Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2023-04-01false00false OC301844 2023-04-01 2024-03-31 OC301844 2022-04-01 2023-03-31 OC301844 2024-03-31 OC301844 2023-03-31 OC301844 c:MotorVehicles 2023-04-01 2024-03-31 OC301844 c:MotorVehicles 2024-03-31 OC301844 c:MotorVehicles 2023-03-31 OC301844 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC301844 c:FurnitureFittings 2023-04-01 2024-03-31 OC301844 c:FurnitureFittings 2024-03-31 OC301844 c:FurnitureFittings 2023-03-31 OC301844 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC301844 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC301844 c:CurrentFinancialInstruments 2024-03-31 OC301844 c:CurrentFinancialInstruments 2023-03-31 OC301844 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC301844 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC301844 d:FRS102 2023-04-01 2024-03-31 OC301844 d:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC301844 d:FullAccounts 2023-04-01 2024-03-31 OC301844 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC301844 d:PartnerLLP1 2023-04-01 2024-03-31 OC301844 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC301844 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC301844 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC301844 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC301844 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC301844









T&J FRAGRANCES LLP







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
T&J FRAGRANCES LLP
 
 
  
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF T&J FRAGRANCES LLP
FOR THE YEAR ENDED 31 MARCH 2024

You consider that the LLP is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the LLP keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the LLP and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the financial statements on pages 8 from the accounting records of the LLP and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.

  



Eclipse Consultancy Limited
 
The Courtyard
14A Sydenham Road
Croydon
CR0 2EE
30 August 2024
Page 1

 
T&J FRAGRANCES LLP
REGISTERED NUMBER: OC301844

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,518
-

  
21,518
-

Current assets
  

Stocks
  
79,000
64,000

Debtors: amounts falling due within one year
 5 
114,555
30,407

Cash at bank and in hand
 6 
40,975
66,417

  
234,530
160,824

Creditors: Amounts Falling Due Within One Year
 7 
(91,580)
(41,904)

Net current assets
  
 
 
142,950
 
 
118,920

Total assets less current liabilities
  
164,468
118,920

  

Net assets
  
164,468
118,920


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
(22,349)
(22,349)

Other reserves classified as equity
  
186,817
141,269

  
 
164,468
 
118,920

  
164,468
118,920


Total members' interests
  

Members' other interests
  
164,468
118,920

  
164,468
118,920


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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
Page 2

 
T&J FRAGRANCES LLP
REGISTERED NUMBER: OC301844
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 30 August 2024.




................................................
Tejas Patel
Designated member

The notes on pages 5 to 8 form part of these financial statements.

T&J Fragrances LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 3

 
T&J FRAGRANCES LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024





EQUITY
Members' other interests
Members' capital (classified as equity)
Other reserves
Total

£
£
£

Profit for the year available for discretionary division among members
 
-
115,200
115,200

Members' interests after profit for the year
(22,349)
256,469
234,120

Movement in reserves
-
(69,652)
(69,652)

Balance at 31 March 2024 
(22,349)
186,817
164,468

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 4

 
T&J FRAGRANCES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

T & J Fragrances LLP is a limited liability partnership incorporated in England. Its registered 
office is:1 Hadley Wood Rise Kenley,CR8 5L and registered company number is : OC301844

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

Page 5

 
T&J FRAGRANCES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
SLM
Fixtures and fittings
-
25%
SLM

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
T&J FRAGRANCES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The entity has no employees.

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
45,992
3,493
49,485


Additions
25,500
-
25,500


Disposals
(20,180)
-
(20,180)



At 31 March 2024

51,312
3,493
54,805



Depreciation


At 1 April 2023
45,992
3,493
49,485


Charge for the year on owned assets
3,982
-
3,982


Disposals
(20,180)
-
(20,180)



At 31 March 2024

29,794
3,493
33,287



Net book value



At 31 March 2024
21,518
-
21,518



At 31 March 2023
-
-
-


5.


Debtors

2024
2023
£
£


Trade debtors
114,555
30,407

114,555
30,407


Page 7

 
T&J FRAGRANCES LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
40,975
66,417

40,975
66,417



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
87,258
34,971

Other taxation and social security
3,322
4,018

Other creditors
-
790

Accruals and deferred income
1,000
2,125

91,580
41,904


 
Page 8