Registered number |
Registered number: | SO300324 | ||||
Balance Sheet | |||||
as at |
|||||
Notes | 2024 | 2023 | |||
£ | £ | ||||
Fixed assets | |||||
Tangible assets | 3 | ||||
Current assets | |||||
Stocks | |||||
Debtors | 4 | ||||
Cash at bank and in hand | |||||
Creditors: amounts falling due within one year | 5 | ( |
( |
||
Net current assets | |||||
Total assets less current liabilities | |||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
||
Net assets attributable to members | |||||
Represented by: | |||||
Loans and other debts due to members | 8 | ( |
( |
||
Members' other interests | |||||
Other reserves | |||||
151,676 | 202,224 | ||||
Total members' interests | |||||
Loans and other debts due to members | 8 | (131,848) | (81,300) | ||
Members' other interests | 283,524 | 283,524 | |||
151,676 | 202,224 | ||||
These accounts were approved by the members on |
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Mr J Holland | |||||
Designated member | |||||
J & W HOLLAND (HAULAGE) LLP | ||||||||
Notes to the Accounts | ||||||||
for the year ended 29 February 2024 | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Government Grants | ||||||||
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognised criteria, they are recognised as a liability. |
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Taxation | ||||||||
Tangible fixed assets | ||||||||
Freehold buildings | over 50 years | |||||||
Leasehold land and buildings | over the lease term | |||||||
Plant and machinery | over 5 years | |||||||
Fixtures, fittings, tools and equipment | over 5 years | |||||||
Stocks | ||||||||
Provisions | ||||||||
Pensions | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the LLP | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | Motor vehicles | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 March 2023 | ||||||||
Disposals | - | ( |
( |
|||||
At 29 February 2024 | ||||||||
Depreciation | ||||||||
At 1 March 2023 | ||||||||
Charge for the year | ||||||||
On disposals | - | ( |
( |
|||||
At 29 February 2024 | ||||||||
Net book value | ||||||||
At 29 February 2024 | ||||||||
At 28 February 2023 | ||||||||
4 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Obligations under finance lease and hire purchase contracts | ||||||||
Trade creditors | ||||||||
Other taxes and social security costs | ||||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans | ||||||||
Obligations under finance lease and hire purchase contracts | ||||||||
7 | Bounceback loan | |||||||
Effective interest rate 2.5% Year......Bal b/f..............Interest...............Cashflow.............Bal c/f .................£.......................£..........................£..........................£ ---------------------------------------------------------------------------------------------- ....1.........50000........................................................................50000 ....2.........50000..................1250.00................-10000...........40000 ....3.........40000..................1000.00...............-10000...........30000 ....4.........30000....................750.00................-10000...........20000 ....5.........20000....................500.00................-10000...........10000 ....6.........10000....................250.00................-10000 .............................................3750.00................-50000............................ Less BIP payment 1250.00 Total Interest Payable 2500.00 Interest 12 months 1250.00, account for 8 months as Gov paid Interest till July 2021 £ 833.33 interest in Accounts period 1, and £416.67 in Accounts period 2. |
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8 | Loans and other debts due to members | 2024 | 2023 | |||||
£ | £ | |||||||
Loans from members | (9,350) | (9,350) | ||||||
Amounts due to members in respect of profits | (122,498) | (71,950) | ||||||
(131,848) | (81,300) | |||||||
Amounts falling due within one year | (131,848) | (81,300) | ||||||
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. | ||||||||
9 | Related party transactions | |||||||
10 | Other information | |||||||
J & W HOLLAND (HAULAGE) LLP is a limited liability partnership incorporated in Scotland. Its registered office is: | ||||||||
Nickell Cottage | ||||||||
Southbank Road | ||||||||
Kirkintilloch | ||||||||
Glasgow | ||||||||
G66 1UB |