OJ Stuff LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC439291

OJ Stuff LLP

Filleted Unaudited Financial Statements

5 April 2025

OJ Stuff LLP

Financial Statements

Year ended 5 April 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

OJ Stuff LLP

Balance Sheet

5 April 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	10,857	14,933
Tangible assets	6	44,369	45,162
		--------	--------
		55,226	60,095

Current assets

Debtors	7	552,559	439,751
Cash at bank and in hand		15,604	153,873
		---------	---------
		568,163	593,624

Creditors: amounts falling due within one year	8	67,787	25,917
		---------	---------
Net current assets		500,376	567,707
		---------	---------
Total assets less current liabilities		555,602	627,802

Creditors: amounts falling due after more than one year	9	14,128	20,805
		---------	---------
Net assets		541,474	606,997
		---------	---------

Represented by:

Loans and other debts due to members

Other amounts	10	541,474	606,997
		---------	---------

Members' other interests

Other reserves	–	–
	---------	---------
	541,474	606,997
	---------	---------

Total members' interests

Loans and other debts due to members	10	541,474	606,997
Members' other interests		–	–
		---------	---------
		541,474	606,997
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 5 April 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

OJ Stuff LLP

Balance Sheet (continued)

5 April 2025

These financial statements were approved by the members and authorised for issue on 19 December 2025 , and are signed on their behalf by:

Mr O Jeffers	Mrs S Jeffers
Designated Member	Designated Member

Registered number: OC439291

OJ Stuff LLP

Notes to the Financial Statements

Year ended 5 April 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the balance sheet.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the balance sheet.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the balance sheet within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the balance sheet within 'Members' other interests'.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website development	-	Straight line over 3 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 2 (2024: 2 ).

5.	Intangible assets

	Patents, trademarks and licences	Website development	Total
	£	£	£
Cost
At 6 April 2024	–	22,400	22,400
Additions	3,390	–	3,390
	-------	--------	--------
At 5 April 2025	3,390	22,400	25,790
	-------	--------	--------
Amortisation
At 6 April 2024	–	7,467	7,467
Charge for the year	–	7,466	7,466
	-------	--------	--------
At 5 April 2025	–	14,933	14,933
	-------	--------	--------
Carrying amount
At 5 April 2025	3,390	7,467	10,857
	-------	--------	--------
At 5 April 2024	–	14,933	14,933
	-------	--------	--------

6.	Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 6 April 2024	36,199	35,914	72,113
Additions	13,998	–	13,998
	--------	--------	--------
At 5 April 2025	50,197	35,914	86,111
	--------	--------	--------
Depreciation
At 6 April 2024	11,239	15,712	26,951
Charge for the year	9,740	5,051	14,791
	--------	--------	--------
At 5 April 2025	20,979	20,763	41,742
	--------	--------	--------
Carrying amount
At 5 April 2025	29,218	15,151	44,369
	--------	--------	--------
At 5 April 2024	24,960	20,202	45,162
	--------	--------	--------

7.	Debtors

	2025	2024
	£	£
Trade debtors	11,507	13,277
Other debtors	541,052	426,474
	---------	---------
	552,559	439,751
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,221	2,682
Accruals and deferred income	12,610	11,330
Social security and other taxes	3,792	3,899
Obligations under finance leases and hire purchase contracts	4,465	4,465
Other creditors	44,699	3,541
	--------	--------
	67,787	25,917
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	14,128	20,805
	--------	--------

10.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	541,474	606,997
	---------	---------