Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC312664 Mrs Tracy Sedgwick Mr James Sedgwick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC312664 2023-03-31 OC312664 2024-03-31 OC312664 2023-04-01 2024-03-31 OC312664 frs-core:CurrentFinancialInstruments 2024-03-31 OC312664 frs-core:MotorVehicles 2024-03-31 OC312664 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC312664 frs-core:MotorVehicles 2023-03-31 OC312664 frs-core:PlantMachinery 2024-03-31 OC312664 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC312664 frs-core:PlantMachinery 2023-03-31 OC312664 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC312664 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC312664 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC312664 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC312664 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC312664 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC312664 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC312664 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC312664 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC312664 2022-03-31 OC312664 2023-03-31 OC312664 2022-04-01 2023-03-31 OC312664 frs-core:CurrentFinancialInstruments 2023-03-31
Registered number: OC312664
Sedgwick Building Services LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
MTP Accountancy Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC312664
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,059 8,117
4,059 8,117
CURRENT ASSETS
Stocks 5 680 680
Debtors 6 21,100 25,912
21,780 26,592
Creditors: Amounts Falling Due Within One Year 7 (93,034 ) (97,462 )
NET CURRENT ASSETS (LIABILITIES) (71,254 ) (70,870 )
TOTAL ASSETS LESS CURRENT LIABILITIES (67,195 ) (62,753 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (67,195 ) (62,753 )
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 16,329 -
Other amounts 38,579 32,286
54,908 32,286
Equity
Members' other interests
Members' capital (122,103) (95,039)
(122,103) (95,039)
(67,195) (62,753)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 54,908 32,286
Members' other interests (122,103) (95,039)
(67,195) (62,753)
Page 1
Page 2
For the year 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 James Sedgwick
Designated Member
10/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sedgwick Building Services LLP is a limited liability partnership, incorporated in England & Wales, registered number OC312664 . The Registered Office is 11 Dell Cottage, Garden Close, Leatherhead, KT22 8LR.
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. 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 year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 4,240 29,163 33,403
As at 31 March 2024 4,240 29,163 33,403
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 3,872 21,414 25,286
Provided during the period 184 3,874 4,058
As at 31 March 2024 4,056 25,288 29,344
Net Book Value
As at 31 March 2024 184 3,875 4,059
As at 1 April 2023 368 7,749 8,117
5. Stocks
2024 2023
£ £
Work in progress 680 680
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,500 25,912
VAT 600 -
21,100 25,912
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 89,569 89,569
Bank loans and overdrafts 3,113 2,604
VAT - 2,939
Other creditors 352 2,350
93,034 97,462
Page 4