REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
for |
SM Jones Engineering LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
for |
SM Jones Engineering LLP |
SM Jones Engineering LLP (Registered number: OC377896) |
Contents of the Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SM Jones Engineering LLP |
General Information |
for the Period 1 July 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Schoolhouse |
5-7 Byrom Street |
Manchester |
M3 4PF |
SM Jones Engineering LLP (Registered number: OC377896) |
Balance Sheet |
31 March 2024 |
31.3.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
228,598 |
224,490 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
228,598 |
224,490 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 8 | 228,598 | 224,490 |
Amounts due from members | 5 | (44,825 | ) | (28,994 | ) |
183,773 | 195,496 |
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. |
SM Jones Engineering LLP (Registered number: OC377896) |
Balance Sheet - continued |
31 March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
SM Jones Engineering LLP (Registered number: OC377896) |
Notes to the Financial Statements |
for the Period 1 July 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
SM Jones Engineering LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
SM Jones Engineering LLP (Registered number: OC377896) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 June 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 1 July 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.6.23 |
£ | £ |
Trade debtors |
Other debtors |
SM Jones Engineering LLP (Registered number: OC377896) |
Notes to the Financial Statements - continued |
for the Period 1 July 2023 to 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.6.23 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.24 | 30.6.23 |
£ | £ |
Hire purchase contracts |
8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Members only take drawings where cash is available and other creditors are not adversely affected. |
9. | ULTIMATE CONTROLLING PARTY |
The LLP is controlled by the members. |