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REGISTERED NUMBER: OC386547 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

OLIVER BURNS LLP

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

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










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLIVER BURNS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DESIGNATED MEMBERS: J Burns
Miss S Lillywhite





REGISTERED OFFICE: Unit 16
Silk Mill Business Park
Brook Street
Tring
Hertfordshire
HP23 5EF





REGISTERED NUMBER: OC386547 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,812 78,522

CURRENT ASSETS
Debtors 5 65,003 222,634
Cash at bank 360,153 426,730
425,156 649,364
CREDITORS
Amounts falling due within one year 6 440,107 518,408
NET CURRENT (LIABILITIES)/ASSETS (14,951 ) 130,956
TOTAL ASSETS LESS CURRENT LIABILITIES 175,861 209,478

CREDITORS
Amounts falling due after more than one
year

7

18,334

28,334
NET ASSETS ATTRIBUTABLE TO MEMBERS 157,527 181,144

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 157,527 181,144

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 157,527 181,144

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 July 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.

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

BALANCE SHEET - continued
31 JULY 2023


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 25 September 2024 and were signed by:




Miss S Lillywhite - Designated member




J Burns - Designated member


OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

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


1. STATUTORY INFORMATION

Oliver Burns 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.

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

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

If, at the Balance Sheet date, completion of contractual obligations is dependant on external factors (and this outside the control of the Limited Liability Partnership), then revenue is recognised only when the event occurs. In such cases, costs incurred up to the Balance Sheet date are carried forward as work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 4 (2022 - 2 ) .

OLIVER BURNS LLP (REGISTERED NUMBER: OC386547)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 51,811 112,725 164,536
Additions 5,745 189,002 194,747
Disposals - (62,725 ) (62,725 )
At 31 July 2023 57,556 239,002 296,558
DEPRECIATION
At 1 August 2022 38,458 47,556 86,014
Charge for year 4,155 42,039 46,194
Eliminated on disposal - (26,462 ) (26,462 )
At 31 July 2023 42,613 63,133 105,746
NET BOOK VALUE
At 31 July 2023 14,943 175,869 190,812
At 31 July 2022 13,353 65,169 78,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,944 18,340
Other debtors 55,059 204,294
65,003 222,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 518
Trade creditors 232,669 111,095
Taxation and social security 27,422 1,206
Other creditors 180,016 405,589
440,107 518,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 18,334 28,334

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and advances other debts due to members" will rank equally with unsecured creditors.