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Registration number: OC311561

C C L Contracting LLP

Annual Report and Unaudited Financial Statements

period to 31 March 2024

 

C C L Contracting LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 8

Balance Sheet

2

Notes to the Financial Statements

4

 

C C L Contracting LLP

Limited liability partnership information

Designated members

Mr J M Towriess

Mr A Broadhurst
 

Registered office

Derwent House Unit 1A
Waterfold Park
Bury
Lancashire
BL9 7BR

Principal place of business

Derwent House Unit 1A
Waterfold Park
Bury
Lancashire
BL9 7BR

Accountants

Horsfield & Smith
Chartered Accountants
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX

 

C C L Contracting LLP

(Registration number: OC311561)
Balance Sheet
as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

45,359

62,595

Current assets

 

Debtors

4

1,074,802

994,333

Cash and short-term deposits

 

153,890

483,444

 

1,228,692

1,477,777

Creditors: Amounts falling due within one year

5

(1,248,793)

(1,317,255)

Net current (liabilities)/assets

 

(20,101)

160,522

Total assets less current liabilities

 

25,258

223,117

Creditors: Amounts falling due after more than one year

6

(31,155)

(38,193)

Net (liabilities)/assets attributable to members

 

(5,897)

184,924

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

(5,897)

184,924

   

(5,897)

184,924

Total members' interests

 

Loans and other debts due to members

 

(5,897)

184,924

   

(5,897)

184,924

 

C C L Contracting LLP

(Registration number: OC311561)
Balance Sheet
as at 31 March 2024

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of C C L Contracting LLP (registered number OC311561) were approved by the Board and authorised for issue on 1 August 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr A Broadhurst
Designated member

 

C C L Contracting LLP

Notes to the Financial Statements

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of C C L Contracting LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

 

C C L Contracting LLP

Notes to the Financial Statements

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

 

C C L Contracting LLP

Notes to the Financial Statements

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant & Machinery

15% Straight line

Motor Vehicles

25% Straight line

Office Equipment

20% Straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

 

C C L Contracting LLP

Notes to the Financial Statements

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 3 (2023 - 3).

3

Tangible fixed assets

Plant and machinery
 £

Motor vehicles
 £

Office equipment
 £

Total
£

Cost

At 1 July 2023

75,205

56,084

1,995

133,284

At 31 March 2024

75,205

56,084

1,995

133,284

Depreciation

At 1 July 2023

49,350

19,344

1,995

70,689

Charge for the year

6,483

10,753

-

17,236

At 31 March 2024

55,833

30,097

1,995

87,925

Net book value

At 31 March 2024

19,372

25,987

-

45,359

At 30 June 2023

25,855

36,740

-

62,595

4

Debtors

2024
£

2023
£

Trade debtors

5,562

8,362

Other debtors

1,064,074

980,752

Prepayments and accrued income

5,166

5,219

Total current trade and other debtors

1,074,802

994,333

 

C C L Contracting LLP

Notes to the Financial Statements

5

Creditors: Amounts falling due within one year

2024
£

2023
£

Trade creditors

31,161

74,699

Other creditors

229,987

229,281

Accruals and deferred income

986,683

983,182

Taxation and social security

962

30,093

1,248,793

1,317,255

6

Creditors: Amounts falling due after more than one year

2024
£

2023
£

Bank loans and overdrafts

31,155

38,193

7

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.