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REGISTERED NUMBER: OC433694 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

SMD Accounts LLP

SMD Accounts LLP (Registered number: OC433694)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

General information 1

Balance sheet 2

Notes to the financial statements 4


SMD Accounts LLP

General Information
For The Year Ended 31 March 2024







Designated members: S M Duffety
A Gooderham





Registered office: The Vineyards
Knox Lane
Bardwell
Bury St Edmunds
Suffolk
IP31 1AX





Registered number: OC433694 (England and Wales)





Accountants: SMD Accounts LLP
Chartered Certified Accountants
The Vineyards
Knox Lane, Bardwell
Bury St Edmunds
Suffolk
IP31 1AX

SMD Accounts LLP (Registered number: OC433694)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 18,534 1,957

Current assets
Debtors 5 70,106 40,746
Cash at bank 26,421 49,605
96,527 90,351
Creditors
Amounts falling due within one year 6 44,462 22,778
Net current assets 52,065 67,573
Total assets less current liabilities
and
Net assets attributable to members 70,599 69,530

Loans and other debts due to members 7 12,787 29,530

Members' other interests
Capital accounts 57,812 40,000
70,599 69,530

Total members' interests
Loans and other debts due to members 7 12,787 29,530
Members' other interests 57,812 40,000
70,599 69,530

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

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.

SMD Accounts LLP (Registered number: OC433694)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 27 November 2024 and were signed by:




S M Duffety - Designated member




A Gooderham - Designated member


SMD Accounts LLP (Registered number: OC433694)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. Statutory information

SMD Accounts 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Hire purchase and leasing commitments
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 year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 4,813
Additions 24,308
At 31 March 2024 29,121
Depreciation
At 1 April 2023 2,856
Charge for year 7,731
At 31 March 2024 10,587
Net book value
At 31 March 2024 18,534
At 31 March 2023 1,957

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 61,327 28,748
Other debtors 8,779 11,998
70,106 40,746

SMD Accounts LLP (Registered number: OC433694)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 5,292 4,139
Taxation and social security 23,183 18,639
Other creditors 15,987 -
44,462 22,778

7. Loans and other debts due to members
2024 2023
£    £   
Amounts owed to members in respect of profits 12,787 29,530

Falling due within one year 12,787 29,530

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.