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Registered number: OC385125
Ingersoll Engineers UK LLP
Unaudited Financial Statements
For The Year Ended 31 May 2024
Duport Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC385125
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 369 508
369 508
CURRENT ASSETS
Debtors 5 55,439 7,440
Cash at bank and in hand 15,892 15,424
71,331 22,864
Creditors: Amounts Falling Due Within One Year 6 (6,071 ) (4,591 )
NET CURRENT ASSETS (LIABILITIES) 65,260 18,273
TOTAL ASSETS LESS CURRENT LIABILITIES 65,629 18,781
NET ASSETS ATTRIBUTABLE TO MEMBERS 65,629 18,781
REPRESENTED BY:
Loans and other debts due to members
Other amounts 144,331 -
144,331 -
Equity
Members' other interests
Other reserves (78,702) 18,781
(78,702) 18,781
65,629 18,781
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 144,331 -
Members' other interests (78,702) 18,781
65,629 18,781
Page 1
Page 2
For the year ending 31 May 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Laurie Stephens
Designated Member
29/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ingersoll Engineers UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC385125 . The Registered Office is Wittas House Two Rivers, Station Lane, Witney, Oxfordshire, OX28 4BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 1,839
Additions 366
As at 31 May 2024 2,205
Depreciation
As at 1 June 2023 1,331
Provided during the period 505
As at 31 May 2024 1,836
Net Book Value
As at 31 May 2024 369
As at 1 June 2023 508
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55,439 7,440
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Taxation and social security 6,071 4,591
7. Ultimate Controlling Party
The ultimate controlling party during the period: William Stephens
Willam Stephens holds more than 25% but not more than 50% of the voting rights in the LLP.
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