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
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
Fife Wholesale Butchers LLP
Statement of financial position
as at 31 March 2024
Tangible assets
8,930
9,323
Cash at bank and in hand
15,439
1,995
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
Loans and other debts due to members
100,008
82,967
Members' capital classified as equity
50,000
50,000
Loans and other debts due to members
100,008
82,967
Members' other interests
50,000
50,000
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
Fife Wholesale Butchers LLP
Notes to the Accounts
for the year ended 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.
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised.
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 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.
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.
Fife Wholesale Butchers LLP
Notes to the Accounts
for the year ended 31 March 2024
3
Intangible fixed assets
Goodwill
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
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
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
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.
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).