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Registered number: OC404612

T&P Accountants LLP

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
T & P Accountants LLP
Chartered Tax Advisors and Accountants
Unit 51, Basepoint Business Centre,
Waterberry Drive
Waterlooville
Hampshire
PO7 7TH

T&P Accountants LLP

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Company Details2
Balance Sheet3
Notes To The Accounts5

T&P Accountants LLP

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DESIGNATED MEMBERS
T Frampton
P Channing
REGISTERED OFFICE
Unit 51 Basepoint Business Centre
Waterberry Drive
Waterlooville
Hampshire
PO7 7TH
COMPANY NUMBER
OC404612
ACCOUNTANTS
T & P Accountants LLP
Chartered Tax Advisors and Accountants
Unit 51, Basepoint Business Centre,
Waterberry Drive
Waterlooville
Hampshire
PO7 7TH

T&P Accountants LLP

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets220,8805,948
CURRENT ASSETS
Stock1c9601,130
Debtors3-4,478
Cash at bank and in hand7,62118,849
8,58124,457
CREDITORS: Amounts falling due within one year10,19110,784
NET CURRENT (LIABILITIES) / ASSETS(1,610)13,673
NET ASSETS ATTRIBUTABLE TO MEMBERS19,27019,621
LOANS AND OTHER DEBTS DUE TO MEMBERS19,27019,621
MEMBERS ' OTHER INTERESTS
19,27019,621
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members19,27019,621
19,27019,621

T&P Accountants LLP

BALANCE SHEET AT 31/03/2024
For the year ending 31/03/2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
The members have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the members on 26/11/2024 and signed on their behalf by
.............................
T Frampton
Designated Member
.............................
P Channing
Designated Member

T&P Accountants LLP

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 20%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

T&P Accountants LLP

2. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/04/20235,4304,0009,430
Additions48524,17724,662
Disposals-(4,000)(4,000)
At 31/03/20245,91524,17730,092
Depreciation
At 01/04/20232,4821,0003,482
Disposals-(1,000)(1,000)
For the year6866,0446,730
At 31/03/20243,1686,0449,212
Net Book Amounts
At 31/03/20242,74718,13320,880
At 31/03/20232,9483,0005,948
3. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors-3,008
Other Debtors-1,470
-4,478
4. EMPLOYEES
20242023
No.No.
Average number of employees12
The average number of employees during the year was 1