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REGISTERED NUMBER: OC357001 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Stanley Joseph SBS LLP

Stanley Joseph SBS LLP (Registered number: OC357001)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Stanley Joseph SBS LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: R Egerton
P S Helps





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: OC357001 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Stanley Joseph SBS LLP (Registered number: OC357001)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,220 142,931

CURRENT ASSETS
Debtors 5 7,063 7,739
Cash at bank 5,163 5,469
12,226 13,208
CREDITORS
Amounts falling due within one year 6 108,430 112,222
NET CURRENT LIABILITIES (96,204 ) (99,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,016

43,917

CREDITORS
Amounts falling due after more than one
year

7

24,854

43,736
NET ASSETS ATTRIBUTABLE TO
MEMBERS

162

181

Stanley Joseph SBS LLP (Registered number: OC357001)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

162

181

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 162 181
Amounts due from members 5 (3,849 ) (5,814 )
(3,687 ) (5,633 )

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 31 March 2024.

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.

Stanley Joseph SBS LLP (Registered number: OC357001)

Balance Sheet - continued
31 March 2024


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 28 August 2024 and were signed by:




R Egerton - Designated member




P S Helps - Designated member


Stanley Joseph SBS LLP (Registered number: OC357001)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

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.

Changes in accounting policies
During the year the members changed the accounting policy for depreciation for motor vehicles to 5% reducing balance allowing for the residual values of the vehicles, given the current values of used vehicles.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 5% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

Stanley Joseph SBS LLP (Registered number: OC357001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 187,705
Disposals (18,000 )
At 31 March 2024 169,705
DEPRECIATION
At 1 April 2023 44,774
Charge for year 5,061
Eliminated on disposal (1,350 )
At 31 March 2024 48,485
NET BOOK VALUE
At 31 March 2024 121,220
At 31 March 2023 142,931

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 169,705
DEPRECIATION
At 1 April 2023 43,874
Charge for year 4,611
At 31 March 2024 48,485
NET BOOK VALUE
At 31 March 2024 121,220
At 31 March 2023 125,831

Stanley Joseph SBS LLP (Registered number: OC357001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,214 1,513
Other debtors 3,849 6,226
7,063 7,739

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 15,094 21,936
Payments on account 3,938 3,420
Trade creditors 1,033 1,312
Other creditors 88,365 85,554
108,430 112,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 24,854 43,736