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REGISTERED NUMBER: OC388747 (England and Wales)












SELL A VEND LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SELL A VEND LLP (REGISTERED NUMBER: OC388747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SELL A VEND LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: Mrs I Simpson
B Simpson
A M Simpson
R Simpson





REGISTERED OFFICE: Tower Works
Clifton Road
BLACKPOOL
Lancashire
FY4 4QA





REGISTERED NUMBER: OC388747 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

SELL A VEND LLP (REGISTERED NUMBER: OC388747)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,457 29,185
Tangible assets 5 381,941 348,272
401,398 377,457

CURRENT ASSETS
Stocks 125,854 110,340
Debtors 566,069 368,577
Cash at bank and in hand 153,630 121,024
845,553 599,941
CREDITORS
Amounts falling due within one year 393,780 351,479
NET CURRENT ASSETS 451,773 248,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,171

625,919

CREDITORS
Amounts falling due after more than
one year

84,338

87,105
NET ASSETS ATTRIBUTABLE TO
MEMBERS

768,833

538,814

SELL A VEND LLP (REGISTERED NUMBER: OC388747)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

768,833

538,814

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

768,833

538,814

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 December 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 September 2024 and were signed by:




A M Simpson - Designated member



B Simpson - Designated member


SELL A VEND LLP (REGISTERED NUMBER: OC388747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sell a Vend 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SELL A VEND LLP (REGISTERED NUMBER: OC388747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 97,281
AMORTISATION
At 1 January 2023 68,096
Amortisation for year 9,728
At 31 December 2023 77,824
NET BOOK VALUE

At 31 December 2023 19,457
At 31 December 2022 29,185

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 460,089
Additions 83,877
Disposals (68,709 )
At 31 December 2023 475,257
DEPRECIATION
At 1 January 2023 111,817
Charge for year 15,332
Eliminated on disposal (33,833 )
At 31 December 2023 93,316
NET BOOK VALUE
At 31 December 2023 381,941
At 31 December 2022 348,272

SELL A VEND LLP (REGISTERED NUMBER: OC388747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 January 2023 86,934
Additions 81,785
Disposals (68,709 )
At 31 December 2023 100,010
DEPRECIATION
At 1 January 2023 36,025
Charge for year 11,531
Eliminated on disposal (33,833 )
At 31 December 2023 13,723
NET BOOK VALUE
At 31 December 2023 86,287
At 31 December 2022 50,909

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 47,903 13,721

The hire purchase balances are secured against the assets to which they relate.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.