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REGISTERED NUMBER: OC430249 (England and Wales)









REPORT OF THE MEMBERS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

WOOD AND FABRIC BEDS LLP

WOOD AND FABRIC BEDS LLP (REGISTERED NUMBER: OC430249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


WOOD AND FABRIC BEDS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DESIGNATED MEMBERS: J W Pattinson
R Ribinskas
L A Adams
M Burton
M Filippi
L D Rizzello
R Adams
M S Duque
K Szulc
M Murshed
A Bucur
M Cowan
F Kolaveri





REGISTERED OFFICE: 107 Bell Street
London
NW1 6TL





REGISTERED NUMBER: OC430249 (England and Wales)





ACCOUNTANTS: Butters Gates & Company
Chartered Accountants
107 Bell Street
London
NW1 6TL

WOOD AND FABRIC BEDS LLP (REGISTERED NUMBER: OC430249)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 5 APRIL 2024

The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

PRINCIPAL ACTIVITY
Supplying services.

DESIGNATED MEMBERS
The designated members during the year under review were:

J W Pattinson
R Ribinskas
L A Adams
M Burton
M Filippi
L D Rizzello
R Adams
M S Duque
K Szulc
M Murshed
O N Bartocci
A Bucur
M Connor
M Cowan
L M J S Green
F Kolaveri

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £384,779 (2023 - £383,491 profit).

MEMBERS' INTERESTS
Anyone admitted as a further Member after the Effective Date shall contribute such amount of Capital as is determined by the Members and that new Member acquires a share in the LLP in accordance with the amount or value of that contribution.

The Members shall share any profits or losses of a capital nature, as certified by the Accountants, in the same proportions in which they share contributions to Capital.
The LLP shall not be obliged to pay interest on the Capital unless agreed by the Members.

ON BEHALF OF THE MEMBERS:





J W Pattinson - Designated member


18 October 2024

WOOD AND FABRIC BEDS LLP (REGISTERED NUMBER: OC430249)

INCOME STATEMENT
FOR THE YEAR ENDED 5 APRIL 2024

5.4.24 5.4.23
Notes £    £   

TURNOVER 536,991 510,522

Cost of sales 145,962 125,372
GROSS PROFIT 391,029 385,150

Administrative expenses 5,616 1,659
OPERATING PROFIT 385,413 383,491


Interest payable and similar expenses 634 -
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




384,779




383,491

WOOD AND FABRIC BEDS LLP (REGISTERED NUMBER: OC430249)

BALANCE SHEET
5 APRIL 2024

5.4.24 5.4.23
Notes £    £   
CURRENT ASSETS
Debtors 5 56,656 -
Cash at bank 14,433 42,022
71,089 42,022
CREDITORS
Amounts falling due within one year 6 41,794 16,919
NET CURRENT ASSETS 29,295 25,103
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

29,295

25,103

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

29,295

25,103

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 29,295 25,103

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 5 April 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 18 October 2024 and were signed by:




R Ribinskas - Designated member




J W Pattinson - Designated member


WOOD AND FABRIC BEDS LLP (REGISTERED NUMBER: OC430249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Wood And Fabric Beds 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEE INFORMATION

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

4. INFORMATION IN RELATION TO MEMBERS

5.4.24 5.4.23

The average number of members during the year was 13 13

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 56,656 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 15,212 -
VAT 24,782 14,919
Other creditors - 200
Accrued expenses 1,800 1,800
41,794 16,919

WOOD AND FABRIC BEDS LLP (REGISTERED NUMBER: OC430249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
5.4.24 5.4.23
£    £   
Loans from members 18,100 18,100
Amounts owed to members in respect of profits 11,195 7,003
29,295 25,103

Falling due within one year 29,295 25,103

R Ribinskas has lent to the LLP the sum of £10,000 as initial working capital. Such loan is repayable on demand, unsecured, and shall not bear interest.

In the event that the loan made by R. Ribinskas remains outstanding in whole or in part upon his ceasing to be a Member, the full balance of such loan shall be paid to him on the date of cessation as a Member.