REGISTERED NUMBER: |
Report of the Members and |
Unaudited Financial Statements |
for the Period 1 December 2022 to 31 March 2024 |
for |
Dart Cubicles LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
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 |
Cost of sales |
GROSS PROFIT |
Distribution costs |
Administrative expenses |
2,228,100 | 1,834,516 |
OPERATING PROFIT |
Interest payable and similar expenses |
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 |
Dart Cubicles LLP (Registered number: OC376041) |
Balance Sheet |
31 March 2024 |
31.3.24 | 30.11.22 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 |
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 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 December 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 November 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.11.22 |
£ | £ |
Trade debtors |
Amounts recoverable on contract |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 30.11.22 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
Hire purchase contracts |
Other tax and social security |
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 |
10. | OTHER FINANCIAL COMMITMENTS |
The total aggregate amounts payable under non-cancellable operating leases is £92,055 (2022 £nil). |