Registered No. OC356286 (England and Wales)
ASCA TRADE LLP
Unaudited accounts
for the year ended 31 July 2024
ASCA TRADE LLP
LLP Information
for the year ended 31 July 2024
Designated members
Larisa Adamenko
Registered Number
OC356286 (England and Wales)
Registered Office
61 Bridge Street
Kington
Herefordshire
HR5 3DJ
United Kingdom
ASCA TRADE LLP
Statement of financial position
as at 31 July 2024
Intangible assets
691,103
863,879
Cash at bank and in hand
175,776
1,229
Creditors: amounts falling due within one year
(527,006)
(882,964)
Net current assets/(liabilities)
111,722
(366,191)
Net assets attributable to members
802,825
497,688
Loans and other debts due to members
355,957
-
Other reserves
446,868
497,688
Loans and other debts due to members
355,957
-
Members' other interests
446,868
497,688
For the year ending 31 July 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 3 September 2024.
Mariia Fadeeva
Designated member
Limited Liability Partnership Registration No. OC356286
ASCA TRADE LLP
Notes to the Accounts
for the year ended 31 July 2024
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members' remuneration charged as an expense in the profit and loss account.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
20% on Reducing balance
ASCA TRADE LLP is a limited liability partnership, incorporated in England and Wales, registration number OC356286. Its registered office is 61 Bridge Street, Kington, Herefordshire, HR5 3DJ, United Kingdom.
3
Intangible fixed assets
Other
Charge for the year
172,776
ASCA TRADE LLP
Notes to the Accounts
for the year ended 31 July 2024
4
Creditors: amounts falling due within one year
2024
2023
Other creditors
466,515
882,964
5
Loans and other debts due to members
2024
2023
Members' capital classified as a liability
355,957
-
Amounts falling due within one year
355,957
-
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).