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REGISTERED NUMBER: OC321433 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 31 MARCH 2024

FOR

G B S JOINERY LLP

G B S JOINERY LLP (REGISTERED NUMBER: OC321433)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024




Page

General Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


G B S JOINERY LLP

GENERAL INFORMATION
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Mr A J Duckworth
Mr N Hockin
Mr D P Lamb





REGISTERED OFFICE: 5 Yew Tree Road
Davenport
Stockport
Cheshire
SK3 8TS





REGISTERED NUMBER: OC321433 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

G B S JOINERY LLP (REGISTERED NUMBER: OC321433)

BALANCE SHEET
31 MARCH 2024

31/3/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,675 3,383
Tangible assets 5 43,282 44,280
45,957 47,663

CURRENT ASSETS
Stocks 5,463 12,998
Debtors 6 89,871 97,102
Cash at bank 21,394 6,010
116,728 116,110
CREDITORS
Amounts falling due within one year 7 137,878 126,751
NET CURRENT LIABILITIES (21,150 ) (10,641 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,807

37,022

CREDITORS
Amounts falling due after more than one
year

8

12,963

18,518
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,844

18,504

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

11,844

18,504

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 11,844 18,504
Amounts due from members 6 (16,561 ) (16,796 )
(4,717 ) 1,708

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 period 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.

G B S JOINERY LLP (REGISTERED NUMBER: OC321433)

BALANCE SHEET - continued
31 MARCH 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 16 January 2025 and were signed by:





Mr N Hockin - Designated member

G B S JOINERY LLP (REGISTERED NUMBER: OC321433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

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

Turnover represents the amounts receivable for the manufacture of goods for and installation services provided to clients, excluding value added tax and net of discounts. Turnover from the sale of manufactured goods is recognised when the risks and rewards of ownership have transferred to the customer, typically on delivery. Turnover from installation services is recognised based on the stage of completion.

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.

Website and software is being amortised evenly over its estimated useful life of five years.

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 - 10% on cost

Stocks
Stock compromises of of direct materials and additional costs incurred in bring stock to their present location and condition for the manufacture of goods. Stock is valued at the lower of cost and net realisable value.

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 period was 10 (2023 - 10 ) .

G B S JOINERY LLP (REGISTERED NUMBER: OC321433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 31 March 2024 7,125
AMORTISATION
At 1 October 2023 3,742
Charge for period 708
At 31 March 2024 4,450
NET BOOK VALUE
At 31 March 2024 2,675
At 30 September 2023 3,383

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 149,754
Additions 4,884
At 31 March 2024 154,638
DEPRECIATION
At 1 October 2023 105,474
Charge for period 5,882
At 31 March 2024 111,356
NET BOOK VALUE
At 31 March 2024 43,282
At 30 September 2023 44,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 30/9/23
£    £   
Trade debtors 30,448 24,780
Other debtors 59,423 72,322
89,871 97,102

G B S JOINERY LLP (REGISTERED NUMBER: OC321433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 30/9/23
£    £   
Bank loans and overdrafts 13,265 49,925
Trade creditors 38,661 42,147
Taxation and social security 37,936 24,635
Other creditors 48,016 10,044
137,878 126,751

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 30/9/23
£    £   
Bank loans 12,963 18,518

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Capital loans and other debts due to members rank equally with unsecured creditors, in accordance with the LLP agreement.