Company registration number 11104420 (England and Wales)
Partip Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Partip Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Partip Ltd
Statement Of Financial Position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,607
36,319
Current assets
Stocks
1,500
1,800
Debtors
21,181
9,969
Cash at bank and in hand
10,022
14,827
32,703
26,596
Creditors: amounts falling due within one year
(41,445)
(27,916)
Net current liabilities
(8,742)
(1,320)
Total assets less current liabilities
19,865
34,999
Creditors: amounts falling due after more than one year
(25,984)
(27,192)
Net (liabilities)/assets
(6,119)
7,807
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(6,219)
7,707
Total equity
(6,119)
7,807
Partip Ltd
Statement Of Financial Position (continued)
as at 31 December 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
B Marshall
Director
Company registration number 11104420 (England and Wales)
Partip Ltd
Notes to the financial statements
for the year ended 31 December 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
16
15
Partip Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 January 2023
39,096
17,075
56,171
Additions
637
-
0
637
At 31 December 2023
39,733
17,075
56,808
Depreciation and impairment
At 1 January 2023
13,196
6,656
19,852
Depreciation charged in the year
5,251
3,098
8,349
At 31 December 2023
18,447
9,754
28,201
Carrying amount
At 31 December 2023
21,286
7,321
28,607
At 31 December 2022
25,900
10,419
36,319
4
Company information

Partip Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Two Brewers, Queens Drive, Ossett, West Yorkshire, WF5 0NH.

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