Registered number: OC443558 | ||||||||
FOR THE YEAR ENDED 31/08/2023 | ||||||||
Prepared By: | ||||||||
JER Accounts Service | ||||||||
Accountants & Taxation | ||||||||
7 St Pauls Yard | ||||||||
Silver Street | ||||||||
Newport Pagnell | ||||||||
Bucks | ||||||||
MK16 0EG |
Surrey Hills Books LLP | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2023 | ||||||||
DESIGNATED MEMBERS | ||||||||
REGISTERED OFFICE | ||||||||
Surrey | ||||||||
COMPANY NUMBER | ||||||||
ACCOUNTANTS | ||||||||
JER Accounts Service | ||||||||
Accountants & Taxation | ||||||||
7 St Pauls Yard | ||||||||
Silver Street | ||||||||
Newport Pagnell | ||||||||
Bucks | ||||||||
MK16 0EG |
Surrey Hills Books LLP | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Report of the Members | 3 | |||||||
Profit and Loss Account | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes to the Accounts | 6 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading and Profit and Loss Account | 10 | |||||||
Profit and Loss Account Summaries | 11 | |||||||
Capital Accounts | - | |||||||
Current Accounts | 11 | |||||||
Surrey Hills Books LLP | ||||||||
MEMBERS' REPORT | ||||||||
FOR THE YEAR ENDED 31/08/2023 | ||||||||
The members present their report and accounts for the year ended 31/08/2023 | ||||||||
PRINCIPAL ACTIVITIES | ||||||||
The principal activity of the LLP in the year under review was Book Retailer. . | ||||||||
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS | ||||||||
The profit for the year before members' remuneration and profit shares was £(7,165) (2022 £-). | ||||||||
DRAWINGS POLICY | ||||||||
The LLP operates a drawings policy which has regard to a cautious estimate of expected profits. Drawings are restricted to prudent levels, taking into account working capital performance, until the results for the year and individual members' allocations have been determined. | ||||||||
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs. | ||||||||
This report was approved on behalf of the members on 11/04/2024 | ||||||||
Richard Cornelius | ||||||||
Designated member |
Surrey Hills Books LLP | ||||||||
PROFIT AND LOSS ACCOUNT | ||||||||
FOR THE YEAR ENDED31/08/2023 | ||||||||
Notes | 2023 | 2022 | ||||||
£ | £ | |||||||
TURNOVER | 3 | 44,138 | - | |||||
Cost of sales | (26,264) | - | ||||||
GROSS PROFIT | 17,874 | - | ||||||
Administrative expenses | (25,039) | - | ||||||
OPERATING LOSS | (7,165) | - | ||||||
LOSS FOR THE FINANCIALYEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (7,165) | - | ||||||
Surrey Hills Books LLP | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 6 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | 1d | |||||||||
Debtors | 8 | |||||||||
Cash at bank and in hand | ||||||||||
56,061 | - | |||||||||
NET CURRENT ASSETS | - | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than oneyear | 10 | 65,838 | - | |||||||
MEMBERS ' OTHER INTERESTS | ||||||||||
TOTAL MEMBERS' INTERESTS | ||||||||||
Amounts due from members | 8 | (7,165) | - | |||||||
(7,165) | - | |||||||||
Approved by the members on | ||||||||||
............................. | ||||||||||
Designated Member | ||||||||||
Surrey Hills Books LLP | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/08/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1b. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. |
1b. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. |
1c. Depreciation | ||||||||
Equipment | % |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
2. INFORMATION IN RELATION TO MEMBERS | 2023 | 2022 | ||||
The average number of members during the year was | 2 | |||||
Surrey Hills Books LLP | ||||||||
3. TURNOVER | ||||||||
The turnover and pre-tax result is attributable to Book Retailer.. | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Sales | 44,138 | - | ||||||
44,138 | - | |||||||
4. OPERATING PROFIT | ||||||
2023 | 2022 | |||||
£ | £ | |||||
Operating Profit is stated after charging: | ||||||
Depreciation | 3,259 | - | ||||
3,259 | - | |||||
5. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
6. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
Additions | 13,036 | 13,036 | ||
At 31/08/2023 | 13,036 | 13,036 | ||
Depreciation | ||||
For the year | 3,259 | 3,259 | ||
At 31/08/2023 | 3,259 | 3,259 | ||
Net Book Amounts | ||||
At 31/08/2023 | 9,777 | |||
Surrey Hills Books LLP | ||||||||
7. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
8. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
VAT | 135 | - | ||||||
Amounts due from members | 7,165 | - | ||||||
7,300 | - | |||||||
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Other creditors | 65,838 | - | ||||||
65,838 | - | |||||||
Surrey Hills Books LLP | ||||||||
11. LOANS AND OTHER DEBTS DUE TO MEMBERS | 2023 | 2022 | ||||||
£ | £ | |||||||
The loans and debts due to members rank equally with debts due to ordinary creditors in a winding up. | ||||||||
12. MEMBERS INTERESTS | ||||||||||
Members' capital (classified as equity) | Reserves | Total | Loans and other debts due to/(from) members | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Profit for the financial year available for discretionary division among members | (7,165) | (7,165) | - | (7,165) | ||||||
Members' interests after profit for the year | - | (7,165) | (7,165) | - | (7,165) | |||||
Other divisions of profit | 7,165 | 7,165 | (7,165) | |||||||
Amount due from members | (7,165) | |||||||||
Balance at 31/08/2023 | - | - | - | (7,165) | (7,165) | |||||
Surrey Hills Books LLP | ||||||||
TRADING AND PROFIT AND LOSS ACCOUNT | ||||||||||
FOR THE YEAR ENDED 31/08/2023 | ||||||||||
2023 | 2022 | |||||||||
£ | £ | |||||||||
Turnover | 44,138 | - | ||||||||
Cost of Sales: | ||||||||||
Purchases | 56,467 | - | ||||||||
Other direct expenses | 8,797 | - | ||||||||
65,264 | - | |||||||||
Stock at 31/08/2023 | ( | - | ||||||||
Gross Profit | ||||||||||
17,874 | - | |||||||||
Less: | ||||||||||
Distribution costs | ||||||||||
Administrative expenses | ||||||||||
25,039 | - | |||||||||
Net loss for the year before taxation | ( | |||||||||
Net loss for the year after taxation | ( | |||||||||
Retained losses carried forward | (7,165) | - | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
Surrey Hills Books LLP | ||||||||
PROFIT AND LOSS ACCOUNT SUMMARIES | ||||||||||
FOR THE YEAR ENDED 31/08/2023 | ||||||||||
2023 | 2022 | |||||||||
£ | £ | |||||||||
Cost of sales - purchases: | ||||||||||
Purchases | 56,467 | - | ||||||||
56,467 | - | |||||||||
Cost of sales - other direct costs: | ||||||||||
Other direct expenses | 6,000 | - | ||||||||
Carriage-out | 2,797 | - | ||||||||
8,797 | - | |||||||||
Distribution Costs: | ||||||||||
Advertising and sales promotion | 1,287 | - | ||||||||
Travel | 162 | - | ||||||||
Administrative Expenses: | ||||||||||
Heat and light (electricity) | 1,069 | - | ||||||||
Rent | 15,786 | - | ||||||||
Computer costs | 327 | - | ||||||||
Professional fees | 572 | - | ||||||||
Insurance | 659 | - | ||||||||
Stationery & office supplies | 623 | - | ||||||||
Telephone | 248 | - | ||||||||
Subscriptions | 9 | - | ||||||||
Sundry expenses | 1,038 | - | ||||||||
Depreciation and Amortisation: | ||||||||||
Depreciation of equipment | 3,259 | - | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
Surrey Hills Books LLP | ||||||||
13. MEMBERS' CURRENT ACCOUNTS | ||||
Richard Cornelius | Total | |||
£ | £ | |||
Share of loss | 7,165 | 7,165 | ||
At 31/08/2023 | (7,165) | (7,165) |