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Registered number: OC397435
DEPENDABLE CARE LLP
Financial Statements
For The Year Ended 31 January 2024
OLLERENSHAWS FINANCIAL ACCOUNTANTS
4, GREYSBROOK
SHENSTONE
LICHFIELD
STAFFORDSHIRE
WS14 0LU
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC397435
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,109 32,789
43,109 32,789
CURRENT ASSETS
Debtors 5 55,254 58,516
Cash at bank and in hand 221 216
55,475 58,732
Creditors: Amounts Falling Due Within One Year 6 (28,887 ) (15,030 )
NET CURRENT ASSETS (LIABILITIES) 26,588 43,702
TOTAL ASSETS LESS CURRENT LIABILITIES 69,697 76,491
Creditors: Amounts Falling Due After More Than One Year 7 (37,481 ) (29,117 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 32,216 47,374
REPRESENTED BY:
Opening Balance
Other amounts 47,375 5,489
47,375 5,489
Equity
( Loss ) profit for the year less net drawings
Members' net capital introduced 1,240 14,238
Loss for the year (16,399) 27,647
(15,159) 41,885
32,216 47,374
TOTAL MEMBERS' INTEREST
Opening Balance 47,375 5,489
( Loss ) profit for the year less net drawings (15,159) 41,885
32,216 47,374
Page 1
Page 2
For the year ending 31 January 2024 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Miss EMMA WELCOME
Designated Member
12/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DEPENDABLE CARE LLP is a limited liability partnership, incorporated in England & Wales, registered number OC397435 . The Registered Office is 204, HALESOWEN ROAD, OLD HILL, CRADELEY HEATH, WEST MIDLANDS, B64 6HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing balance
Computer Equipment 20% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2023: 37)
37 37
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 34,955 4,608 39,563
Additions 31,363 - 31,363
Disposals (9,100 ) - (9,100 )
As at 31 January 2024 57,218 4,608 61,826
Depreciation
As at 1 February 2023 4,430 2,344 6,774
Provided during the period 13,766 452 14,218
Disposals (2,275 ) - (2,275 )
As at 31 January 2024 15,921 2,796 18,717
Net Book Value
As at 31 January 2024 41,297 1,812 43,109
As at 1 February 2023 30,525 2,264 32,789
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,884 55,516
Prepayments and accrued income 1,200 3,000
Other debtors 3,170 -
55,254 58,516
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,175 5,553
Bank loans and overdrafts 4,254 4,397
Other taxes and social security 11,058 2,880
Accruals and deferred income 2,400 2,200
28,887 15,030
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,729 19,776
Bank loans 4,752 9,341
37,481 29,117
Page 4
Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,175 5,553
Later than one year and not later than five years 32,729 19,776
43,904 25,329
43,904 25,329
Page 5