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REGISTERED NUMBER: OC339568 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Fresco Solar Shading LLP

Fresco Solar Shading LLP (Registered number: OC339568)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fresco Solar Shading LLP

General Information
for the Year Ended 31 October 2023







DESIGNATED MEMBERS: I V Staines
Mrs S C Staines
Mrs A Muenster-Staines
S Atkinson
M Hislop





REGISTERED OFFICE: Unit 2
Springwell Court
Leeds
West Yorkshire
LS12 1AL





REGISTERED NUMBER: OC339568 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Fresco Solar Shading LLP (Registered number: OC339568)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,458 246,087

CURRENT ASSETS
Stocks 90,589 97,602
Debtors 5 521,106 579,164
Cash at bank and in hand 16,259 16,180
627,954 692,946
CREDITORS
Amounts falling due within one year 6 744,840 794,330
NET CURRENT LIABILITIES (116,886 ) (101,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,572

144,703

CREDITORS
Amounts falling due after more than one year 7 112,336 99,968
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,236

44,735

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

3,236

44,735

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 3,236 44,735
Amounts due from members 5 (281,380 ) (258,007 )
(278,144 ) (213,272 )

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 October 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.

Fresco Solar Shading LLP (Registered number: OC339568)

Balance Sheet - continued
31 October 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 26 July 2024 and were signed by:





I V Staines - Designated member

Fresco Solar Shading LLP (Registered number: OC339568)

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

1. STATUTORY INFORMATION

Fresco Solar Shading 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.

The partnership also takes account of amounts recoverable on contracts as activity progresses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Grants
Grants have been accounted for on the performance model.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 12 (2022 - 11 ) .

Fresco Solar Shading LLP (Registered number: OC339568)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 38,359 22,003 385,929 4,846 451,137
Additions - 15,200 211,498 - 226,698
Disposals - - (321,175 ) - (321,175 )
At 31 October 2023 38,359 37,203 276,252 4,846 356,660
DEPRECIATION
At 1 November 2022 38,359 16,198 146,455 4,038 205,050
Charge for year - 5,950 79,262 447 85,659
Eliminated on disposal - - (166,507 ) - (166,507 )
At 31 October 2023 38,359 22,148 59,210 4,485 124,202
NET BOOK VALUE
At 31 October 2023 - 15,055 217,042 361 232,458
At 31 October 2022 - 5,805 239,474 808 246,087

Included within the net book value is £179,653 (2022: £206,928) relating to assets held under hire purchase agreements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 74,513 187,999
Amounts recoverable on contract 144,773 94,036
Other debtors 301,820 297,129
521,106 579,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 67,774 73,355
Trade creditors 215,714 241,006
Taxation and social security 75,321 58,202
Other creditors 376,031 411,767
744,840 794,330

Fresco Solar Shading LLP (Registered number: OC339568)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 95,669 73,301
112,336 99,968

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
31.10.23 31.10.22
£    £   
Amounts owed to members in respect of profits 3,236 44,735

Falling due within one year 3,236 44,735

In the event of winding up, other unsecured creditors would be paid first before any repayment of members' accounts.