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REGISTERED NUMBER: OC385318 (England and Wales)













Unaudited Financial Statements

for the Period

1 October 2023 to 31 March 2024

for

Armstrong Foulkes LLP

Armstrong Foulkes LLP (Registered number: OC385318)






Contents of the Financial Statements
for the Period 1 October 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Armstrong Foulkes LLP

General Information
for the Period 1 October 2023 to 31 March 2024







DESIGNATED MEMBERS: R H Armstrong
Mrs J Davies
Mrs A Holt
Miss K J Watson





REGISTERED OFFICE: Cleveland Business Centre
Watson Street
Middlesbrough
TS1 2RQ





REGISTERED NUMBER: OC385318 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Armstrong Foulkes LLP (Registered number: OC385318)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,756 23,811
19,756 23,811

CURRENT ASSETS
Debtors 6 158,534 162,954
Cash at bank and in hand 311,532 258,434
470,066 421,388
CREDITORS
Amounts falling due within one year 7 44,890 48,445
NET CURRENT ASSETS 425,176 372,943
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

444,932

396,754

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

444,932

396,754

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 444,932 396,754

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 period 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.

Armstrong Foulkes LLP (Registered number: OC385318)

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 14 August 2024 and were signed by:





R H Armstrong - Designated member

Armstrong Foulkes LLP (Registered number: OC385318)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 March 2024

1. STATUTORY INFORMATION

Armstrong Foulkes 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 £ sterling rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The LLP has changed its accounting reference period from 30 September to 31 March for administrative purposes. The comparative figures therefore shown in these financial statements are not entirely comparable as they represent 6 months trading to 31 March 2024 compared to 12 months trading to 30 September 2023.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes, adjusted for opening and closing amounts recoverable on contracts.

Revenue is recognised in accordance with FRS 102. Income is recognised when the LLP has performed the services for it's clients, and has obtained the right to consideration for those services.

Goodwill
Goodwill capitalised has arisen from the retirement of a former partner amortised on a straight line basis over its useful economic life of five years.

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.
Improvements to property - over the period of the lease
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts
Amounts recoverable on contracts is calculated based on an assessment of the fair value of the services provided at the Balance Sheet date that have yet to be billed.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 3 (2023 - 3 ) .

Armstrong Foulkes LLP (Registered number: OC385318)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 31 March 2024 150,000
AMORTISATION
At 1 October 2023
and 31 March 2024 150,000
NET BOOK VALUE
At 31 March 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 31 March 2024 6,649 9,113 75,523 91,285
DEPRECIATION
At 1 October 2023 6,642 8,868 51,964 67,474
Charge for period - 56 3,999 4,055
At 31 March 2024 6,642 8,924 55,963 71,529
NET BOOK VALUE
At 31 March 2024 7 189 19,560 19,756
At 30 September 2023 7 245 23,559 23,811

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,806 62,113
Amounts recoverable on
contracts 35,945 61,377
Prepayments 53,783 39,464
158,534 162,954

Armstrong Foulkes LLP (Registered number: OC385318)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 486 598
Social security and other taxes 851 697
VAT 37,053 40,650
Accrued expenses 6,500 6,500
44,890 48,445

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 444,932 396,754

Falling due within one year 444,932 396,754

Loans and other debts due to members rank after all unsecured creditors in the event of a winding up. No legally enforceable protection is afforded to any creditors.