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REGISTERED NUMBER: OC338206 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Guilfoyle Sage LLP

Guilfoyle Sage LLP (Registered number: OC338206)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Guilfoyle Sage LLP

General Information
for the Year Ended 30 June 2023







DESIGNATED MEMBERS: D L Evans
M A Gwillim





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: OC338206 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Guilfoyle Sage LLP (Registered number: OC338206)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Stocks 90,530 72,300
Debtors 4 810,653 774,350
Cash at bank - 61,695
901,183 908,345
CREDITORS
Amounts falling due within one year 5 692,328 713,301
NET CURRENT ASSETS 208,855 195,044
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

208,855

195,044

LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

208,855

195,044

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 208,855 195,044

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Guilfoyle Sage LLP (Registered number: OC338206)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 August 2024 and were signed by:





D L Evans - Designated member

Guilfoyle Sage LLP (Registered number: OC338206)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Guilfoyle Sage LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net value of services provided, excluding value added tax.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2022 - 14 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 810,653 774,350

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 65,215 40,239
Taxation and social security 297,450 338,325
Other creditors 329,663 334,737
692,328 713,301

Guilfoyle Sage LLP (Registered number: OC338206)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank overdrafts 65,215 40,239

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts due to members would rank equally with amounts due to other unsecured creditors in the event of a winding up.

No special protection is afforded to unsecured creditors.