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Registration number: OC355615

Comber Services LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Comber Services LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 7

Balance Sheet

2

Notes to the Financial Statements

4

 

Comber Services LLP

Limited liability partnership information

Designated members

Mr C R H Comber

Members

Hayman-Joyce Broadway Limited

Registered office

Midway House
Staverton Technology Park
Herrick Way
CHELTENHAM
Gloucestershire
GL51 6TQ

Principal place of business

28 High Street
BROADWAY
Worcestershire
WR12 7DT

Accountants

Harbour Key Limited
Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ

 

Comber Services LLP

(Registration number: OC355615)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

57,402

Current assets

 

Debtors

5

-

77,482

Cash and short-term deposits

 

487

127,992

 

487

205,474

Creditors: Amounts falling due within one year

6

(487)

(37,718)

Net current assets

 

-

167,756

Net assets attributable to members

 

-

225,158

Represented by:

 

Members’ other interests

 

Members' capital classified as equity

 

(183,049)

290,659

Other reserves

 

183,049

(65,501)

 

-

225,158

   

-

225,158

Total members' interests

 

Equity

 

-

225,158

   

-

225,158

For the year ending 30 April 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.

 

Comber Services LLP

(Registration number: OC355615)
Balance Sheet as at 30 April 2024

The financial statements of Comber Services LLP (registered number OC355615) were approved by the Board and authorised for issue on 21 August 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr C R H Comber
Designated member

 

Comber Services LLP

Notes to the Financial Statements for the Year Ended 30 April 2024

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 Comber Services 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.

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.

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 charges 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.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

 

Comber Services LLP

Notes to the Financial Statements for the Year Ended 30 April 2024

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

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

Asset class

Amortisation method and rate

Goodwill

10 years straight line basis

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

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

Fixtures, fittings, motor vehicles and computer equipment

25% reducing balance

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.

Pensions and other post retirement obligations

The partnership operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

Comber Services LLP

Notes to the Financial Statements for the Year Ended 30 April 2024

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 8 (2023 - 12).

3

Intangible fixed assets

Goodwill
£

Total
£

Cost

At 1 May 2023

442,470

442,470

Disposals

(442,470)

(442,470)

At 30 April 2024

-

-

Amortisation

At 1 May 2023

442,470

442,470

Eliminated on disposals

(442,470)

(442,470)

At 30 April 2024

-

-

Net book value

At 30 April 2024

-

-

At 30 April 2023

-

-

 

Comber Services LLP

Notes to the Financial Statements for the Year Ended 30 April 2024

4

Tangible fixed assets

Fixtures and fittings
 £

Motor vehicles
 £

Office equipment
 £

Total
£

Cost

At 1 May 2023

12,186

54,970

33,771

100,927

Additions

-

-

2,355

2,355

Disposals

(12,186)

(54,970)

(36,126)

(103,282)

At 30 April 2024

-

-

-

-

Depreciation

At 1 May 2023

10,423

8,017

25,085

43,525

Charge for the year

294

7,826

1,654

9,774

Eliminated on disposals

(10,717)

(15,843)

(26,739)

(53,299)

At 30 April 2024

-

-

-

-

Net book value

At 30 April 2024

-

-

-

-

At 30 April 2023

1,763

46,953

8,686

57,402

5

Debtors

2024
£

2023
£

Trade debtors

-

67,308

Prepayments and accrued income

-

10,174

Total current trade and other debtors

-

77,482

6

Creditors: Amounts falling due within one year

2024
£

2023
£

Trade creditors

-

11,985

Other creditors

-

1,048

Accruals and deferred income

487

2,200

Taxation and social security

-

22,485

487

37,718