REGISTERED NUMBER: |
Financial Statements |
for the Period 1st September 2023 to 31st March 2024 |
for |
Brownriggs (Thornhill) LLP |
REGISTERED NUMBER: |
Financial Statements |
for the Period 1st September 2023 to 31st March 2024 |
for |
Brownriggs (Thornhill) LLP |
Brownriggs (Thornhill) LLP (Registered number: SO304122) |
Contents of the Financial Statements |
for the Period 1st September 2023 to 31st March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Brownriggs (Thornhill) LLP |
General Information |
for the Period 1st September 2023 to 31st March 2024 |
DESIGNATED MEMBERS: |
W I Brownrigg |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Dumfries Enterprise Park |
Heathhall |
Dumfries |
DUMFRIESSHIRE |
DG1 3SJ |
Brownriggs (Thornhill) LLP (Registered number: SO304122) |
Balance Sheet |
31st March 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
237,289 |
237,137 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
237,289 |
237,137 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 237,289 | 237,137 |
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. |
Brownriggs (Thornhill) LLP (Registered number: SO304122) |
Balance Sheet - continued |
31st March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Brownriggs (Thornhill) LLP (Registered number: SO304122) |
Notes to the Financial Statements |
for the Period 1st September 2023 to 31st March 2024 |
1. | STATUTORY INFORMATION |
Brownriggs (Thornhill) LLP is registered in Scotland. 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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
The assets are reviewed for impairment if there are any factors that indicate the carrying amount may be impaired. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
Amounts written off each asset over the estimated useful life represent cost less residual value. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Brownriggs (Thornhill) LLP (Registered number: SO304122) |
Notes to the Financial Statements - continued |
for the Period 1st September 2023 to 31st March 2024 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Cash and cash equivalents |
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
Trade debtors |
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business. |
Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties. |
Trade creditors |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. |
Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities. |
Borrowings |
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. |
Provisions and contingencies |
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st September 2023 |
and 31st March 2024 |
AMORTISATION |
At 1st September 2023 |
and 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st August 2023 |
Brownriggs (Thornhill) LLP (Registered number: SO304122) |
Notes to the Financial Statements - continued |
for the Period 1st September 2023 to 31st March 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st September 2023 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st September 2023 |
Charge for period |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st August 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable by instalments |
Hire purchase | 9,462 | 12,948 |
Brownriggs (Thornhill) LLP (Registered number: SO304122) |
Notes to the Financial Statements - continued |
for the Period 1st September 2023 to 31st March 2024 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Hire purchase contracts | 184,923 | 151,409 |
The HSBC Bank plc holds a floating charge over the assets of the business. |
The hire purchase creditors are secured on the assets on which the finance is actually outstanding. |
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Trade and other creditors rank over loans and other debts due to members. |