Company No:
Contents
Note | 31.03.2024 | 31.12.2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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50,146 | 4,054 | |||
Current assets | ||||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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143,014 | 552,287 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 44,583 | 194,565 | ||
Total assets less current liabilities | 94,729 | 198,619 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Net assets attributable to members |
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Represented by | ||||
Loans and other debts due to members within one year | ||||
Other amounts | 56,926 | 198,619 | ||
56,926 | 198,619 | |||
Members' other interests | ||||
0 | 0 | |||
56,926 | 198,619 | |||
Total members' interests | ||||
Loans and other debts due to members | 56,926 | 198,619 | ||
56,926 | 198,619 |
Members' responsibilities:
Fisher Russell LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.
The financial statements of Fisher Russell LLP (registered number:
Mr J H Russell
Designated member |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Fisher Russell LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Manor House, Kingsbury Episcopi, Martock, TA12 6AT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company extended its financial year to coincide with the fiscal year.
Revenue from services is recognised as they are delivered.
Land and buildings |
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Vehicles |
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Office equipment |
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Other property, plant and equipment |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Period from 01.01.2023 to 31.03.2024 |
Year ended 31.12.2022 |
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Number | Number | ||
Monthly average number of persons employed by the LLP during the period |
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Land and buildings | Vehicles | Office equipment | Other property, plant and equipment |
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£ | £ | £ | £ | £ | |||||
Cost | |||||||||
At 01 January 2023 |
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Additions |
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At 31 March 2024 |
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Accumulated depreciation | |||||||||
At 01 January 2023 |
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Charge for the financial period |
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At 31 March 2024 |
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Net book value | |||||||||
At 31 March 2024 |
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At 31 December 2022 |
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31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Trade debtors |
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Prepayments |
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VAT recoverable |
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Other debtors |
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31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Bank overdrafts |
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Trade creditors |
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Other taxation and social security |
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Obligations under finance leases and hire purchase contracts (secured) |
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Other creditors |
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Capital loans and other debts due to members rank pari passu with creditors, in accordance with the members' agreement. There are no restrictions on the members' ability to reduce the amount of members' other interests.
31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Obligations under finance leases and hire purchase contracts (secured) |
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Commitments
Capital commitments are as follows:
31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Contracted for but not provided for: | |||
Other | 858 | 3,005 |