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REGISTERED NUMBER: OC372815 (England and Wales)










John Coull Associates LLP

Report of the Members and

Unaudited Financial Statements

for the Period 1 March 2023 to 31 March 2024






John Coull Associates LLP (Registered number: OC372815)






Contents of the Financial Statements
for the period 1 March 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


John Coull Associates LLP

General Information
for the period 1 March 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr J A Coull
Mrs J Coull





REGISTERED OFFICE: 28 Bryn Estate
Bontnewydd
Caernarfon
Gwynedd
LL55 2UN





REGISTERED NUMBER: OC372815 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

John Coull Associates LLP (Registered number: OC372815)

Report of the Members
for the period 1 March 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 March 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of Engineering & Consultancy.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mr J A Coull
Mrs J Coull

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £45,148 (2023 - £49,742 profit).

MEMBERS' INTERESTS
The partnership operates a drawings policy which has regard to a cautious estimate of budgeted profits. Drawings are restricted to prudent levels, taking into account working capital performance, with full distributions of profits only when the results for the year and individual members' allocations have been determined.

In addition, the Members' Agreement provides a framework for further restriction of drawings under circumstances where the cash requirements of the business need to take priority over the cash needs of the members.

ON BEHALF OF THE MEMBERS:





Mr J A Coull - Designated member


8 November 2024

John Coull Associates LLP (Registered number: OC372815)

Income Statement
for the period 1 March 2023 to 31 March 2024

period
1/3/23
to year ended
31/3/24 28/2/23
Notes £    £   

TURNOVER 73,860 78,060

Cost of sales (11,710 ) (12,009 )
GROSS PROFIT 62,150 66,051

Administrative expenses (17,002 ) (16,309 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




45,148




49,742

John Coull Associates LLP (Registered number: OC372815)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,177 2,721

CURRENT ASSETS
Debtors 6 9,198 14,067
Cash at bank 54,366 44,857
63,564 58,924
CREDITORS
Amounts falling due within one year 7 4,010 4,735
NET CURRENT ASSETS 59,554 54,189
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

61,731

56,910

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

61,731

56,910

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 61,731 56,910

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 period 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.

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

The financial statements were approved by the members of the LLP and authorised for issue on 8 November 2024 and were signed by:





Mr J A Coull - Designated member

John Coull Associates LLP (Registered number: OC372815)

Notes to the Financial Statements
for the period 1 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

John Coull Associates 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.
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

period
1/3/23
to year ended
31/3/24 28/2/23
£    £   
Depreciation - owned assets 544 653

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 31 March 2024 8,423
DEPRECIATION
At 1 March 2023 5,702
Charge for period 544
At 31 March 2024 6,246
NET BOOK VALUE
At 31 March 2024 2,177
At 28 February 2023 2,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,198 14,038
Other debtors - 29
9,198 14,067

John Coull Associates LLP (Registered number: OC372815)

Notes to the Financial Statements - continued
for the period 1 March 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 191
Other creditors 4,010 4,544
4,010 4,735

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.