General Information
Eco Organic Catering LLP is a limited liability partnership, registered in England and Wales, registration number OC323451, registration address Unit 6 12 13 14, Felthambrook Ind Estate Felthambrook Way, Feltham, Middlesex, TW13 7DU.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The members believe that the LLP is experiencing good levels of sales and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Income is recognised once the order has been despatched.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the Proprietors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over 3 years during which the company is expected to benefit.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Motor vehicles - 20% on cost Computer equipment - 33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
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 impairment.
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 costs using the effective interest method.
|
2. |
Average number of employees
Average number of employees during the year was 2 (2023 : 2).
|
3. |
Intangible fixed assets
Cost |
Research and Development |
|
Goodwill |
|
Total |
|
£ |
|
£ |
|
£ |
At 01 April 2023 |
56,700 |
|
27,220 |
|
83,920 |
Additions |
- |
|
- |
|
- |
Disposals |
(56,700) |
|
- |
|
(56,700) |
At 31 March 2024 |
- |
|
27,220 |
|
27,220 |
Amortisation |
At 01 April 2023 |
56,700 |
|
27,220 |
|
83,920 |
Charge for year |
- |
|
- |
|
- |
On disposals |
(56,700) |
|
- |
|
(56,700) |
At 31 March 2024 |
- |
|
27,220 |
|
27,220 |
Net book values |
At 31 March 2024 |
- |
|
- |
|
- |
At 31 March 2023 |
- |
|
- |
|
- |
|
4. |
Tangible fixed assets
Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
At 01 April 2023 |
2,279 |
|
42,234 |
|
800 |
|
6,206 |
|
51,519 |
Additions |
- |
|
- |
|
- |
|
- |
|
- |
Disposals |
(2,279) |
|
(42,234) |
|
(800) |
|
(6,206) |
|
(51,519) |
At 31 March 2024 |
- |
|
- |
|
- |
|
- |
|
- |
Depreciation |
At 01 April 2023 |
1,470 |
|
42,234 |
|
772 |
|
6,206 |
|
50,682 |
Charge for year |
162 |
|
- |
|
5 |
|
- |
|
167 |
On disposals |
(1,632) |
|
(42,234) |
|
(777) |
|
(6,206) |
|
(50,849) |
At 31 March 2024 |
- |
|
- |
|
- |
|
- |
|
- |
Net book values |
Closing balance as at 31 March 2024 |
- |
|
- |
|
- |
|
- |
|
- |
Opening balance as at 01 April 2023 |
809 |
|
- |
|
28 |
|
- |
|
837 |
|
5. |
Stocks
|
2024 £ |
|
2023 £ |
Stocks |
0 |
|
9,450 |
|
0 |
|
9,450 |
|
6. |
Debtors: amounts falling due within one year
|
2024 £ |
|
2023 £ |
Trade Debtors |
0 |
|
15,517 |
Other Debtors |
242,583 |
|
943,761 |
VAT |
8,288 |
|
19,886 |
|
250,871 |
|
979,164 |
|
7. |
Creditors: amount falling due within one year
|
2024 £ |
|
2023 £ |
Trade Creditors |
0 |
|
131,670 |
Accrued Expenses |
251,093 |
|
824,288 |
Other Creditors |
0 |
|
23,727 |
|
251,093 |
|
979,685 |
|
8. |
Members' Interests
|
Other reserves |
|
Loans and other debts due to members less any amounts due from members included in debtors |
|
Total |
|
Balance at 01 April 2023 |
0 |
|
15,381 |
|
15,381 |
Profit for the period available for discretionary division among members |
(15,089) |
|
0 |
|
(15,089) |
Members' interests after profit for the period |
(15,089) |
|
15,381 |
|
292 |
Balance at 31 March 2024 |
(15,089) |
|
15,381 |
|
292 |
|
|
9. |
Loans and Other Debts Due to Members
In the event of a winding up loans and other debts due to members would rank "pari passu" with other unsecured creditors.
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2
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