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REGISTERED NUMBER: OC421977 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Wason Male & Wagland LLP

Wason Male & Wagland LLP (Registered number: OC421977)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wason Male & Wagland LLP

General Information
for the year ended 30 April 2024







DESIGNATED MEMBERS: S Wason
N Singh
Ms T A Hatswell





REGISTERED OFFICE: Latern House
39-41 High Street
Potters Bar
Hertfordshire
EN6 5AJ





REGISTERED NUMBER: OC421977 (England and Wales)





ACCOUNTANTS: G & A Partners LLP
Chartered Accountants
120 Cockfosters Road
Barnet
EN4 0DZ

Wason Male & Wagland LLP (Registered number: OC421977)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,082 13,515

CURRENT ASSETS
Stocks 228,429 236,638
Debtors 5 115,981 125,307
Cash at bank and in hand 103,987 56,167
448,397 418,112
CREDITORS
Amounts falling due within one year 6 219,082 208,700
NET CURRENT ASSETS 229,315 209,412
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

248,397

222,927

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

248,397

222,927

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 248,397 222,927

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 30 April 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.

Wason Male & Wagland LLP (Registered number: OC421977)

Statement of Financial Position - continued
30 April 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 26 November 2024 and were signed by:




Ms T A Hatswell - Designated member




N Singh - Designated member


Wason Male & Wagland LLP (Registered number: OC421977)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Wason Male & Wagland 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 represents the amounts recoverable for the services provided to clients, excluding Value Added Tax, under contractual obligations which are performed gradually over time. Revenue is recognised when the amount can be reliably measured and it is probable that future economic benefits will flow.

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 reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bring the assets to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Work in progress
Work in progress is valued on the basis of work done by the year end not yet invoiced.

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 16 (2023 - 13 ) .

Wason Male & Wagland LLP (Registered number: OC421977)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 27,612
Additions 10,337
At 30 April 2024 37,949
DEPRECIATION
At 1 May 2023 14,097
Charge for year 4,770
At 30 April 2024 18,867
NET BOOK VALUE
At 30 April 2024 19,082
At 30 April 2023 13,515

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,981 125,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 962
Taxation and social security 55,882 51,873
Other creditors 163,200 155,865
219,082 208,700

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.