Registered No. OC350340 (England and Wales)
Norvett Electronics (UK) LLP
Unaudited accounts
for the year ended 31 March 2024
Norvett Electronics (UK) LLP
LLP Information
for the year ended 31 March 2024
Designated members
Mrs Caroline Norman
Registered Number
OC350340 (England and Wales)
Registered Office
1 North Street
Alfriston
Polegate
East Sussex
BN26 5UG
Accountants
Maiden Accountancy Services
95 Seaside Road
Eastbourne
East Sussex
BN21 3PL
Norvett Electronics (UK) LLP
Statement of financial position
as at 31 March 2024
Tangible assets
19,618
23,325
Cash at bank and in hand
19,895
45,298
Creditors: amounts falling due within one year
(72,929)
(139,966)
Net current liabilities
(1,882)
(5,211)
Net assets attributable to members
17,736
18,114
Members' capital classified as equity
17,736
18,115
Members' other interests
17,736
18,114
For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 9 August 2024.
Mr Mark Norman
Designated member
Limited Liability Partnership Registration No. OC350340
Norvett Electronics (UK) LLP
Notes to the Accounts
for the year ended 31 March 2024
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
30% reducing balance
Norvett Electronics (UK) LLP is a limited liability partnership, incorporated in England and Wales, registration number OC350340. Its registered office is 1 North Street, Alfriston, Polegate, East Sussex, BN26 5UG.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
15,894
59,148
75,042
Disposals
(859)
(5,247)
(6,106)
At 31 March 2024
15,035
53,901
68,936
At 1 April 2023
13,610
38,107
51,717
Charge for the year
995
3,924
4,919
On disposals
(2,165)
(5,153)
(7,318)
At 31 March 2024
12,440
36,878
49,318
At 31 March 2024
2,595
17,023
19,618
At 31 March 2023
2,284
21,041
23,325
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,722
74,151
Trade creditors
29,522
62,033
Taxes and social security costs
5,885
382
Other creditors
2,800
3,400
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Norvett Electronics (UK) LLP
Notes to the Accounts
for the year ended 31 March 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).