and/or/if LLP |
Registered number: |
OC321097 |
Balance Sheet |
as at 31 March 2024 |
Notes |
|
2024 |
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
10,864 |
|
11,164 |
Current assets |
|
|
|
|
|
Stocks - WIP |
|
|
21,278 |
|
71,041 |
Debtors |
4 |
|
8,215 |
|
18,587 |
Cash at bank and in hand |
|
|
81,735 |
|
82,068 |
|
|
|
111,228 |
|
171,696 |
|
Creditors: amounts falling due within one year |
5 |
|
(100,176) |
|
(137,366) |
|
Net current assets |
|
|
11,052 |
|
34,330 |
|
|
|
|
|
|
Total assets less current liabilities |
|
|
21,916 |
|
45,494 |
|
|
|
Net assets attributable to members |
21,916 |
|
45,494 |
|
|
|
|
|
|
Represented by: |
|
|
|
|
|
|
Members' other interests |
Members' capital classified as equity |
6 |
|
21,916 |
|
45,494 |
|
|
|
|
|
|
|
|
|
21,916 |
|
45,494 |
|
|
|
|
|
|
Total members' interests |
Members' other interests |
|
|
21,916 |
|
45,494 |
|
|
|
|
21,916 |
|
45,494 |
|
|
|
|
|
|
For the year ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
These accounts were approved by the members on 18 December 2024 and signed on their behalf by: |
|
|
Mark Stanton |
Designated member |
|
and/or/if LLP |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Work in progress |
|
Work in progress represents long term contracts where the prudently calculated atributable profit can be assessed with reasonable certainty by reference to the stage of completion at the end of the accounting period. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the LLP |
4 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Computer Equipment |
|
Fixtures and fittings |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2023 |
71,939 |
|
9,350 |
|
81,289 |
|
Additions |
4,239 |
|
- |
|
4,239 |
|
At 31 March 2024 |
76,178 |
|
9,350 |
|
85,528 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2023 |
61,884 |
|
8,241 |
|
70,125 |
|
Charge for the year |
4,409 |
|
130 |
|
4,539 |
|
At 31 March 2024 |
66,293 |
|
8,371 |
|
74,664 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
9,885 |
|
979 |
|
10,864 |
|
At 31 March 2023 |
10,055 |
|
1,109 |
|
11,164 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
990 |
|
11,362 |
|
Other debtors - prepayments |
7,225 |
|
7,225 |
|
|
|
|
|
|
8,215 |
|
18,587 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
594 |
|
24,685 |
|
Other taxes and social security costs |
(482) |
|
1,825 |
|
Other creditors - accruals and deferred income |
100,064 |
|
110,856 |
|
|
|
|
|
|
100,176 |
|
137,366 |
|
|
|
|
|
|
|
|
|
|
6 |
Members capital classified as equity |
|
|
|
|
|
|
A |
|
M |
|
S |
|
Total |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
|
At 1 April 2023 |
17,241 |
|
13,931 |
|
14,322 |
|
45,494 |
|
Allocation of profits |
97,555 |
|
83,929 |
|
97,555 |
|
279,039 |
|
Drawings |
- 103,299 |
|
- 96,019 |
|
- 103,299 |
|
- 302,617 |
|
At 31 March 2024 |
11,497 |
|
1,841 |
|
8,578 |
|
21,916 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
and/or/if LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Oakridge Barn |
|
Plum Park Estate,Watling Street |
|
Paulerspury |
|
Towcester |
|
Northants |