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 OC356605 T Barnett T Read iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC356605 2023-03-31 OC356605 2024-03-31 OC356605 2023-04-01 2024-03-31 OC356605 frs-core:CurrentFinancialInstruments 2024-03-31 OC356605 frs-core:Non-currentFinancialInstruments 2024-03-31 OC356605 frs-core:MotorVehicles 2024-03-31 OC356605 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC356605 frs-core:MotorVehicles 2023-03-31 OC356605 frs-core:PlantMachinery 2024-03-31 OC356605 frs-core:PlantMachinery 2023-04-01 2024-03-31 OC356605 frs-core:PlantMachinery 2023-03-31 OC356605 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC356605 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC356605 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC356605 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC356605 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC356605 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC356605 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC356605 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC356605 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC356605 2022-03-31 OC356605 2023-03-31 OC356605 2022-04-01 2023-03-31 OC356605 frs-core:CurrentFinancialInstruments 2023-03-31 OC356605 frs-core:Non-currentFinancialInstruments 2023-03-31
Registered number: OC356605
Solutions Plumbing & Heating LLP
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC356605
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,375 12,499
9,375 12,499
CURRENT ASSETS
Stocks 5 1,680 2,640
Debtors 6 48,920 13,133
Cash at bank and in hand 115,755 109,986
166,355 125,759
Creditors: Amounts Falling Due Within One Year 7 (53,617 ) (51,580 )
NET CURRENT ASSETS (LIABILITIES) 112,738 74,179
TOTAL ASSETS LESS CURRENT LIABILITIES 122,113 86,678
Creditors: Amounts Falling Due After More Than One Year 8 (13,333 ) (23,333 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 108,780 63,345
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 108,780 63,345
108,780 63,345
108,780 63,345
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 108,780 63,345
108,780 63,345
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
T Barnett
Designated Member
07/06/2024
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
Solutions Plumbing & Heating LLP is a limited liability partnership, incorporated in England & Wales, registered number OC356605 . The Registered Office is 130 Tennyson Avenue, New Malden, Surrey, KT3 6NA.
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.
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 Over 3 years
Motor Vehicles Over 4 years
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: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 2,700 19,999 22,699
As at 31 March 2024 2,700 19,999 22,699
Depreciation
As at 1 April 2023 2,700 7,500 10,200
Provided during the period - 3,124 3,124
As at 31 March 2024 2,700 10,624 13,324
Net Book Value
As at 31 March 2024 - 9,375 9,375
As at 1 April 2023 - 12,499 12,499
5. Stocks
2024 2023
£ £
Work in progress 1,680 2,640
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,087 9,045
Other debtors 3,833 4,088
48,920 13,133
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,280 10,862
Bank loans and overdrafts 10,913 27,708
VAT 7,574 9,789
Other creditors 2,850 3,221
53,617 51,580
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
Page 4