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REGISTERED NUMBER: OC308775 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mabe Allen LLP

Mabe Allen LLP (Registered number: OC308775)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mabe Allen LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: K C G Slack
C.J. Hopkinson
S J Foulkes



REGISTERED OFFICE: 50 Osmaston Road
Derby
Derbyshire
DE1 2HU



REGISTERED NUMBER: OC308775 (England and Wales)



ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
50 Osmaston Road
Derby
DE1 2HU



BANKERS: Barclays Bank Plc
22-26 St Peters Street
Derby
DE1 1SH



BANKERS: Natwest
1 Chesterfield Road
Alfreton
Derbyshire
DE55 7ZR

Mabe Allen LLP (Registered number: OC308775)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 13,788 20,682
Tangible assets 6 125,827 78,638
139,615 99,320

CURRENT ASSETS
Work in progress 166,749 140,040
Debtors 7 561,410 472,027
Cash at bank 578,315 641,308
1,306,474 1,253,375
CREDITORS
Amounts falling due within one year 8 344,565 330,763
NET CURRENT ASSETS 961,909 922,612
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,101,524

1,021,932

CREDITORS
Amounts falling due after more than one
year

9

148,948

268,948
NET ASSETS ATTRIBUTABLE TO
MEMBERS

952,576

752,984

Mabe Allen LLP (Registered number: OC308775)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

802,576

602,984

MEMBERS' OTHER INTERESTS
Capital accounts 150,000 150,000
952,576 752,984

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 802,576 602,984
Members' other interests 150,000 150,000
952,576 752,984

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 year 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 6 August 2024 and were signed by:




K C G Slack - Designated member




S J Foulkes - Designated member


Mabe Allen LLP (Registered number: OC308775)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mabe Allen LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for services provided to third parties net of discounts, VAT and other sales related taxes. Revenue from services is recognised when services have been provided and the right to consideration has been earned.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is ten years. Provision is made for any impairment.

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 cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Work in progress
Work in progress represents the fair value of services provided but not billed at the year end.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Mabe Allen LLP (Registered number: OC308775)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 40 (2023 - 46 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 68,940
AMORTISATION
At 1 April 2023 48,258
Charge for year 6,894
At 31 March 2024 55,152
NET BOOK VALUE
At 31 March 2024 13,788
At 31 March 2023 20,682

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 411,737
Additions 90,630
At 31 March 2024 502,367
DEPRECIATION
At 1 April 2023 333,099
Charge for year 43,441
At 31 March 2024 376,540
NET BOOK VALUE
At 31 March 2024 125,827
At 31 March 2023 78,638

Mabe Allen LLP (Registered number: OC308775)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 428,592 364,015
Other debtors 132,818 108,012
561,410 472,027

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,445 52,853
Social security and other taxes 124,948 116,435
Other creditors 120,000 120,000
Accruals and deferred income 33,172 41,475
344,565 330,763

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 148,948 268,948

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank equally with other unsecured creditors.