Registration number:
Crossfit Clitheroe LLP
for the Year Ended 31 August 2024
Crossfit Clitheroe LLP
Contents
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
Crossfit Clitheroe LLP
(Registration number: OC363136)
Balance Sheet as at 31 August 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets attributable to members |
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Represented by: |
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Members’ other interests |
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Members' capital classified as equity |
341,297 |
286,894 |
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Other reserves |
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420,699 |
359,304 |
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420,699 |
359,304 |
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Total members' interests |
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Equity |
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420,699 |
359,304 |
Crossfit Clitheroe LLP
(Registration number: OC363136)
Balance Sheet as at 31 August 2024
For the year ending 31 August 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
The financial statements of Crossfit Clitheroe LLP (registered number OC363136) were approved by the
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Crossfit Clitheroe LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
General information and basis of accounting
The limited liability partnership is incorporated in England under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Crossfit Clitheroe LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Revenue recognition
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Taxation
The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.
other taxes policy
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
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Asset class |
Depreciation method and rate |
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Freehold property |
10% per annum on cost basis |
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Plant and machinery |
25% per annum on cost basis |
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Fixtures and fittings |
25% per annum on cost basis |
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Motor vehicles |
25% per annum on cost basis |
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
Crossfit Clitheroe LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Particulars of employees |
The average number of persons employed by the limited liability partnership during the year was
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Tangible fixed assets |
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Freehold land and buildings |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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Cost |
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At 1 September 2023 |
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At 31 August 2024 |
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Depreciation |
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At 1 September 2023 |
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Charge for the year |
- |
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At 31 August 2024 |
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Net book value |
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At 31 August 2024 |
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- |
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At 31 August 2023 |
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Stocks |
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2024 |
2023 |
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Stocks |
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Crossfit Clitheroe LLP
Notes to the Financial Statements for the Year Ended 31 August 2024
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Debtors |
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2024 |
2023 |
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Other debtors |
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Total current trade and other debtors |
489,679 |
415,438 |
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Creditors: Amounts falling due within one year |
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2024 |
2023 |
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Bank loans and overdrafts |
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Other creditors |
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Accruals and deferred income |
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Taxation and social security |
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Creditors: Amounts falling due after more than one year |
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2024 |
2023 |
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Bank loans and overdrafts |
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Other creditors |
- |
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