REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
BOTTY LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
BOTTY LLP |
BOTTY LLP (Registered number: OC366921) |
Contents of the Financial Statements |
for the year ended 5 April 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Statement of Comprehensive Income | 3 |
Balance Sheet | 4 |
Reconciliation of Members' Interests | 5 |
Notes to the Financial Statements | 7 |
BOTTY LLP |
General Information |
for the year ended 5 April 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BOTTY LLP (Registered number: OC366921) |
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 |
The principal activity of the LLP in the year under review was that of equipment rental and the provision of transport services. |
DESIGNATED MEMBERS |
The designated members during the year under review were: |
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £35,210 (2023 - £53,886 profit). |
MEMBERS' INTERESTS |
Members subscriptions in the period amounted to £nil (2023: £nil). Members are entitled to an equal distribution of profits or share of losses. |
Members drawings in the period amounted to £338,174 (2023: £145,887). |
Total members interests at the end of the year amounted to £607,096 (2023: £910,060). |
All members interests are shown as loans although the members have undertaken that drawings from the loan account will only be made as and when the financial position of the LLP permits. |
ON BEHALF OF THE MEMBERS: |
BOTTY LLP (Registered number: OC366921) |
Statement of Comprehensive |
Income |
for the year ended 5 April 2024 |
2024 | 2023 |
£ | £ |
TURNOVER |
Cost of sales | ( |
) | ( |
) |
GROSS PROFIT |
Administrative expenses | ( |
) | ( |
) |
OPERATING PROFIT |
Interest receivable and similar income |
PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
BOTTY LLP (Registered number: OC366921) |
Balance Sheet |
5 April 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
607,096 |
910,060 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
9 |
607,096 |
910,060 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 607,096 | 910,060 |
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 were approved by the members of the LLP and authorised for issue on |
BOTTY LLP (Registered number: OC366921) |
Reconciliation of Members' Interests |
for the year ended 5 April 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 910,060 |
Amount due from members | - |
Balance at 6 April 2023 | - | 910,060 | 910,060 |
Profit for the financial year available for discretionary division among members |
35,210 |
- |
35,210 |
Members' interests after profit for the year |
35,210 |
910,060 |
945,270 |
Other divisions of profit | (35,210 | ) | 35,210 | - |
Drawings on account and distributions of profit |
- |
(338,174 |
) |
(338,174 |
) |
Amount due to members | 607,096 |
Amount due from members | - |
Balance at 5 April 2024 | - | 607,096 | 607,096 |
BOTTY LLP (Registered number: OC366921) |
Reconciliation of Members' Interests |
for the year ended 5 April 2024 |
EQUITY | DEBT | TOTAL |
Members' | Loans and other debts due to | MEMBERS' |
other | members less any amounts due | INTERESTS |
interests | from members in debtors |
Other | Other |
reserves | amounts | Total |
£ | £ | £ |
Amount due to members | 1,002,061 |
Amount due from members | - |
Balance at 6 April 2022 | - | 1,002,061 | 1,002,061 |
Profit for the financial year available for discretionary division among members |
53,886 |
- |
53,886 |
Members' interests after profit for the year |
53,886 |
1,002,061 |
1,055,947 |
Other divisions of profit | (53,886 | ) | 53,886 | - |
Drawings on account and distributions of profit |
- |
(145,887 |
) |
(145,887 |
) |
Amount due to members | 910,060 |
Amount due from members | - |
Balance at 5 April 2023 | - | 910,060 | 910,060 |
BOTTY LLP (Registered number: OC366921) |
Notes to the Financial Statements - continued |
for the year ended 5 April 2024 |
1. | STATUTORY INFORMATION |
BOTTY LLP ('The LLP') principal activity during the year under review was that of equipment rental and the |
provision of transport services. |
The LLP (registered number OC366921) is incorporated in England and Wales and its registered office address is at Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. |
The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Summary of significant accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented, unless otherwise stated. |
Basis of preparation |
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006. |
Going concern |
No material uncertainties that may cast doubt about the ability of the LLP to continue as a going concern have been identified by the members. |
The members consider it appropriate to prepare the financial statements on the going concern basis. |
Revenue recognition |
Turnover represents net invoiced sales of goods and rentals receivable from the hiring out of equipment and sales income. Sale of goods and services are recognised when the goods are despatched or the service is provided. Equipment rentals and similar types of income are recognised in the period to which they relate. Income from rental agreements are recognised on a straight line basis over the period of the lease. |
Tangible fixed assets |
Rental equipment | - |
Motor vehicles | - |
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. |
Rental equipment |
Assets purchased for renting out under operating leases are separately disclosed within fixed assets. Income from operating lease rentals is included in turnover (see above). |
4. | EMPLOYEE INFORMATION |
The average number of employees during the year was |
BOTTY LLP (Registered number: OC366921) |
Notes to the Financial Statements - continued |
for the year ended 5 April 2024 |
5. | TANGIBLE FIXED ASSETS |
Rental | Motor |
equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 6 April 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 5 April 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | LEASING AGREEMENTS |
Minimum lease payments receivable fall due as follows: |
Non-cancellable operating |
leases |
2024 | 2023 |
£ | £ |
Within one year | 49,470 | 74,792 |
Between one and five years | - | 49,470 |
Due after five years | - | - |
49,470 | 12,262 |
BOTTY LLP (Registered number: OC366921) |
Notes to the Financial Statements - continued |
for the year ended 5 April 2024 |
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
All members interests are shown as loans although the members have undertaken that drawings from the loan account will only be made as and when the financial position of the LLP permits. |
10. | RELATED PARTY DISCLOSURES |
Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows: |
Entities over which the members have control: |
2024 | 2023 |
£ | £ |
Sales | 245,124 | 448.953 |
Purchases | 10,852 | 12,333 |
Interest receivable | 11,810 | 5,721 |
Amounts owed by entities | - | 386,907 |
Amounts owed to entities | 78,100 | 2,782 |