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REGISTERED NUMBER: OC400358 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROLFES DIY LLP
TRADING AS
W & E ROLFE & SON

ROLFES DIY LLP (REGISTERED NUMBER: OC400358)
TRADING AS W & E ROLFE & SON






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ROLFES DIY LLP
TRADING AS W & E ROLFE & SON

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: S M Rolfe Esq
Mrs P S Rolfe





REGISTERED OFFICE: 56-58 High Street
New Romney
Kent
TN28 8DA





REGISTERED NUMBER: OC400358 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Invicta Business Centre
Monument Way
Orbital Park
Ashford
Kent
TN24 0HB

ROLFES DIY LLP (REGISTERED NUMBER: OC400358)
TRADING AS W & E ROLFE & SON

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,678 53,219

CURRENT ASSETS
Stocks 20,681 22,118
Debtors 5 8,556 11,901
Cash at bank and in hand 26,520 32,123
55,757 66,142
CREDITORS
Amounts falling due within one year 6 47,424 50,821
NET CURRENT ASSETS 8,333 15,321
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

55,011

68,540

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

55,011

68,540

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 55,011 68,540

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.

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 31 December 2024 and were signed by:





S M Rolfe Esq - Designated member

ROLFES DIY LLP (REGISTERED NUMBER: OC400358)
TRADING AS W & E ROLFE & SON

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Rolfes DIY LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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.

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 NIL (2023 - 4 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 25,391 4,726 6,261 56,764 93,142
DEPRECIATION
At 1 April 2023 - 2,566 4,253 33,104 39,923
Charge for year - 323 303 5,915 6,541
At 31 March 2024 - 2,889 4,556 39,019 46,464
NET BOOK VALUE
At 31 March 2024 25,391 1,837 1,705 17,745 46,678
At 31 March 2023 25,391 2,160 2,008 23,660 53,219

ROLFES DIY LLP (REGISTERED NUMBER: OC400358)
TRADING AS W & E ROLFE & SON

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,922 7,278
Other debtors 4,634 4,623
8,556 11,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,778
Trade creditors 40,938 38,867
Taxation and social security 3,666 3,744
Other creditors 2,820 5,432
47,424 50,821

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 2,778

The amounts above are secured on the assets that they relate to.

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts included in loans and other debts due to members would rank pari passu with other unsecured creditors of the LLP in the event of a winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions on the ability of the members to reduce the amount of Members' other interests.