Registered No. OC446743 (England and Wales)
Moretone Fitness LLP
Unaudited accounts
for the period from 6 April 2023 to 31 March 2024
Moretone Fitness LLP
LLP Information
for the period from 6 April 2023 to 31 March 2024
Designated members
Mrs Charlotte Louise Moreton
Registered Number
OC446743 (England and Wales)
Registered Office
28 Bramham Avenue
York
North Yorkshire
YO26 5BE
England
Accountants
Tarrens Accountants Limited
11 Wheatsheaf Close
Ripon
HG4 2SH
Moretone Fitness LLP
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
358
Creditors: amounts falling due within one year
(833)
Net assets attributable to members
11,589
Members' other interests
11,589
For the period ending 31 March 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 24 October 2024.
Mr Jason Moreton
Designated member
Limited Liability Partnership Registration No. OC446743
Moretone Fitness LLP
Notes to the Accounts
for the period from 6 April 2023 to 31 March 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Moretone Fitness LLP is a limited liability partnership, incorporated in England and Wales, registration number OC446743. Its registered office is 28 Bramham Avenue, York, North Yorkshire, YO26 5BE, England.
Moretone Fitness LLP
Notes to the Accounts
for the period from 6 April 2023 to 31 March 2024
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
Additions
1,020
5,000
6,728
12,748
At 31 March 2024
1,020
5,000
6,728
12,748
Charge for the period
281
1,345
1,346
2,972
At 31 March 2024
281
1,345
1,346
2,972
At 31 March 2024
739
3,655
5,382
9,776
4
Creditors: amounts falling due within one year
2024
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 period the average number of employees was 0.