5 (52,953 ) (65,976 )
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Moreton In Marsh Dry Cleaning Company
LLP (Registered number: OC304821)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 7,801 10,401

CURRENT ASSETS
Stocks 200 500
Debtors - 19,353
Prepayments and accrued income 3,000 3,000
Cash at bank 14,152 23,412
17,352 46,265
CREDITORS
Amounts falling due within one year 7 6,264 17,425
NET CURRENT ASSETS 11,088 28,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,889

39,241

CREDITORS
Amounts falling due after more than one year 8 - 19,983
NET ASSETS ATTRIBUTABLE TO
MEMBERS

18,889

19,258

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

18,889

19,258

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 18,889 19,258
Amounts due from members - (19,353 )
18,889 (95 )

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 30 June 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.

Moreton In Marsh Dry Cleaning Company
LLP (Registered number: OC304821)

Balance Sheet - continued
30 June 2023


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 27 February 2024 and were signed by:




Ms A Harrison - Designated member




J Lear - Designated member


Moreton In Marsh Dry Cleaning Company
LLP (Registered number: OC304821)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Moreton In Marsh Dry Cleaning Company 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.

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2022 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.23 30.6.22
£    £   
Depreciation - owned assets 2,600 2,779

5. INFORMATION IN RELATION TO MEMBERS
30.6.23 30.6.22
£    £   
Members' remuneration charged as an expense
Automatic division of profit 52,953 65,976

Moreton In Marsh Dry Cleaning Company
LLP (Registered number: OC304821)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 214,340
DEPRECIATION
At 1 July 2022 203,939
Charge for year 2,600
At 30 June 2023 206,539
NET BOOK VALUE
At 30 June 2023 7,801
At 30 June 2022 10,401

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 7,132
Trade creditors - (1 )
Taxation and social security 6,264 8,088
Other creditors - 2,206
6,264 17,425

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 19,983

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of winding up.
There is no provision for specific legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.