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REGISTERED NUMBER: OC415422 (England and Wales)
















Financial Statements

for the Year Ended 31 May 2024

for

Provac Consulting LLP

Provac Consulting LLP (Registered number: OC415422)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

General Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Provac Consulting LLP

General Information
for the Year Ended 31 May 2024







DESIGNATED MEMBERS: M J Norton
A P Norton
N J Robbins
D C Yiend





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: OC415422 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Provac Consulting LLP

Report of the Accountants to the Members of
Provac Consulting LLP


The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on page nil and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






GCSD Accountants Limited


22 January 2025

Provac Consulting LLP (Registered number: OC415422)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 16,185 40,228
Cash at bank 49,183 14,544
65,368 54,772
CREDITORS
Amounts falling due within one year 5 11,270 11,768
NET CURRENT ASSETS 54,098 43,004
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 54,098 43,004

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

54,098

43,004

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 54,098 43,004

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 year ended 31 May 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.

Provac Consulting LLP (Registered number: OC415422)

Balance Sheet - continued
31 May 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 22 January 2025 and were signed by:





D C Yiend - Designated member

Provac Consulting LLP (Registered number: OC415422)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Provac Consulting 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.

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 year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,119 30,826
Other debtors 10,066 9,402
16,185 40,228

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 252 7,305
Taxation and social security 7,493 2,963
Other creditors 3,525 1,500
11,270 11,768

Provac Consulting LLP (Registered number: OC415422)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 44,456 48,071
Between one and five years 52,306 42,647
96,762 90,718

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 54,098 43,004

Falling due within one year 54,098 43,004

The members rank pari passu with other unsecured creditors of the LLP.