Registered No. OC401356 (England and Wales)
LM Speech and Language Therapy LLP
Unaudited accounts
for the year ended 31 August 2024
LM Speech and Language Therapy LLP
LLP Information
for the year ended 31 August 2024
Designated members
MR ANDREW MENZIES
Registered Number
OC401356 (England and Wales)
Registered Office
44A LONG RIDGE
BRIGHOUSE
W YORKSHIRE
HD6 3RZ
UNITED KINGDOM
Accountants
Prosper Bailey Accountancy Ltd
Office 56 Bank Farm Buildings
Chester Road
Aldford
Cheshire
CH3 6HJ
LM Speech and Language Therapy LLP
Statement of financial position
as at 31 August 2024
Tangible assets
2,257
2,809
Cash at bank and in hand
1,325
5,056
Creditors: amounts falling due within one year
(268)
(435)
Net current assets
3,143
5,368
Net assets attributable to members
5,400
8,177
Loans and other debts due to members
5,400
8,177
Loans and other debts due to members
5,400
8,177
For the year ending 31 August 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 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.
Approved by the members on 26 January 2025.
MR ANDREW MENZIES
Designated member
Limited Liability Partnership Registration No. OC401356
LM Speech and Language Therapy LLP
Notes to the Accounts
for the year ended 31 August 2024
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance
LM Speech and Language Therapy LLP is a limited liability partnership, incorporated in England and Wales, registration number OC401356. Its registered office is 44A LONG RIDGE, BRIGHOUSE, W YORKSHIRE, HD6 3RZ, UNITED KINGDOM.
LM Speech and Language Therapy LLP
Notes to the Accounts
for the year ended 31 August 2024
3
Tangible fixed assets
Computer equipment
4
Creditors: amounts falling due within one year
2024
2023
5
Loans and other debts due to members
2024
2023
Members' capital classified as a liability
42,252
42,252
Amounts due to members in respect of profits
(36,852)
(34,075)
Amounts falling due within one year
5,400
8,177
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).