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REGISTERED NUMBER: OC388292 (England and Wales)
















TRAILAWAY LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TRAILAWAY LLP (REGISTERED NUMBER: OC388292)

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


TRAILAWAY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: M Swales
B Swales





REGISTERED OFFICE: Framework House
1 Church Lane
Snaith
GOOLE
East Yorkshire
DN14 9HN





REGISTERED NUMBER: OC388292 (England and Wales)





ACCOUNTANTS: P A Woffenden & Co
Accountants and Tax Advisers
Framework House
1 Church Lane
Snaith
GOOLE
East Yorkshire
DN14 9HN

TRAILAWAY LLP (REGISTERED NUMBER: OC388292)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,870 57,313

CURRENT ASSETS
Debtors 5 105,308 56,508
Cash at bank 18,003 38,324
123,311 94,832
CREDITORS
Amounts falling due within one year 6 55,307 45,047
NET CURRENT ASSETS 68,004 49,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,874

107,098

CREDITORS
Amounts falling due after more than one
year

7

13,258

23,191
NET ASSETS ATTRIBUTABLE TO
MEMBERS

112,616

83,907

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

112,616

83,907

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 112,616 83,907

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.

TRAILAWAY LLP (REGISTERED NUMBER: OC388292)

BALANCE SHEET - continued
31 MARCH 2024


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 21 October 2024 and were signed by:




M Swales - Designated member




B Swales - Designated member


TRAILAWAY LLP (REGISTERED NUMBER: OC388292)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 152,100
Additions 16,000
At 31 March 2024 168,100
DEPRECIATION
At 1 April 2023 94,787
Charge for year 15,443
At 31 March 2024 110,230
NET BOOK VALUE
At 31 March 2024 57,870
At 31 March 2023 57,313

TRAILAWAY LLP (REGISTERED NUMBER: OC388292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,308 56,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,909 9,834
Taxation and social security 14,938 8,361
Other creditors 26,460 26,852
55,307 45,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 13,258 23,191

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Taxation and other creditors take priority for payment before repayment of members' balances.