1 April 2023 false No description of principal activity Taxfiler 2024.6 SO303184business:LimitedLiabilityPartnershipLLP2023-04-012024-03-31 SO3031842023-03-31 SO3031842023-04-012024-03-31 SO303184business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 SO303184business:FullAccounts2023-04-012024-03-31 SO3031842024-03-31 SO303184business:PartnerLLP12023-04-012024-03-31 SO303184business:PartnerLLP22023-04-012024-03-31 SO303184business:RegisteredOffice2023-04-012024-03-31 SO3031842023-03-31 SO303184core:WithinOneYear2024-03-31 SO303184core:WithinOneYear2023-03-31 SO303184core:ShareCapital2024-03-31 SO303184core:ShareCapital2023-03-31 SO303184business:SmallEntities2023-04-012024-03-31 SO303184core:PlantMachinery2023-04-012024-03-31 SO303184core:MotorVehicles2023-04-012024-03-31 SO303184core:FurnitureFittings2023-04-012024-03-31 SO303184core:ComputerEquipment2023-04-012024-03-31 SO303184countries:Scotland2023-04-012024-03-31 SO303184core:Goodwill2023-03-31 SO303184core:Goodwill2024-03-31 SO303184core:PlantMachinery2023-03-31 SO303184core:MotorVehicles2023-03-31 SO303184core:FurnitureFittings2023-03-31 SO303184core:ComputerEquipment2023-03-31 SO303184core:PlantMachinery2024-03-31 SO303184core:MotorVehicles2024-03-31 SO303184core:FurnitureFittings2024-03-31 SO303184core:ComputerEquipment2024-03-31 SO3031842022-04-012023-03-31 iso4217:GBP xbrli:pure
Registered No. SO303184 (Scotland)
Fife Wholesale Butchers LLP Unaudited accounts for the year ended 31 March 2024
Fife Wholesale Butchers LLP LLP Information for the year ended 31 March 2024
Designated members
Mrs Amanda Youell
Mr Barry Youell
Registered Number
SO303184 (Scotland)
Registered Office
The Old Manse Viewforth Street Kirkcaldy KY1 3DJ United Kingdom
Accountants
Edenfyfe Accounts Limited H5 Newark Road South Glenrothes Fife KY7 4NS
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Fife Wholesale Butchers LLP Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,930 
9,323 
Current assets
Inventories
22,379 
20,381 
Debtors
144,116 
148,179 
Cash at bank and in hand
15,439 
1,995 
181,934 
170,555 
Creditors: amounts falling due within one year
(40,856)
(46,911)
Net current assets
141,078 
123,644 
Net assets attributable to members
150,008 
132,967 
Represented by:
Loans and other debts due to members
100,008 
82,967 
Members' other interests
Members' capital classified as equity
50,000 
50,000 
150,008 
132,967 
Total members' interests
Loans and other debts due to members
100,008 
82,967 
Members' other interests
50,000 
50,000 
150,008 
132,967 
For the year 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 25 September 2024.
Mr Barry Youell Designated member Limited Liability Partnership Registration No. SO303184
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Fife Wholesale Butchers LLP Notes to the Accounts for the year ended 31 March 2024
1
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery
20% on cost
Motor vehicles
25% on cost
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value , after making due allowance for obsolete and slow moving items.
Pension costs and other post-retirement benefits
The LLP operates a defined contribution scheme. Contributions payable to the LLP's pension scheme re charged to profit or loss in the period to which relate.
2
Statutory information
Fife Wholesale Butchers LLP is a limited liability partnership, incorporated in Scotland, registration number SO303184. Its registered office is The Old Manse, Viewforth Street, Kirkcaldy, KY1 3DJ, United Kingdom.
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Fife Wholesale Butchers LLP Notes to the Accounts for the year ended 31 March 2024
3
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
40,000 
At 31 March 2024
40,000 
Amortisation
At 1 April 2023
40,000 
At 31 March 2024
40,000 
Net book value
At 31 March 2024
- 
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
114,262 
7,682 
4,415 
673 
127,032 
Additions
2,243 
- 
- 
690 
2,933 
At 31 March 2024
116,505 
7,682 
4,415 
1,363 
129,965 
Depreciation
At 1 April 2023
105,069 
7,682 
4,415 
543 
117,709 
Charge for the year
3,079 
- 
- 
247 
3,326 
At 31 March 2024
108,148 
7,682 
4,415 
790 
121,035 
Net book value
At 31 March 2024
8,357 
- 
- 
573 
8,930 
At 31 March 2023
9,193 
- 
- 
130 
9,323 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,417 
Trade creditors
34,967 
43,300 
Taxes and social security costs
1,407 
- 
Other creditors
1,315 
1,194 
Accruals
3,167 
- 
40,856 
46,911 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Loans from members
100,008 
82,967 
Amounts falling due within one year
100,008 
82,967 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
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Fife Wholesale Butchers LLP Notes to the Accounts for the year ended 31 March 2024
7
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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