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Registered Number: OC421226
England & Northern Ireland

 

 

 

DAVISON FLYNN DUKE SOLICITORS LLP


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 492    7,133 
492    7,133 
Current assets      
Stocks 4 9,211    6,740 
Debtors 5 37,897    36,929 
Cash at bank and in hand 11,275    39,285 
58,383    82,954 
Creditors: amount falling due within one year 6 (83,185)   (99,844)
Net current assets (24,802)   (16,890)
 
Total assets less current liabilities (24,310)   (9,757)
Creditors: amount falling due after more than one year 7 (49,708)   (31,613)
Net assets (74,018)   (41,370)
 

Represented by:
Loans and other debts due to members 8 160,332    197,351 
Amounts due from members (234,350)   (238,721)
Members' other interest
Other reserves  
 

(74,018)   (41,370)
 

Total members' interests
Amounts due from members 8 (234,350)   (238,721)
Loans and other debts due to members 160,332    197,351 
Members' other interests  
(74,018)   (41,370)
 


For the year ending 31 March 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.

These financial statements have been prepared in accordance with the special provisions applicable to LLPs subject to the small LLPs regime.The LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006
These accounts were approved by the members and signed on their behalf by:


.............................................................................
A Duke
Designated Member
Date approved by the members: 19 December 2024
1
General Information
Davison Flynn Duke Solicitors LLP is a limited liability partnership, registered in England & Northern Ireland, registration number OC421226, registration address 128 Chester Street, Birkenhead, Merseyside , CH41 5DL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared in accordance with the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in 2017, together with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern basis
At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover represents the total value, excluding value added tax, of the sales made during the year and derived from the provision of services falling within the limited liability partnership's ordinary activities.
Government grants
Government grants represent Covid-19 related funding received from HM Government and the local authority in the form of Self-Employment Income Support Scheme monies and a business interruption grant, recognised in the financial statements once eligibility has been established. 
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Work in Progress
Work in Progress is valued at net realisable value. 
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 April 2023 15,350    2,074    17,424 
Additions    
Disposals (15,350)     (15,350)
At 31 March 2024   2,074    2,074 
Depreciation
At 01 April 2023 8,874    1,417    10,291 
Charge for year 1,619    165    1,784 
On disposals (10,493)     (10,493)
At 31 March 2024   1,582    1,582 
Net book values
Closing balance as at 31 March 2024   492    492 
Opening balance as at 01 April 2023 6,476    657    7,133 


4.

Stocks

2024
£
  2023
£
Work in Progress 9,211    6,740 
9,211    6,740 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 1,024    8,257 
Other Debtors 36,873    28,672 
37,897    36,929 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts 44,129    54,239 
PAYE & Social Security 6,208   
Accrued Expenses 7,031    3,348 
Other Creditors 1,603    10,500 
Obligations under HP/Financial Leases   3,837 
VAT 24,214    27,920 
83,185    99,844 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 49,708    30,014 
Obligations Under HP/Financial Leases   1,599 
49,708    31,613 
Security
Bank loans include a Bounce Back Loan.
Hire purchase contracts are secured on the assets concerned.

8.

Members' Interests

Other reserves   Loans and other debts due to members less any amounts due from members included in debtors   Total
Balance at 01 April 2023   (41,369)   (41,369)
Profit for the period available for discretionary division among members 160,332      160,332 
Members' interests after profit for the period 160,332    (41,369)   118,963 
Other divisions of profits (160,332)     (160,332)
Drawings   (192,981)   (192,981)
Other movements   160,332    160,332 
Balance at 31 March 2024   (74,018)   (74,018)
 



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