Piatti Agencies LLP OC304233 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Furniture importers Digita Accounts Production Advanced 6.30.9574.0 true OC304233 2023-02-01 2024-01-31 OC304233 2024-01-31 OC304233 core:CurrentFinancialInstruments 2024-01-31 OC304233 core:WithinOneYear 2024-01-31 OC304233 core:MotorVehicles 2024-01-31 OC304233 core:OfficeEquipment 2024-01-31 OC304233 bus:SmallEntities 2023-02-01 2024-01-31 OC304233 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 OC304233 bus:FilletedAccounts 2023-02-01 2024-01-31 OC304233 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 OC304233 bus:RegisteredOffice 2023-02-01 2024-01-31 OC304233 bus:PartnerLLP1 2023-02-01 2024-01-31 OC304233 bus:PartnerLLP2 2023-02-01 2024-01-31 OC304233 bus:LimitedLiabilityPartnershipLLP 2023-02-01 2024-01-31 OC304233 core:MotorVehicles 2023-02-01 2024-01-31 OC304233 core:OfficeEquipment 2023-02-01 2024-01-31 OC304233 countries:AllCountries 2023-02-01 2024-01-31 OC304233 2023-01-31 OC304233 core:MotorVehicles 2023-01-31 OC304233 core:OfficeEquipment 2023-01-31 OC304233 2022-02-01 2023-01-31 OC304233 2023-01-31 OC304233 core:CurrentFinancialInstruments 2023-01-31 OC304233 core:WithinOneYear 2023-01-31 OC304233 core:MotorVehicles 2023-01-31 OC304233 core:OfficeEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: OC304233

Piatti Agencies LLP

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Piatti Agencies LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Notes to the Financial Statements

4

 

Piatti Agencies LLP

Limited liability partnership information

Designated members

Mrs Christina Louisa Piatti

Mr Sandro Piatti
 

Registered office

Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

Accountants

Farrar Smith
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

 

Piatti Agencies LLP

(Registration number: OC304233)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

27,887

21,606

Current assets

 

Stocks

4

1,056

3,542

Debtors

5

22,061

37,029

Cash and short-term deposits

 

50,550

33,412

 

73,667

73,983

Creditors: Amounts falling due within one year

6

(12,253)

(6,124)

Net current assets

 

61,414

67,859

Net assets attributable to members

 

89,301

89,465

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

89,301

89,465

   

89,301

89,465

Total members' interests

 

Loans and other debts due to members

 

89,301

89,465

   

89,301

89,465

For the year ending 31 January 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

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

The financial statements of Piatti Agencies LLP (registered number OC304233) were approved by the Board and authorised for issue on 4 October 2024. They were signed on behalf of the limited liability partnership by:

 

Piatti Agencies LLP

(Registration number: OC304233)
Balance Sheet as at 31 January 2024

.........................................
Mr Sandro Piatti
Designated member

 

Piatti Agencies LLP

Notes to the Financial Statements for the Year Ended 31 January 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention.

The functional currency of Piatti Agencies LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing Balance

Office Equipment

33% Straight Line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 2 (2023 - 2).

 

Piatti Agencies LLP

Notes to the Financial Statements for the Year Ended 31 January 2024

3

Tangible fixed assets

Motor vehicles
 £

Office equipment
 £

Total
£

Cost

At 1 February 2023

45,017

1,558

46,575

Additions

15,500

1,067

16,567

Disposals

(8,250)

(1,558)

(9,808)

At 31 January 2024

52,267

1,067

53,334

Depreciation

At 1 February 2023

23,411

1,558

24,969

Charge for the year

9,258

357

9,615

Eliminated on disposals

(7,579)

(1,558)

(9,137)

At 31 January 2024

25,090

357

25,447

Net book value

At 31 January 2024

27,177

710

27,887

At 31 January 2023

21,606

-

21,606

4

Stocks

2024
£

2023
£

Stocks

1,056

3,542

5

Debtors

2024
£

2023
£

Trade debtors

8,661

29,582

Other debtors

5,428

2,158

Prepayments and accrued income

7,972

5,289

Total current trade and other debtors

22,061

37,029

6

Creditors: Amounts falling due within one year

2024
£

2023
£

Trade creditors

4,744

1,251

Other creditors

913

692

Accruals and deferred income

6,596

4,181

12,253

6,124

7

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.