Registered number
OC400603
KBS Accounting LLP
Filleted Accounts
30 September 2024
KBS Accounting LLP
Registered number: OC400603
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 100,000 100,000
Tangible assets 4 9,302 9,710
109,302 109,710
Current assets
Debtors 5 102,669 132,635
Cash at bank and in hand 63,261 43,888
165,930 176,523
Creditors: amounts falling due within one year 6 (22,369) (14,596)
Net current assets 143,561 161,927
Total assets less current liabilities 252,863 271,637
Net assets attributable to members 252,863 271,637
Represented by:
Members' other interests
Members' capital classified as equity 18 14
Other reserves 252,845 271,623
252,863 271,637
252,863 271,637
Total members' interests
Members' other interests 252,863 271,637
252,863 271,637
For the year ended 30 September 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 9 June 2025 and signed on their behalf by:
Scalata Investimenti s.r.l
Designated member
KBS Accounting LLP
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 100,000
At 30 September 2024 100,000
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 100,000
At 30 September 2023 100,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 37,420
Additions 508
At 30 September 2024 37,928
Depreciation
At 1 October 2023 27,710
Charge for the year 916
At 30 September 2024 28,626
Net book value
At 30 September 2024 9,302
At 30 September 2023 9,710
5 Debtors 2024 2023
£ £
Other debtors 1,500 900
Trade debtors & work in progress 101,169 131,735
102,669 132,635
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 15,390 10,646
Other taxes and social security costs 6,979 3,950
22,369 14,596
7 Other information
KBS Accounting LLP is a limited liability partnership incorporated in England. Its registered office is:
Suite 307
76 Kings Street
Manchester
M2 4NH
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