Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 28 October 2021 false 1 November 2022 31 March 2024 31 March 2024 OC439726 Mr Paul Lambell Mrs Tracey Lambell Mr Christopher Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC439726 2022-10-31 OC439726 2024-03-31 OC439726 2022-11-01 2024-03-31 OC439726 frs-core:CurrentFinancialInstruments 2024-03-31 OC439726 frs-core:Non-currentFinancialInstruments 2024-03-31 OC439726 frs-core:BetweenOneFiveYears 2024-03-31 OC439726 frs-core:MotorVehicles 2024-03-31 OC439726 frs-core:MotorVehicles 2022-11-01 2024-03-31 OC439726 frs-core:MotorVehicles 2022-10-31 OC439726 frs-core:PlantMachinery 2024-03-31 OC439726 frs-core:PlantMachinery 2022-11-01 2024-03-31 OC439726 frs-core:PlantMachinery 2022-10-31 OC439726 frs-core:WithinOneYear 2024-03-31 OC439726 frs-bus:LimitedLiabilityPartnershipLLP 2022-11-01 2024-03-31 OC439726 frs-bus:LimitedLiabilityPartnershipsSORP 2022-11-01 2024-03-31 OC439726 frs-bus:FilletedAccounts 2022-11-01 2024-03-31 OC439726 frs-bus:SmallEntities 2022-11-01 2024-03-31 OC439726 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 OC439726 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 OC439726 frs-countries:EnglandWales 2022-11-01 2024-03-31 OC439726 frs-bus:PartnerLLP1 2022-11-01 2024-03-31 OC439726 frs-bus:PartnerLLP2 2022-11-01 2024-03-31 OC439726 frs-bus:PartnerLLP3 2022-11-01 2024-03-31 OC439726 2021-10-27 OC439726 2022-10-31 OC439726 2021-10-28 2022-10-31 OC439726 frs-core:CurrentFinancialInstruments 2022-10-31 OC439726 frs-core:Non-currentFinancialInstruments 2022-10-31 OC439726 frs-core:BetweenOneFiveYears 2022-10-31 OC439726 frs-core:WithinOneYear 2022-10-31
Registered number: OC439726
C.P.T Fuelwood LLP
Unaudited Financial Statements
For the Period 1 November 2022 to 31 March 2024
TS Partners Ltd
34 Devon Square
Newton Abbot
Devon
TQ12 2HH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: OC439726
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,665 506
24,665 506
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 258 42
Cash at bank and in hand 5,454 12,270
15,712 22,312
Creditors: Amounts Falling Due Within One Year 7 (6,568 ) (2,519 )
NET CURRENT ASSETS (LIABILITIES) 9,144 19,793
TOTAL ASSETS LESS CURRENT LIABILITIES 33,809 20,299
Creditors: Amounts Falling Due After More Than One Year 8 (10,063 ) -
NET ASSETS ATTRIBUTABLE TO MEMBERS 23,746 20,299
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 35,007 21,440
35,007 21,440
Equity
Members' other interests
Members' capital (11,261) (1,141)
(11,261) (1,141)
23,746 20,299
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 35,007 21,440
Members' other interests (11,261) (1,141)
23,746 20,299
Page 1
Page 2
For the period ending 31 March 2024 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Paul Lambell
Designated Member
Mrs Tracey Lambell
Designated Member
Mr Christopher Gill
Designated Member
25/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C.P.T Fuelwood LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439726 . The Registered Office is Wifford Farm, Bovey Tracey, Newton Abbot, Devon, TQ13 9JH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the period was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2022 675 - 675
Additions 23,543 6,495 30,038
As at 31 March 2024 24,218 6,495 30,713
Depreciation
As at 1 November 2022 169 - 169
Provided during the period 3,747 2,132 5,879
As at 31 March 2024 3,916 2,132 6,048
Net Book Value
As at 31 March 2024 20,302 4,363 24,665
As at 1 November 2022 506 - 506
5. Stocks
31 March 2024 31 October 2022
£ £
Materials 10,000 10,000
6. Debtors
31 March 2024 31 October 2022
£ £
Due within one year
Prepayments and accrued income 257 42
Other debtors 1 -
258 42
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,937 -
Trade creditors - (1 )
Accruals and deferred income 1,191 1,080
C P Tree Services Ltd - Intercompany loan 1,440 1,440
6,568 2,519
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 October 2022
£ £
Net obligations under finance lease and hire purchase contracts 10,063 -
10,063 -
Page 4
Page 5
9. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 October 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,937 -
Later than one year and not later than five years 10,063 -
14,000 -
14,000 -
Page 5