REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 October 2023 to 31 March 2024 |
for |
Armstrong Foulkes LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
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 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 |
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 |
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 |
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 |
Improvements to property | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
AMORTISATION |
At 1 October 2023 |
and 31 March 2024 |
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 |
DEPRECIATION |
At 1 October 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 September 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts recoverable on |
contracts | 35,945 | 61,377 |
Prepayments |
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 |
Social security and other taxes |
VAT | 37,053 | 40,650 |
Accrued expenses |
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. |