Limited Liability Partnership registration number OC416113 (England and Wales)
PAR VENDING LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
PAR VENDING LLP
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PAR VENDING LLP (REGISTERED NUMBER: OC416113)
BALANCE SHEET
AS AT 5 APRIL 2024
05 April 2024
- 1 -
05 April 2024
30 April 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,716
30,234
Current assets
Stocks
7,000
10,000
Cash at bank and in hand
-
238
7,000
10,238
Creditors: amounts falling due within one year
4
(17,257)
(16,670)
Net current liabilities
(10,257)
(6,432)
Total assets less current liabilities and net assets attributable to members
14,459
23,802
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
14,459
23,802

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

For the financial year ended 5 April 2024 the limited liability partnership 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) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 28 January 2025 and are signed on their behalf by:
28 January 2025
M Smart
Designated member
PAR VENDING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 2 -
1
Accounting policies
Limited liability partnership information

PAR Vending LLP is a limited liability partnership incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, United Kingdom, ME19 6JU.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

PAR VENDING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 25% on reducing balance
Motor vehicles
- 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of current tax and deferred tax incurred by subsidiary companies. The LLP is not, itself, subject to corporation tax.

 

 

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2024
2023
Number
Number
Total
1
1
PAR VENDING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023
50,551
18,770
69,321
Additions
2,314
-
2,314
At 5 April 2024
52,865
18,770
71,635
Depreciation and impairment
At 1 May 2023
31,871
7,216
39,087
Depreciation charged in the year
4,944
2,888
7,832
At 5 April 2024
36,815
10,104
46,919
Carrying amount
At 5 April 2024
16,050
8,666
24,716
At 30 April 2023
18,680
11,554
30,234
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
48
-
Trade creditors
1,416
3,815
Taxation and social security
275
1,106
Other creditors
15,518
11,749
17,257
16,670
5
Related party transactions

At the balance sheet date the LLP owed £11,328 (2022: £9,704) to a connected company under common control.

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