The Bookkeeping Department LLP Filleted Accounts Cover
The Bookkeeping Department LLP
Registered No. OC430663
Information for Filing with the Registrar
31 March 2024
The Bookkeeping Department LLP Balance Sheet Registrar
at
31 March 2024
Registered No.
OC430663
Notes
2024
2023
£
£
Fixed assets
Tangible assets
5
50,789
56,850
50,789
56,850
Current assets
Debtors
6
38,849
37,493
Cash at bank and in hand
70,077
59,981
108,926
97,474
Creditors: Amounts falling due within one year
7
(46,174)
(45,239)
Net current assets
62,752
52,235
Total assets less current liabilities
113,541
109,085
Creditors: Amounts falling due after more than one year
8
(48,346)
(55,167)
Net assets attributable to members
65,195
53,918
Represented by:
Loans and other debts due to members
65,195
53,918
65,195
53,918
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 09 August 2024 and signed on its behalf by:
A. Moffat
Designated member
09 August 2024
The Bookkeeping Department LLP Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
The Bookkeeping Department LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC430663
Its registered office is:
Eastway Enterprise Centre
Paynes Park
Hitchin
Herts
SG5 1EH
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2021.
2
Accounting policies
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of
services in the ordinary course of the LLP’s activities. Turnover is shown net of sales less value added tax, returns, rebates and discounts.

The LLP recognises revenue when the amount of revenue can be reliably measured, it is
probable that future economic benefits will flow to the entity and specific criteria have been met for
the delivery of services under prevailing contractual terms.
Members' remuneration and division of profits
No remuneration is paid to any member under a contract of employment.

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'.
Government grants
Government grants are recognised within Other operating income. Revenue grants are recognised,
under the accruals method, on a systematic basis over the periods in which the related costs are
recorded for which the grant is intended to compensate.
Tangible fixed assets and depreciation
Tangible fixed assets held for the LLP's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold buildings
6.67% Straight line
Motor vehicles
25% Straight line
Furniture, fittings and equipment
20% Straight line
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of
business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the LLP will not be able to collect all amounts due according to the original terms of the receivables.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.

Borrowings are classified as current liabilities unless the LLP has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.
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.
Leases and hire purchase contracts
Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are
classified as operating leases. Payments made under operating leases are charged to profit or loss on
a straight-line basis over the period of the lease.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Defined contribution pensions
The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.
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:
12
10
5
Tangible fixed assets
Land and buildings
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost
At 1 April 2023
24,78822,33014,86261,980
Additions
--1,8631,863
Disposals
--
(2,796)
(2,796)
At 31 March 2024
24,78822,33013,92961,047
Depreciation
At 1 April 2023
826664,2385,130
Charge for the year
1,6532,9953,2767,924
Disposals
--
(2,796)
(2,796)
At 31 March 2024
2,4793,0614,71810,258
Net book values
At 31 March 2024
22,30919,2699,21150,789
At 31 March 2023
23,962
22,264
10,624
56,850
6
Debtors
2024
2023
£
£
Trade debtors
35,79535,055
Other debtors
1,325455
Prepayments and accrued income
1,7291,983
38,84937,493
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,9407,013
Obligations under finance lease and hire purchase contracts
2,0862,269
Trade creditors
6,8545,519
Other taxes and social security
27,46225,622
Other creditors
1,3341,002
Accruals and deferred income
1,4983,814
46,17445,239
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
33,17438,161
Obligations under finance lease and hire purchase contracts
15,17217,006
48,34655,167
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
11,361
16,611
11,361
16,611
9
Loans and other debts due to members
2024
2023
£
£
Amounts due to members in respect of profits
65,195
53,918
65,195
53,918
Amounts falling due within one year
65,195
53,918
65,195
53,918
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