REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Period 1st October 2023 to 31st March 2024 |
for |
J&J MARTIN LLP |
REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Period 1st October 2023 to 31st March 2024 |
for |
J&J MARTIN LLP |
J&J MARTIN LLP (REGISTERED NUMBER: OC378653) |
Contents of the Financial Statements |
for the Period 1st October 2023 to 31st March 2024 |
Page |
General Information | 1 |
Report of the Members | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
J&J MARTIN LLP |
General Information |
for the Period 1st October 2023 to 31st March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
89 Leigh Road |
Eastleigh |
Hampshire |
SO50 9DQ |
J&J MARTIN LLP (REGISTERED NUMBER: OC378653) |
Report of the Members |
for the Period 1st October 2023 to 31st March 2024 |
The members present their report with the financial statements of the LLP for the period 1st October 2023 to 31st March 2024. |
PRINCIPAL ACTIVITY |
The principal activity of the LLP in the period under review was that of carrying out MOT's on vehicles. |
DESIGNATED MEMBERS |
The designated members during the period under review were: |
RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS |
The profit for the period before members' remuneration and profit shares was £1,746 (2023 - £6,303 loss). |
MEMBERS' INTERESTS |
ON BEHALF OF THE MEMBERS: |
J&J MARTIN LLP (REGISTERED NUMBER: OC378653) |
Income Statement |
for the Period 1st October 2023 to 31st March 2024 |
PERIOD |
1.10.23 |
TO | YEAR ENDED |
31.3.24 | 30.9.23 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING PROFIT/(LOSS) | 4 | ( |
) |
Interest payable and similar expenses |
PROFIT/(LOSS) FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
J&J MARTIN LLP (REGISTERED NUMBER: OC378653) |
Balance Sheet |
31st March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
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 |
5,940 |
270 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
5,940 |
270 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5,940 | 270 |
Amounts due from members | 6 | - | (1,965 | ) |
5,940 | (1,695 | ) |
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. |
J&J MARTIN LLP (REGISTERED NUMBER: OC378653) |
Balance Sheet - continued |
31st March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
J&J MARTIN LLP (REGISTERED NUMBER: OC378653) |
Notes to the Financial Statements |
for the Period 1st October 2023 to 31st March 2024 |
1. | STATUTORY INFORMATION |
J&J Martin 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 |
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 |
Plant and machinery etc | - |
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. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
4. | OPERATING PROFIT/(LOSS) |
The operating profit (2023 - operating loss) is stated after charging: |
PERIOD |
1.10.23 |
TO | YEAR ENDED |
31.3.24 | 30.9.23 |
£ | £ |
Depreciation - owned assets |
J&J MARTIN LLP (REGISTERED NUMBER: OC378653) |
Notes to the Financial Statements - continued |
for the Period 1st October 2023 to 31st March 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st October 2023 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st October 2023 |
Charge for period |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 30th September 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 | ( |
) |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
Other creditors |
9. | RELATED PARTY DISCLOSURES |
During the period under review £22,581 (2021: £18,548) was recharged by Whitchurch Service & Repairs Ltd, for use of shared utilities. Mr J E Martin is a director and majority shareholder of Whitchurch Service & Repairs Ltd. |