Cooper Cavendish LLP Filleted Accounts Cover |
Registered No. OC404361 | |||||||||
Cooper Cavendish LLP Balance Sheet Registrar |
at | ||||||||||
Registered No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 5 | 6,517 | 8,751 | |||||||
6,517 | 8,751 | |||||||||
Current assets | ||||||||||
Stocks | 6 | 36,123 | 14,597 | |||||||
Debtors | 7 | 161,582 | 110,600 | |||||||
Cash at bank and in hand | 55,947 | 136,833 | ||||||||
253,652 | 262,030 | |||||||||
Creditors: Amounts falling due within one year | 8 | (54,637) | (60,090) | |||||||
Net current assets | 199,015 | 201,940 | ||||||||
Total assets less current liabilities | 205,532 | 210,691 | ||||||||
Net assets attributable to members | 205,532 | 210,691 | ||||||||
Represented by: | ||||||||||
Members' other interests | ||||||||||
Members' capital | 200 | 200 | ||||||||
Other reserves | 205,332 | 210,491 | ||||||||
205,532 | 210,691 | |||||||||
205,532 | 210,691 | |||||||||
Approved by the members on 02 August 2024 and signed on its behalf by: | ||||||||||
J.P. Cavendish | ||||||||||
Designated member | ||||||||||
02 August 2024 |
Cooper Cavendish LLP Notes to the Accounts Registrar |
for the year ended 30 April 2024 | ||||||||||||||||
1 | General information | |||||||||||||||
Cooper Cavendish LLP is a limited liability partnership and incorporated in England and Wales. | ||||||||||||||||
Its registered number is: OC404361 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
2 | Accounting policies |
Turnover | ||||||||||||||||
Turnover represents the fair value of services provided during the year on client assignments. Fair value reflects the amounts expected to be recoverable from clients based on time spend and exclude VAT. | ||||||||||||||||
Members' remuneration and division of profits | ||||||||||||||||
Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'. | ||||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||||
Plant and machinery | ||||||||||||||||
Furniture, fittings and equipment | ||||||||||||||||
Research and development costs | ||||||||||||||||
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line. | ||||||||||||||||
Work in Progress | ||||||||||||||||
Trade and other debtors | ||||||||||||||||
Trade and other creditors | ||||||||||||||||
Provisions | ||||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||||
Members' Interests | ||||||||||||||||
Members' interests are classified as either equity or debt. Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves. Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members. | ||||||||||||||||
Leased assets | ||||||||||||||||
Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. | ||||||||||||||||
Taxation | ||||||||||||||||
Retirement benefits of former members | ||||||||||||||||
The retirement benefits of former members are determined annually base on a formula directly linked to the profits of the partnership. Provision is made at the date of retirement of the member for the estimated present value of the expected future payments to that member. On initial recognition the estimated current value of the future pension is transferred from members' interests to provisions for liabilities and charges. The unwinding of the discount of the provision to retirement benefits is charged to the profit and loss account and including in interest payable. The liability is reassessed annually and any changes in the estimates are included within the profit and loss account. | ||||||||||||||||
3 | Information in relation to members | |||||||||||||||
2024 | 2023 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of members during the year : | 2 | 2 | ||||||||||||||
4 | Employees | |||||||||||||||
2024 | 2023 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of persons employed during the year was: | ||||||||||||||||
5 | Tangible fixed assets | |||||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||||
£ | £ | £ | ||||||||||||||
Cost | ||||||||||||||||
At 1 May 2023 | ||||||||||||||||
Additions | ||||||||||||||||
At 30 April 2024 | ||||||||||||||||
Depreciation | ||||||||||||||||
At 1 May 2023 | ||||||||||||||||
Charge for the year | ||||||||||||||||
At 30 April 2024 | ||||||||||||||||
Net book values | ||||||||||||||||
At 30 April 2024 | ||||||||||||||||
At 30 April 2023 | ||||||||||||||||
6 | Stocks | |||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Work in progress | ||||||||||||||||
7 | Debtors | |||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Trade debtors | ||||||||||||||||
Prepayments and accrued income | ||||||||||||||||
8 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2024 | 2023 | |||||||||||||||
£ | £ | |||||||||||||||
Bank loans and overdrafts | ||||||||||||||||
Vat | ||||||||||||||||
Accruals and deferred income | ||||||||||||||||