Registration number:
MCA Services Cambridge LLP
for the Year Ended 31 March 2023
MCA Services Cambridge LLP
Contents
Abridged Financial Statements |
|
Abridged Balance Sheet |
|
Notes to the Abridged Financial Statements |
MCA Services Cambridge LLP
(Registration number: OC399113)
Abridged Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash and short-term deposits |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Accruals and deferred income |
( |
( |
|
Net assets attributable to members |
|
|
|
Represented by: |
|||
Loans and other debts due to members |
|||
Members' capital classified as a liability |
78,653 |
42,899 |
|
Members’ other interests |
|||
Other reserves |
|
|
|
207,322 |
217,646 |
||
Total members' interests |
|||
Loans and other debts due to members |
78,653 |
42,899 |
|
Equity |
|
|
|
207,322 |
217,646 |
For the year ending 31 March 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Profit and Loss Account has been taken.
MCA Services Cambridge LLP
(Registration number: OC399113)
Abridged Balance Sheet as at 31 March 2023 (continued)
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of MCA Services Cambridge LLP (registered number OC399113) were approved by the
......................................... |
MCA Services Cambridge LLP
Notes to the Abridged Financial Statements for the Year Ended 31 March 2023
Accounting policies |
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of MCA Services Cambridge LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold |
Not depreciated |
Plant |
15% reducing balance |
Fixtures |
15% reducing balance |
Computers |
33% straight line |
Work in progress
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
MCA Services Cambridge LLP
Notes to the Abridged Financial Statements for the Year Ended 31 March 2023 (continued)
Tangible fixed assets |
Total |
|
Cost |
|
At 1 April 2022 |
|
Additions |
|
At 31 March 2023 |
|
Depreciation |
|
At 1 April 2022 |
|
Charge for the year |
|
At 31 March 2023 |
|
Net book value |
|
At 31 March 2023 |
|
At 31 March 2022 |
|
Control |
The ultimate controlling party is the same as the controlling party.