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REGISTERED NUMBER: OC376041 (England and Wales)












Report of the Members and

Unaudited Financial Statements

for the Period 1 December 2022 to 31 March 2024

for

Dart Cubicles LLP

Dart Cubicles LLP (Registered number: OC376041)






Contents of the Financial Statements
for the period 1 December 2022 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 7


Dart Cubicles LLP

General Information
for the period 1 December 2022 to 31 March 2024







DESIGNATED MEMBERS: A Thorpe





REGISTERED OFFICE: Unit 33
Caldervale Business Park
Huddersfield Road
Dewsbury
West Yorkshire





REGISTERED NUMBER: OC376041 (England and Wales)





ACCOUNTANTS: Beaumonts Partnership Limited
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

Dart Cubicles LLP (Registered number: OC376041)

Report of the Members
for the period 1 December 2022 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 December 2022 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of production of washroom cubicles and associated panel products.

DESIGNATED MEMBERS
The designated members during the period under review were:

A Thorpe
D Thorpe

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £211,654 (2022 - £186,136 profit).

MEMBERS' INTERESTS
The profits of the Limited Liability Partnership shall be payable to the members in proportions as per the members' agreement.

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set to take into account working capital and other needs of the business.

This report has been prepared in accordance with the special provisions of Part 15 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 small LLPs.

ON BEHALF OF THE MEMBERS:





A Thorpe - Designated member


8 May 2025

Dart Cubicles LLP (Registered number: OC376041)

Income Statement
for the period 1 December 2022 to 31 March 2024

Period Year Ended
1.12.22 to 31.3.24 30.11.22
Notes £    £    £   

TURNOVER 5,898,730 4,526,779

Cost of sales 2,603,557 2,010,612
GROSS PROFIT 3,295,173 2,516,167

Distribution costs 189,769 133,150
Administrative expenses 2,038,331 1,701,366
2,228,100 1,834,516
OPERATING PROFIT 1,067,073 681,651


Interest payable and similar expenses 855,419 495,515
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


211,654


186,136

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


211,654


186,136

Members' remuneration charged as an
expense

4

(211,654

)

(174,767

)
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS


-


11,369

Dart Cubicles LLP (Registered number: OC376041)

Balance Sheet
31 March 2024

31.3.24 30.11.22
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 350,558 453,711

CURRENT ASSETS
Stocks 49,368 73,109
Debtors 6 5,150,684 4,634,305
Cash at bank and in hand 21,562 46,772
5,221,614 4,754,186
CREDITORS
Amounts falling due within one year 7 3,821,989 3,638,353
NET CURRENT ASSETS 1,399,625 1,115,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,183

1,569,544

CREDITORS
Amounts falling due after more than one year 8 1,053,193 914,434
NET ASSETS ATTRIBUTABLE TO MEMBERS 696,990 655,110

LOANS AND OTHER DEBTS DUE TO
MEMBERS

234,947

193,067

MEMBERS' OTHER INTERESTS
Capital accounts 462,043 462,043
696,990 655,110

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 234,947 193,067
Members' other interests 462,043 462,043
Amounts due from members 6 (3,777,564 ) (3,316,511 )
(3,080,574 ) (2,661,401 )

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.

Dart Cubicles LLP (Registered number: OC376041)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 8 May 2025 and were signed by:





A Thorpe - Designated member

Dart Cubicles LLP (Registered number: OC376041)

Reconciliation of Members' Interests
for the period 1 December 2022 to 31 March 2024


Also included in other debtors is £564,994 (2022 - £564,994) and included in other creditors is £18,394 (2022 - £18,394) due from and to the members.

Dart Cubicles LLP (Registered number: OC376041)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 March 2024

1. STATUTORY INFORMATION

Dart Cubicles 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.

Going Concern
The designated members are of the opinion, taking into account all the information that could reasonably be expected to be available to them, that it is appropriate to prepare the financial statements on a going concern basis, on the assumption of the continued support of the LLP's bankers, suppliers and its members. Should this not be the case, adjustments would have to be made to reduce the values of net assets to their recoverable amount, to provide for any further liabilities which may arise and to reclassify fixed assets as current assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable in respect of production of washroom cubicles and associated panel products relating to the period, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance and Straight line over 3 years
Plant and machinery - 15% on reducing balance and Straight line over 3 years
Fixtures and fittings - 15% on reducing balance and Straight line over 3 years
Motor vehicles - 20% 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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those assets held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 26 (2022 - 29 ) .

Dart Cubicles LLP (Registered number: OC376041)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 March 2024

4. INFORMATION IN RELATION TO MEMBERS
Period
1.12.22
to Year Ended
31.3.24 30.11.22
£    £   
Members' remuneration charged as an expense
Members fixed profit share 211,654 174,767

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 13,050 407,159 70,633 283,631 774,473
Additions 4,000 61,799 1,200 - 66,999
Disposals (10,289 ) (86,013 ) (31,507 ) (72,510 ) (200,319 )
At 31 March 2024 6,761 382,945 40,326 211,121 641,153
DEPRECIATION
At 1 December 2022 6,494 197,623 40,861 75,784 320,762
Charge for period 1,551 48,210 6,048 55,426 111,235
Eliminated on disposal (5,400 ) (64,007 ) (22,353 ) (49,642 ) (141,402 )
At 31 March 2024 2,645 181,826 24,556 81,568 290,595
NET BOOK VALUE
At 31 March 2024 4,116 201,119 15,770 129,553 350,558
At 30 November 2022 6,556 209,536 29,772 207,847 453,711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade debtors 547,914 489,722
Amounts recoverable on contract - 4,954
Other debtors 4,602,770 4,139,629
5,150,684 4,634,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Bank loans and overdrafts 700,938 664,704
Hire purchase contracts 82,730 93,998
Trade creditors 665,014 439,338
Taxation and social security 304,609 340,721
Other creditors 2,068,698 2,099,592
3,821,989 3,638,353

Dart Cubicles LLP (Registered number: OC376041)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 30.11.22
£    £   
Bank loans 304,234 305,775
Hire purchase contracts 111,334 169,329
Other tax and social security 637,625 439,330
1,053,193 914,434

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 30.11.22
£    £   
Hire purchase contracts 194,064 263,327
Debt factoring 481,883 406,470
Other loans 1,005,172 970,479
1,681,119 1,640,276

10. OTHER FINANCIAL COMMITMENTS

The total aggregate amounts payable under non-cancellable operating leases is £92,055 (2022 £nil).