Registered number: OC442658 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
ASHBURNS ACCOUNTANTS LTD | ||||||||
CHARTERED ACCOUNTANTS | ||||||||
70-72 VICTORIA ROAD | ||||||||
HA4 0AH |
AH & MM SERVICES LLP | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DESIGNATED MEMBERS | ||||||||
REGISTERED OFFICE | ||||||||
MIDDLESEX | ||||||||
COMPANY NUMBER | ||||||||
ACCOUNTANTS | ||||||||
ASHBURNS ACCOUNTANTS LTD | ||||||||
CHARTERED ACCOUNTANTS | ||||||||
70-72 VICTORIA ROAD | ||||||||
HA4 0AH |
AH & MM SERVICES 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 | |||||||
AH & MM SERVICES LLP | ||||||||
MEMBERS' REPORT | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
The members present their report and accounts for the year ended 31/03/2024 | ||||||||
PRINCIPAL ACTIVITIES | ||||||||
The principal activity of the LLP in the year under review was KUMON TRAINING SERVICES . | ||||||||
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS | ||||||||
The profit for the year before members' remuneration and profit shares was £18,921 (2023 £10,903). | ||||||||
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 19/08/2024 | ||||||||
MOHAMED ABDALLA MOHAMED | ||||||||
Designated member |
AH & MM SERVICES LLP | ||||||||
PROFIT AND LOSS ACCOUNT | ||||||||
FOR THE YEAR ENDED31/03/2024 | ||||||||
Notes | 2024 | 2023 | ||||||
£ | £ | |||||||
TURNOVER | 3 | 136,877 | 71,037 | |||||
Cost of sales | (52,282) | (25,232) | ||||||
GROSS PROFIT | 84,595 | 45,805 | ||||||
Administrative expenses | 4 | (65,674) | (34,902) | |||||
OPERATING PROFIT | 18,921 | 10,903 | ||||||
PROFIT FOR THE FINANCIALYEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 18,921 | 10,903 | ||||||
AH & MM SERVICES LLP | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 8 | |||||||||
Tangible assets | 9 | |||||||||
8,716 | 6,190 | |||||||||
CURRENT ASSETS | ||||||||||
Cash at bank and in hand | ||||||||||
19,178 | 7,791 | |||||||||
CREDITORS: Amounts falling due within one year | 10 | |||||||||
NET CURRENT ASSETS | 7,751 | |||||||||
NET ASSETS ATTRIBUTABLE TO MEMBERS | 27,894 | 13,941 | ||||||||
LOANS AND OTHER DEBTS DUE TO MEMBERS | 11 | 27,894 | 13,941 | |||||||
MEMBERS ' OTHER INTERESTS | ||||||||||
27,894 | 13,941 | |||||||||
TOTAL MEMBERS' INTERESTS | ||||||||||
Loans and other debts due to members | 11 | 27,894 | 13,941 | |||||||
27,894 | 13,941 | |||||||||
Approved by the members on | ||||||||||
............................. | ||||||||||
Designated Member | ||||||||||
AH & MM SERVICES LLP | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
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 | reducing balance 25% |
1d. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
1e. Goodwill | ||||||||
2. INFORMATION IN RELATION TO MEMBERS | 2024 | 2023 | ||||
The average number of members during the year was | 2 | 2 | ||||
AH & MM SERVICES LLP | ||||||||
3. TURNOVER | ||||||||
The turnover and pre-tax result is attributable to KUMON TRAINING SERVICES. | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Sales | 136,877 | 71,037 | ||||||
136,877 | 71,037 | |||||||
4. OTHER OPERATING EXPENSES | 2024 | 2023 | ||||
£ | £ | |||||
Selling and marketing costs | 5,147 | 197 | ||||
Administrative expenses | 59,685 | 34,705 | ||||
Costs relating to the purchase, use, and disposal of assets | 842 | - | ||||
65,674 | 34,902 | |||||
5. OPERATING PROFIT | ||||||
2024 | 2023 | |||||
£ | £ | |||||
Operating Profit is stated after charging: | ||||||
Depreciation | 842 | - | ||||
842 | - | |||||
6. DIRECTORS AND EMPLOYEES | ||||||
Particulars of employees (including directors) are shown below: | ||||||
Employee costs during the year amounted to: | 2024 | 2023 | ||||
£ | £ | |||||
Wages and salaries | ||||||
25,794 | 12,327 | |||||
The average weekly numbers of employees during the year were as follows: | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Management and administration | 14 | 16 | ||||
14 | 16 | |||||
AH & MM SERVICES LLP | ||||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 16 | |||||
8. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2023 | 6,190 | 6,190 | ||
At 31/03/2024 | 6,190 | 6,190 | ||
Depreciation | ||||
At 31/03/2024 | - | - | ||
Net Book Amounts | ||||
At 31/03/2024 | ||||
At 31/03/2023 | ||||
9. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
Additions | 3,368 | 3,368 | ||
At 31/03/2024 | 3,368 | 3,368 | ||
Depreciation | ||||
For the year | 842 | 842 | ||
At 31/03/2024 | 842 | 842 | ||
Net Book Amounts | ||||
At 31/03/2024 | 2,526 | |||
AH & MM SERVICES LLP | ||||||||
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Taxation and social security | - | 40 | ||||||
- | 40 | |||||||
11. LOANS AND OTHER DEBTS DUE TO MEMBERS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts due to members | 27,894 | 13,941 | ||||||
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 | ||||||
£ | £ | £ | £ | £ | ||||||
Amount due to members | 13,942 | |||||||||
Balance at 01/04/2023 | - | - | - | 13,942 | 13,942 | |||||
Profit for the financial year available for discretionary division among members | 18,921 | 18,921 | - | 18,921 | ||||||
Members' interests after profit for the year | - | 18,921 | 18,921 | 13,942 | 32,863 | |||||
Other divisions of profit | (18,921) | (18,921) | 18,921 | |||||||
Drawings | (4,969) | (4,969) | ||||||||
Amount due to members | 27,894 | |||||||||
Balance at 31/03/2024 | - | - | - | 27,894 | 27,894 | |||||
AH & MM SERVICES LLP | ||||||||
TRADING AND PROFIT AND LOSS ACCOUNT | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Turnover | 136,877 | 71,037 | ||||||||
Cost of Sales: | ||||||||||
Purchases | 52,282 | 25,232 | ||||||||
52,282 | 25,232 | |||||||||
Gross Profit | ||||||||||
84,595 | 45,805 | |||||||||
Less: | ||||||||||
Distribution costs | ||||||||||
Administrative expenses | ||||||||||
65,674 | 34,902 | |||||||||
Net profit for the year before taxation | ||||||||||
Net profit for the year after taxation | ||||||||||
Retained profits carried forward | 18,921 | 10,903 | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
AH & MM SERVICES LLP | ||||||||
PROFIT AND LOSS ACCOUNT SUMMARIES | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Cost of sales - purchases: | ||||||||||
Kumon Fees | 51,540 | 24,586 | ||||||||
Snacks, Beverages & First Aid | 742 | 646 | ||||||||
52,282 | 25,232 | |||||||||
Distribution Costs: | ||||||||||
Advertising and sales promotion | 5,147 | 197 | ||||||||
Administrative Expenses: | ||||||||||
Rent | 19,720 | 10,326 | ||||||||
Office Use of Home | 1,500 | 1,500 | ||||||||
Wages - casual | 9,099 | - | ||||||||
Wages - regular | 16,695 | 12,327 | ||||||||
Training | - | 3,000 | ||||||||
Motor expenses | 4,312 | 1,523 | ||||||||
Travelling & Subsistence | 2,706 | 931 | ||||||||
Accountancy fees | 2,020 | 1,415 | ||||||||
Professional fees | - | 552 | ||||||||
Stationery & office supplies | 187 | 2,760 | ||||||||
Telephone | 2,107 | 371 | ||||||||
Subscriptions | 89 | - | ||||||||
Bank charges | 165 | - | ||||||||
Sundry expenses | 1,085 | - | ||||||||
Depreciation and Amortisation: | ||||||||||
Depreciation of equipment | 842 | - | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
AH & MM SERVICES LLP | ||||||||
13. MEMBERS' CURRENT ACCOUNTS | ||||||
MOHAMED ABDALLA MOHAMED | AMAL ABBA DAHIR HADDAD | Total | ||||
£ | £ | £ | ||||
At 01/04/2023 | 12,548 | 1,394 | 13,942 | |||
Share of profit | 17,029 | 1,892 | 18,921 | |||
29,577 | 3,286 | 32,863 | ||||
Drawings | 4,472 | 497 | 4,969 | |||
At 31/03/2024 | 25,105 | 2,789 | 27,894 |