Registered number: OC399955 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
Harmonea Limited | ||||||||
3 Forge House | ||||||||
Summerleys Road | ||||||||
Princes Risborough | ||||||||
Buckinghamshire | ||||||||
HP27 9DT |
Baby Swimming Hertfordshire LLP | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DESIGNATED MEMBERS | ||||||||
REGISTERED OFFICE | ||||||||
Buckinghamshire | ||||||||
COMPANY NUMBER | ||||||||
ACCOUNTANTS | ||||||||
Harmonea Limited | ||||||||
3 Forge House | ||||||||
Summerleys Road | ||||||||
Princes Risborough | ||||||||
Buckinghamshire | ||||||||
HP27 9DT |
Baby Swimming Hertfordshire LLP | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Report of the Members | 3 | |||||||
Report of the Accountants | 4 | |||||||
Profit and Loss Account | 5 | |||||||
Balance Sheet | 6 | |||||||
Notes to the Accounts | 7 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading and Profit and Loss Account | 11 | |||||||
Profit and Loss Account Summaries | 12 | |||||||
Capital Accounts | 13 | |||||||
Current Accounts | 13 | |||||||
Baby Swimming Hertfordshire LLP | ||||||||
MEMBERS' REPORT | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
The members present their report and accounts for the year ended 31/03/2024 | ||||||||
PRINCIPAL ACTIVITIES | ||||||||
The principal activity of the LLP in the year under review was Swimming lessons . | ||||||||
RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS | ||||||||
The profit for the year before members' remuneration and profit shares was £12,826 (2023 £(4,604)). | ||||||||
DRAWINGS POLICY | ||||||||
The LLP operates a drawings policy which has regard to a cautious estimate of expected profits. Drawings are restricted to prudent levels, taking into account working capital performance, until the results for the year and individual members' allocations have been determined. | ||||||||
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs. | ||||||||
This report was approved on behalf of the members on 19/12/2024 | ||||||||
Hayley Jaji | ||||||||
Designated member |
Baby Swimming Hertfordshire LLP | ||||||||
ACCOUNTANTS' REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS | ||||||||
OF BABY SWIMMING HERTFORDSHIRE LLP, FOR THE YEAR ENDED 31/03/2024 | ||||||||
In order to assist you to fulfill your duties under the Companies Act 2006 as applied to LLP's, we have prepared for your approval the accounts of Baby Swimming Hertfordshire LLP for the year ended 31/03/2024 as set out on pages 5 to 10 from the entity's accounting records and from information and explanations you have given us. | ||||||||
As a practising member of the Association of Accounting Technicians, we are subject to its ethical and other professional requirements which are detailed on their website. | ||||||||
This report is made solely to the members of Baby Swimming Hertfordshire LLP, as a body, in accordance with the terms of our engagement letter dated 18/12/2021. Our work has been undertaken solely to prepare for your approval the accounts of Baby Swimming Hertfordshire LLP and state those matters that we have agreed to state to the Board of Directors of Baby Swimming Hertfordshire LLP, as a body, in this report, in accordance with the requirements of the Association of Accounting Technicians as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baby Swimming Hertfordshire LLP and its Board of Directors as a body for our work or for this report. | ||||||||
It is your duty to ensure that Baby Swimming Hertfordshire LLP has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Baby Swimming Hertfordshire LLP. You consider that Baby Swimming Hertfordshire LLP is exempt from the statutory audit requirement for the year. | ||||||||
We have not been instructed to carry out an audit or a review of the accounts of Baby Swimming Hertfordshire LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. | ||||||||
Harmonea Limited | ||||||||
3 Forge House | ||||||||
Summerleys Road | ||||||||
Princes Risborough | ||||||||
Buckinghamshire | ||||||||
HP27 9DT | ||||||||
19/12/2024 |
Baby Swimming Hertfordshire LLP | ||||||||
PROFIT AND LOSS ACCOUNT | ||||||||
FOR THE YEAR ENDED31/03/2024 | ||||||||
Notes | 2024 | 2023 | ||||||
£ | £ | |||||||
TURNOVER | 3 | 135,558 | 113,894 | |||||
Cost of sales | (83,745) | (86,646) | ||||||
GROSS PROFIT | 51,813 | 27,248 | ||||||
Administrative expenses | 4 | (38,990) | (31,054) | |||||
OPERATING PROFIT / (LOSS) | 12,823 | (3,806) | ||||||
Interest receivable and similar income | 110 | 10 | ||||||
Interest payable and similar charges | 6 | (107) | (193) | |||||
PROFIT / (LOSS) FOR THE FINANCIALYEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | 12,826 | (3,989) | ||||||
Baby Swimming Hertfordshire LLP | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 10 | |||||||||
Tangible assets | 11 | |||||||||
1,584 | 1,845 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | 1d | |||||||||
Debtors | ||||||||||
Cash at bank and in hand | ||||||||||
25,458 | 27,168 | |||||||||
CREDITORS: Amounts falling due within one year | 13 | |||||||||
NET CURRENT LIABILITIES | ( | (9,355) | ||||||||
NET LIABILITIES ATTRIBUTABLE TO MEMBERS | (9,907) | (7,510) | ||||||||
MEMBERS ' OTHER INTERESTS | ||||||||||
Capital accounts | 16 | (9,907) | (9,907) | |||||||
(9,907) | (9,907) | |||||||||
TOTAL MEMBERS' INTERESTS | ||||||||||
Members' other interests | 16 | (9,907) | (9,907) | |||||||
Amounts due from members | (18,784) | (22,613) | ||||||||
(28,691) | (32,520) | |||||||||
Approved by the members on | ||||||||||
............................. | ||||||||||
Designated Member | ||||||||||
Baby Swimming Hertfordshire LLP | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1b. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. |
1b. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. |
1c. Depreciation | ||||||||
Equipment | reducing balance 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
1f. Goodwill | ||||||||
Baby Swimming Hertfordshire LLP | ||||||||
2. INFORMATION IN RELATION TO MEMBERS | 2024 | 2023 | ||||
The average number of members during the year was | 2 | 2 | ||||
3. TURNOVER | ||||||||
The turnover and pre-tax result is attributable to Swimming lessons. | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Sales | 135,558 | 113,894 | ||||||
135,558 | 113,894 | |||||||
4. OTHER OPERATING EXPENSES | 2024 | 2023 | ||||
£ | £ | |||||
Selling and marketing costs | 7,591 | 4,826 | ||||
Administrative expenses | 31,139 | 25,880 | ||||
Costs relating to the purchase, use, and disposal of assets | 260 | 348 | ||||
38,990 | 31,054 | |||||
5. INTEREST RECEIVABLE AND OTHER SIMILAR INCOME | 2024 | 2023 | ||||
£ | £ | |||||
Bank interest receivable | 110 | 10 | ||||
110 | 10 |
6. INTEREST PAYABLE AND SIMILAR CHARGES | 2024 | 2023 | ||||
£ | £ | |||||
Interest on loans repayable within 5 years | 107 | 193 | ||||
107 | 193 | |||||
7. OPERATING PROFIT | ||||||
2024 | 2023 | |||||
£ | £ | |||||
Operating Profit is stated after charging: | ||||||
Depreciation | 260 | 348 | ||||
260 | 348 | |||||
Baby Swimming Hertfordshire LLP | ||||||||
8. DIRECTORS AND EMPLOYEES | ||||||
Particulars of employees (including directors) are shown below: | ||||||
Employee costs during the year amounted to: | 2024 | 2023 | ||||
£ | £ | |||||
Wages and salaries | ||||||
13,182 | 5,490 | |||||
9. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
10. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2023 | 12,000 | 12,000 | ||
At 31/03/2024 | 12,000 | 12,000 | ||
Depreciation | ||||
At 01/04/2023 | 11,200 | 11,200 | ||
At 31/03/2024 | 11,200 | 11,200 | ||
Net Book Amounts | ||||
At 31/03/2024 | ||||
At 31/03/2023 | ||||
11. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2023 | 2,218 | 2,218 | ||
At 31/03/2024 | 2,218 | 2,218 | ||
Depreciation | ||||
At 01/04/2023 | 1,173 | 1,173 | ||
For the year | 261 | 261 | ||
At 31/03/2024 | 1,434 | 1,434 | ||
Net Book Amounts | ||||
At 31/03/2024 | 784 | |||
At 31/03/2023 | 1,045 | |||
Baby Swimming Hertfordshire LLP | ||||||||
12. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | 232 | - | ||||||
Other creditors | 28,434 | 24,058 | ||||||
36,949 | 36,523 | |||||||
14. LOANS AND OTHER DEBTS DUE TO MEMBERS | 2024 | 2023 | ||||||
£ | £ | |||||||
The loans and debts due to members rank equally with debts due to ordinary creditors in a winding up. | ||||||||
15. MEMBERS INTERESTS | ||||||||||||
Members' capital (classified as equity) | Revaluation Reserve | Reserves | Total | Loans and other debts due to/(from) members | Total | |||||||
£ | £ | £ | £ | £ | £ | |||||||
Amount due from members | (21,366) | |||||||||||
Balance at 01/04/2023 | (9,907) | - | - | (9,907) | (21,366) | (31,273) | ||||||
Profit for the financial year available for discretionary division among members | 12,826 | 12,826 | - | 12,826 | ||||||||
Members' interests after profit for the year | (9,907) | 12,826 | 2,919 | (21,366) | (18,447) | |||||||
Other divisions of profit | (12,826) | (12,826) | 12,826 | |||||||||
Drawings | (10,244) | (10,244) | ||||||||||
Amount due from members | (18,784) | |||||||||||
Balance at 31/03/2024 | (9,907) | - | (9,907) | (18,784) | (28,691) | |||||||
Baby Swimming Hertfordshire LLP | ||||||||
TRADING AND PROFIT AND LOSS ACCOUNT | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Turnover | 135,558 | 113,894 | ||||||||
Cost of Sales: | ||||||||||
Stock at 31/03/2023 | - | |||||||||
Purchases | 71,988 | 76,118 | ||||||||
Other direct expenses | 11,757 | 11,293 | ||||||||
84,510 | 87,411 | |||||||||
Stock at 31/03/2024 | ( | (765) | ||||||||
Gross Profit | ||||||||||
51,813 | 27,248 | |||||||||
Less: | ||||||||||
Distribution costs | ||||||||||
Administrative expenses | ||||||||||
Interest receivable and similar income | (110) | (10) | ||||||||
Interest payable and similar charges | 107 | 193 | ||||||||
38,987 | 31,237 | |||||||||
Net profit / (loss) for the year before taxation | ( | |||||||||
Net profit / (loss) for the year after taxation | ( | |||||||||
Loss on disposal of fixed assets | - | 615 | ||||||||
- | 615 | |||||||||
12,826 | (4,604) | |||||||||
Retained profits brought forward | - | 2,397 | ||||||||
Retained profits / (losses) carried forward | 12,826 | (2,207) | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
Baby Swimming Hertfordshire LLP | ||||||||
PROFIT AND LOSS ACCOUNT SUMMARIES | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Cost of sales - purchases: | ||||||||||
Purchases | - | 892 | ||||||||
Pool hire | 46,400 | 43,804 | ||||||||
Subcontractors | 25,588 | 31,422 | ||||||||
71,988 | 76,118 | |||||||||
Cost of sales - other direct costs: | ||||||||||
Franchise fees | 11,757 | 11,293 | ||||||||
11,757 | 11,293 | |||||||||
Distribution Costs: | ||||||||||
Marketing | 5,165 | 3,672 | ||||||||
Gifts to customers | 354 | 10 | ||||||||
Travel | 1,316 | 335 | ||||||||
Business entertaining | 756 | 109 | ||||||||
Staff entertaining | - | 700 | ||||||||
Interest payable and similar charges: | ||||||||||
Interest on loans repayable within 5 years | 107 | 193 | ||||||||
107 | 193 | |||||||||
Baby Swimming Hertfordshire LLP | ||||||||
PROFIT AND LOSS ACCOUNT SUMMARIES | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
2024 | 2023 | |||||||||
Administrative Expenses: | ||||||||||
Insurance | 1,522 | 1,960 | ||||||||
Cleaning | 139 | 232 | ||||||||
Wages - regular | 13,182 | 5,490 | ||||||||
Staff welfare | 150 | 150 | ||||||||
Training | 173 | - | ||||||||
Equipment maintenance | 231 | 1,065 | ||||||||
Computer costs | 1,605 | 763 | ||||||||
Motor expenses - fuel and oil | 5,491 | 5,954 | ||||||||
Accountancy fees | 815 | 2,348 | ||||||||
Legal costs (revenue) | 1,392 | 1,543 | ||||||||
Meeting Costs | 754 | 2,711 | ||||||||
Bookkeeping fees | 1,005 | - | ||||||||
Uniform/Clothing | 144 | 122 | ||||||||
Stationery & office supplies | 1,513 | 960 | ||||||||
Telephone | 1,527 | 1,379 | ||||||||
Subscriptions | 295 | 224 | ||||||||
Charitable donations | - | 36 | ||||||||
Bank charges | 1,201 | 943 | ||||||||
Depreciation and Amortisation: | ||||||||||
Depreciation of equipment | 260 | 348 | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
16. CAPITAL ACCOUNTS | ||||||
Hayley Jaji | Larry Jaji | Total | ||||
£ | £ | £ | ||||
At 01/04/2023 | (4,857) | (5,050) | (9,907) | |||
At 31/03/2024 | (4,857) | (5,050) | (9,907) | |||
17. MEMBERS' CURRENT ACCOUNTS | ||||||
Hayley Jaji | Larry Jaji | Total | ||||
£ | £ | £ | ||||
At 01/04/2023 | (11,679) | (9,687) | (21,366) | |||
Share of profit | 12,698 | 128 | 12,826 | |||
1,019 | (9,559) | (8,540) | ||||
Drawings | 4,428 | 5,816 | 10,244 | |||
At 31/03/2024 | (3,409) | (15,375) | (18,784) |