Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity462023-04-01falsefalsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC322760 2023-04-01 2024-03-31 OC322760 2022-04-01 2023-03-31 OC322760 2024-03-31 OC322760 2023-03-31 OC322760 c:OfficeEquipment 2023-04-01 2024-03-31 OC322760 c:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 OC322760 c:OtherPropertyPlantEquipment 2024-03-31 OC322760 c:OtherPropertyPlantEquipment 2023-03-31 OC322760 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC322760 c:CurrentFinancialInstruments 2024-03-31 OC322760 c:CurrentFinancialInstruments 2023-03-31 OC322760 c:Non-currentFinancialInstruments 2024-03-31 OC322760 c:Non-currentFinancialInstruments 2023-03-31 OC322760 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC322760 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC322760 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC322760 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC322760 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC322760 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC322760 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2024-03-31 OC322760 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-03-31 OC322760 d:FRS102 2023-04-01 2024-03-31 OC322760 d:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 OC322760 d:FullAccounts 2023-04-01 2024-03-31 OC322760 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC322760 d:PartnerLLP6 2023-04-01 2024-03-31 OC322760 2 2023-04-01 2024-03-31 OC322760 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC322760










GIBBS LAIDLER CONSULTING LLP








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
GIBBS LAIDLER CONSULTING LLP
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GIBBS LAIDLER CONSULTING LLP
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Gibbs Laidler Consulting LLP for the year ended 31 March 2024 which comprise the Statement of financial position and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the members in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gibbs Laidler Consulting LLP and state those matters that we have agreed to state to the members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gibbs Laidler Consulting LLP and its members for our work or for this report. 

It is your duty to ensure that Gibbs Laidler Consulting LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Gibbs Laidler Consulting LLP. You consider that Gibbs Laidler Consulting LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Gibbs Laidler Consulting LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hedley Dunk Limited
 
Chartered Accountants
  
Trinity House
3 Bullace Lane
Dartford
Kent
DA1 1BB
25 October 2024
Page 1

 
GIBBS LAIDLER CONSULTING LLP
REGISTERED NUMBER: OC322760

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
609
856

Current assets
  

Debtors: amounts falling due within one year
 5 
327,169
231,352

Cash at bank and in hand
 6 
297,536
219,461

  
624,705
450,813

Creditors: Amounts Falling Due Within One Year
 7 
(119,622)
(130,700)

Net current assets
  
 
 
505,083
 
 
320,113

Total assets less current liabilities
  
505,692
320,969

Creditors: amounts falling due after more than one year
 8 
(2,781)
(13,881)

  

Net assets
  
502,911
307,088


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
502,911
307,088

  

  
502,911
307,088


Total members' interests
  

Loans and other debts due to members
  
502,911
307,088

  
502,911
307,088


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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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

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

The entity has opted not to file the income statement in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 24 October 2024.



Page 2

 
GIBBS LAIDLER CONSULTING LLP
REGISTERED NUMBER: OC322760

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


J Laidler
Designated member

The notes on pages 4 to 8 form part of these financial statements.

Gibbs Laidler Consulting LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 3

 
GIBBS LAIDLER CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Gibbs Laidler Consulting LLP is a limited liability partnership incorporated and domiciled in the UK. The
address of the registered office is shown in the company information. This is different to the principal place
of business, which is 8a The Old Yard, Rectory Lane, Brasted, Westerham, Kent, TN16 1JP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the LLP has transferred the significant risks and rewards of ownership to the buyer;
the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
GIBBS LAIDLER CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

OPERATING LEASES: THE LLP AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

PENSIONS

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.8

DIVISION AND DISTRIBUTION OF PROFITS

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
GIBBS LAIDLER CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.9
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:


        2024
        2023
            No.
            No.







Administration
6
4

Page 6

 
GIBBS LAIDLER CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Other fixed assets

£



Cost or valuation


At 1 April 2023
7,767


Additions
796



At 31 March 2024

8,563



Depreciation


At 1 April 2023
6,911


Charge for the year on owned assets
1,043



At 31 March 2024

7,954



Net book value



At 31 March 2024
609



At 31 March 2023
856


5.


DEBTORS

2024
2023
£
£


Trade debtors
306,521
212,557

Prepayments and accrued income
20,648
18,795

327,169
231,352



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
297,536
219,461


Page 7

 
GIBBS LAIDLER CONSULTING LLP
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank loans
11,112
11,124

Trade creditors
8,936
1,849

Other taxation and social security
84,482
63,486

Other creditors
11,762
9,703

Accruals and deferred income
3,330
44,538

119,622
130,700



8.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,781
13,881



9.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
11,112
11,124

Amounts falling due 1-2 years

Bank loans
-
13,881

Amounts falling due 2-5 years

Bank loans
2,781
-


2,781
-


13,893
25,005



10.


PENSION COMMITMENTS

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity  in an independently administered fund. The pension cost charge represents contributions payable by the entity  to the fund and amounted to £8,855 (2023 - £7,273) . Contributions totalling £7,091 (2023 - £4,486) were payable to the fund at the reporting date and are included in creditors.


Page 8