| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements for the Period 6 April 2023 to 28 March 2024 |
| for |
| Web Sales King LLP |
| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements for the Period 6 April 2023 to 28 March 2024 |
| for |
| Web Sales King LLP |
| Web Sales King LLP (Registered number: OC370379) |
| Contents of the Financial Statements |
| for the Period 6 April 2023 to 28 March 2024 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Chartered Accountants' Report | 3 |
| Profit and Loss | 4 |
| Balance Sheet | 5 | to | 6 |
| Reconciliation of Members' Interests | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 10 |
| Web Sales King LLP |
| General Information |
| for the Period 6 April 2023 to 28 March 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Marland House |
| 13 Huddersfield Road |
| Barnsley |
| South Yorkshire |
| S70 2LW |
| Web Sales King LLP (Registered number: OC370379) |
| Report of the Members |
| for the Period 6 April 2023 to 28 March 2024 |
| The members present their report with the financial statements of the Llp for the period 6 April 2023 to 28 March 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the Llp in the period under review was that of management consultancy. |
| 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 £137,629 (2023 - £176,346 profit). |
| MEMBERS' INTERESTS |
| Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP. |
| New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members. |
| ON BEHALF OF THE MEMBERS: |
| Chartered Accountants' Report to the Members |
| on the Unaudited Financial Statements of |
| Web Sales King LLP |
| In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Web Sales King LLP for the period ended 28 March 2024 which comprise the Profit and Loss, Balance Sheet, Reconciliation of Members' Interests and the related notes from the Llp's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the members of Web Sales King LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Web Sales King LLP and state those matters that we have agreed to state to the members of Web Sales King LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Web Sales King LLP and its members, as a body, for our work or for this report. |
| It is your duty to ensure that Web Sales King LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Web Sales King LLP. You consider that Web Sales King LLP is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Web Sales King LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Marland House |
| 13 Huddersfield Road |
| Barnsley |
| South Yorkshire |
| S70 2LW |
| Web Sales King LLP (Registered number: OC370379) |
| Profit and Loss |
| for the Period 6 April 2023 to 28 March 2024 |
| Period |
| 6/4/23 |
| to | Year Ended |
| 28/3/24 | 5/4/23 |
| £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING PROFIT |
| Interest payable and similar expenses |
| PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| Web Sales King LLP (Registered number: OC370379) |
| Balance Sheet |
| 28 March 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
18,724 |
167,811 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
8 |
4,374 |
153,461 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 14,350 | 14,350 |
| 18,724 | 167,811 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 8 | 4,374 | 153,461 |
| Members' other interests | 14,350 | 14,350 |
| Amounts due from members | 6 | (137,660 | ) | - |
| (118,936 | ) | 167,811 |
| Web Sales King LLP (Registered number: OC370379) |
| Balance Sheet - continued |
| 28 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. |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| Web Sales King LLP (Registered number: OC370379) |
| Reconciliation of Members' Interests |
| for the Period 6 April 2023 to 28 March 2024 |
| EQUITY |
| Members' other interests |
| Members' |
| capital |
| (classified |
| as | Other |
| equity) | reserves | Total |
| £ | £ | £ |
| Balance at 6 April 2023 | 14,350 | - | 14,350 |
| Profit for the financial period available for discretionary division among members |
- |
137,629 |
137,629 |
| Members' interests after profit for the period | 14,350 | 137,629 | 151,979 |
| Other divisions of profit | - | (137,629 | ) | (137,629 | ) |
| Introduced by members | - | - | - |
| Drawings on account and distributions of profit | - | - | - |
| Balance at 28 March 2024 | 14,350 | - | 14,350 |
| DEBT | TOTAL |
| Loans and other debts due to | MEMBERS' |
| members less any amounts due | INTERESTS |
| from members in debtors |
| Other |
| amounts | Total |
| £ | £ |
| Amount due to members | 153,461 |
| Amount due from members | - |
| Balance at 6 April 2023 | 153,461 | 167,811 |
| Profit for the financial period available for discretionary division among members |
- |
137,629 |
| Members' interests after profit for the period | 153,461 | 305,440 |
| Other divisions of profit | 137,629 | - |
| Introduced by members | 40,624 | 40,624 |
| Drawings on account and distributions of profit | (465,000 | ) | (465,000 | ) |
| Amount due to members | 4,374 |
| Amount due from members | (137,660 | ) |
| Balance at 28 March 2024 | (133,286 | ) | (118,936 | ) |
| Web Sales King LLP (Registered number: OC370379) |
| Reconciliation of Members' Interests |
| for the Period 6 April 2023 to 28 March 2024 |
| EQUITY |
| Members' other interests |
| Members' |
| capital |
| (classified |
| as | Other |
| equity) | reserves | Total |
| £ | £ | £ |
| Balance at 6 April 2022 | 14,350 | - | 14,350 |
| Profit for the financial period available for discretionary division among members |
- |
176,346 |
176,346 |
| Members' interests after profit for the period | 14,350 | 176,346 | 190,696 |
| Other divisions of profit | - | (176,346 | ) | (176,346 | ) |
| Introduced by members | - | - | - |
| Drawings on account and distributions of profit | - | - | - |
| Balance at 5 April 2023 | 14,350 | - | 14,350 |
| DEBT | TOTAL |
| Loans and other debts due to | MEMBERS' |
| members less any amounts due | INTERESTS |
| from members in debtors |
| Other |
| amounts | Total |
| £ | £ |
| Amount due to members | 89,422 |
| Amount due from members | - |
| Balance at 6 April 2022 | 89,422 | 103,772 |
| Profit for the financial period available for discretionary division among members |
- |
176,346 |
| Members' interests after profit for the period | 89,422 | 280,118 |
| Other divisions of profit | 176,346 | - |
| Introduced by members | 99,222 | 99,222 |
| Drawings on account and distributions of profit | (211,529 | ) | (211,529 | ) |
| Amount due to members | 153,461 |
| Amount due from members | - |
| Balance at 5 April 2023 | 153,461 | 167,811 |
| Web Sales King LLP (Registered number: OC370379) |
| Notes to the Financial Statements - continued |
| for the Period 6 April 2023 to 28 March 2024 |
| 1. | STATUTORY INFORMATION |
| Web Sales King LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| The presentation and functional currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis under the historical cost convention. |
| Significant judgements and estimates |
| The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| 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. |
| 4. | EMPLOYEE INFORMATION |
| The average number of employees during the period was NIL (2023 - NIL). |
| Web Sales King LLP (Registered number: OC370379) |
| Notes to the Financial Statements - continued |
| for the Period 6 April 2023 to 28 March 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 6 April 2023 |
| Additions |
| At 28 March 2024 |
| DEPRECIATION |
| At 6 April 2023 |
| and 28 March 2024 |
| NET BOOK VALUE |
| At 28 March 2024 |
| At 5 April 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors | ( |
) |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| The loans and other debts due to members' (other than members' capital classified as debt) rank equal in relation to other creditors. |