REGISTERED NUMBER: |
I Ward And Sons Restoration LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 30th September 2023 |
REGISTERED NUMBER: |
I Ward And Sons Restoration LLP |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 30th September 2023 |
I Ward And Sons Restoration LLP (Registered number: OC395212) |
Contents of the Financial Statements |
for the year ended 30th September 2023 |
Page |
General Information | 1 |
Report of the Members | 2 |
Chartered Accountants' Report | 3 |
Income Statement | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 | to | 7 |
I Ward And Sons Restoration LLP |
General Information |
for the year ended 30th September 2023 |
DESIGNATED MEMBERS: |
T J Ward |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
310 Wellingborough Road |
Northampton |
NN1 4EP |
I Ward And Sons Restoration LLP (Registered number: OC395212) |
Report of the Members |
for the year ended 30th September 2023 |
The members present their report with the financial statements of the LLP for the year ended 30th September 2023. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
T J Ward |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £30,695 (2022 - £29,792 profit). |
MEMBERS' INTERESTS |
The members are equally entitled/responsible for the surplus/deficit for each financial year, subject to variable adjustments agreed between the two parties. All capital account balances will be treated as equity with current account balances treated as debt to the business. |
MEMBERS' RESPONSIBILITIES STATEMENT |
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations. |
Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. |
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
ON BEHALF OF THE MEMBERS: |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
I Ward And Sons Restoration LLP |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of I Ward And Sons Restoration LLP for the year ended 30th September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of I Ward And Sons Restoration LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of I Ward And Sons Restoration LLP and state those matters that we have agreed to state to the members of I Ward And Sons Restoration LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I Ward And Sons Restoration LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that I Ward And Sons Restoration LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I Ward And Sons Restoration LLP. You consider that I Ward And Sons Restoration LLP is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of I Ward And Sons Restoration LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
310 Wellingborough Road |
Northampton |
NN1 4EP |
I Ward And Sons Restoration LLP (Registered number: OC395212) |
Income Statement |
for the year ended 30th September 2023 |
2023 | 2022 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT |
Interest receivable and similar income |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
I Ward And Sons Restoration LLP (Registered number: OC395212) |
Balance Sheet |
30th September 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
32,738 |
32,824 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
32,738 |
32,824 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 32,738 | 32,824 |
Amounts due from members | 7 | (11,643 | ) | (4,240 | ) |
21,095 | 28,584 |
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. |
The financial statements were approved by the members of the LLP and authorised for issue on |
I Ward And Sons Restoration LLP (Registered number: OC395212) |
Notes to the Financial Statements |
for the year ended 30th September 2023 |
1. | STATUTORY INFORMATION |
I Ward And Sons Restoration LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
The principal activity of the LLP in the year under review was that of property restoration. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
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 |
Plant and machinery | - |
Motor vehicles | - |
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. |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was NIL (2022 - NIL). |
5. | INFORMATION IN RELATION TO MEMBERS |
2023 | 2022 |
The average number of members during the year was | 3 | 3 |
I Ward And Sons Restoration LLP (Registered number: OC395212) |
Notes to the Financial Statements - continued |
for the year ended 30th September 2023 |
6. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1st October 2022 |
and 30th September 2023 |
DEPRECIATION |
At 1st October 2022 |
Charge for year |
At 30th September 2023 |
NET BOOK VALUE |
At 30th September 2023 |
At 30th September 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
The debt to members would rank equally with the debt to other creditors. |
10. | CONTINGENT LIABILITIES |
There were no contingent liabilities as at 30th September 2023 or as at 30th September 2022. |
11. | CAPITAL COMMITMENTS |
There were no capital commitments as at 30th September 2023 or as at 30th September 2022. |