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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BWTLAW LLP

BWTLAW LLP (Registered number: OC346168)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BWTLAW LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: S Patel
G Musgrave
Mrs L F Smith
Ms L Charles





REGISTERED OFFICE: 6 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: OC346168 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

BWTLAW LLP (Registered number: OC346168)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,955 2,871

CURRENT ASSETS
Stocks 5 66,319 63,160
Debtors 6 80,253 103,539
Cash at bank and in hand 382,268 237,835
528,840 404,534
CREDITORS
Amounts falling due within one year 7 77,453 87,207
NET CURRENT ASSETS 451,387 317,327
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

456,342

320,198

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

456,342

320,198

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 456,342 320,198

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 September 2024 and were signed by:




S Patel - Designated member



Mrs L F Smith - Designated member


BWTLAW LLP (Registered number: OC346168)

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


1. STATUTORY INFORMATION

BWTLAW LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents work completed in the period. Turnover excludes VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at variable rates on reducing balance
Fixtures and fittings - at variable rates on reducing balance

Work in progress
Work in progress relates to services in the course of completion that give rise to probable economic benefits and the value of which can be measured reliably.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 25,057 18,163 43,220
Additions 3,021 - 3,021
Disposals (3,441 ) (10,102 ) (13,543 )
At 31 March 2024 24,637 8,061 32,698
DEPRECIATION
At 1 April 2023 23,784 16,565 40,349
Charge for year 382 480 862
Eliminated on disposal (3,419 ) (10,049 ) (13,468 )
At 31 March 2024 20,747 6,996 27,743
NET BOOK VALUE
At 31 March 2024 3,890 1,065 4,955
At 31 March 2023 1,273 1,598 2,871

BWTLAW LLP (Registered number: OC346168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. STOCKS
2024 2023
£    £   
Work-in-progress 66,319 63,160

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,634 50,940
Prepayments 41,619 52,599
80,253 103,539

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,035 39,770
Trade creditors - 1,416
Social security and other taxes 4,962 3,767
VAT 25,882 29,769
Other creditors 774 920
Accrued expenses 7,800 11,565
77,453 87,207

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There is no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests.