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REGISTERED NUMBER: OC347263 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bards Shellfish LLP

Bards Shellfish LLP (Registered number: OC347263)






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




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bards Shellfish LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: S Chilcott
B Chilcott





REGISTERED OFFICE: Lonicera Rhododendron Avenue
Meopham
Gravesend
Kent
DA13 0TT





REGISTERED NUMBER: OC347263 (England and Wales)





ACCOUNTANT: L. A. Horsfall
Lonicera
Rhododendron Avenue
Meopham
Kent
DA13 0TT

Bards Shellfish LLP (Registered number: OC347263)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,036 15,361

CURRENT ASSETS
Stocks 1,794 1,601
Debtors 5 393,147 406,477
Cash at bank and in hand 285,560 235,192
680,501 643,270
CREDITORS
Amounts falling due within one year 6 676,923 608,568
NET CURRENT ASSETS 3,578 34,702
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

79,614

50,063

LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

79,614

50,063

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

79,614

50,063
Amounts due from members 5 - (27,006 )
79,614 23,057

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.

Bards Shellfish LLP (Registered number: OC347263)

Statement of Financial Position - 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 5 December 2024 and were signed by:




S Chilcott - Designated member




B Chilcott - Designated member


Bards Shellfish LLP (Registered number: OC347263)

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

1. STATUTORY INFORMATION

Bards Shellfish 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.

Revenue recognition
Turnover is represented by amounts derived from the provision of goods and services falling within the company's activities, after the deduction of trade discounts and value added tax.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

Bards Shellfish LLP (Registered number: OC347263)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 63,123
Additions 86,021
At 31 March 2024 149,144
DEPRECIATION
At 1 April 2023 47,762
Charge for year 25,346
At 31 March 2024 73,108
NET BOOK VALUE
At 31 March 2024 76,036
At 31 March 2023 15,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 382,512 377,114
Other debtors 10,635 29,363
393,147 406,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 669,046 597,218
Taxation and social security 3,604 3,246
Other creditors 4,273 8,104
676,923 608,568

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Of Loans and other debts due to members £79,614 (2023: £23,057) is subordinated to
unsecured creditors. The rest ranks pari passu with unsecured creditors in the event of a winding up.
There are no restrictions on the ability for the Board of members to reduce Members’ other interests.