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REGISTERED NUMBER: OC310944 (England and Wales)
















FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

FOR


J & J NORMAN LLP



J & J NORMAN LLP (REGISTERED NUMBER: OC310944)








CONTENTS OF THE FINANCIAL STATEMENTS

For The Period 1 May 2023 to 31 March 2024





Page




General Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





J & J NORMAN LLP



GENERAL INFORMATION

For The Period 1 May 2023 to 31 March 2024









DESIGNATED MEMBERS:

Mrs J Norman


J W Norman







REGISTERED OFFICE:

900, Cornwallis House


Howard Chase


Basildon


Essex


SS14 3BB







REGISTERED NUMBER:

OC310944 (England and Wales)







ACCOUNTANTS:

Wilshers


900, Cornwallis House


Howard Chase


Basildon


Essex


SS14 3BB



J & J NORMAN LLP (REGISTERED NUMBER: OC310944)



BALANCE SHEET

31 March 2024



31.3.24

30.4.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

142,845


154,389




CURRENT ASSETS

Stocks

3,999


5,429



Debtors

5

1,405


2,404



Cash in hand

29,832


26,764



35,236


34,597



CREDITORS

Amounts falling due within one year

6

190,379


95,356



NET CURRENT LIABILITIES

(155,143

)

(60,759

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

(12,298)


93,630




CREDITORS

Amounts falling due after more than one year

7

(12,172)


(21,442)



NET ASSETS (LIABILITIES) ATTRIBUTABLE TO MEMBERS


(24,470)



72,188




AMOUNTS DUE FROM MEMBERS

(24,470)


72,188




TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

(24,470)


72,188




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 period ended 31 March 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.



J & J NORMAN LLP (REGISTERED NUMBER: OC310944)



BALANCE SHEET - continued

31 March 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 16 April 2025 and were signed by:






Mrs J Norman - Designated member



J & J NORMAN LLP (REGISTERED NUMBER: OC310944)



NOTES TO THE FINANCIAL STATEMENTS

For The Period 1 May 2023 to 31 March 2024


1.

STATUTORY INFORMATION



J & J Norman 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 represents net income from the operation of amusement arcades, excluding value added tax.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Plant and machinery

-

25% on reducing balance


Motor vehicles

-

25% on reducing balance



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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.


Pension costs and other post-retirement benefits

The LLP operates a workplace pension scheme. Contributions payable to the scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEE INFORMATION



The average number of employees during the period was 4 (2023 - 5 ) .


4.

TANGIBLE FIXED ASSETS


Plant and


Motor



machinery


vehicles


Totals

£   

£   

£   



COST


At 1 May 2023

352,428


49,570


401,998




Additions

17,065


9,890


26,955




At 31 March 2024

369,493


59,460


428,953




DEPRECIATION


At 1 May 2023

246,590


1,019


247,609




Charge for period

26,532


11,967


38,499




At 31 March 2024

273,122


12,986


286,108




NET BOOK VALUE


At 31 March 2024

96,371


46,474


142,845




At 30 April 2023

105,838


48,551


154,389





J & J NORMAN LLP (REGISTERED NUMBER: OC310944)



NOTES TO THE FINANCIAL STATEMENTS - continued

For The Period 1 May 2023 to 31 March 2024


5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


30.4.23

£   

£   










Debtors and prepayments

1,405


2,404




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


30.4.23

£   

£   



Bank loans and overdrafts

70,034


37,679




Machine Games Duty

2,019


4,896




Social security and other taxes

(159

)

163




VAT

3,990


9,987




Loans Associated Companies

61,549


(1,321

)



Creditors and accruals

52,946


43,952



190,379


95,356




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.3.24


30.4.23

£   

£   



Bank loans - 1-2 years

10,502


10,245




Bank loans - 2-5 years

1,670


11,197



12,172


21,442