Isles & Storer Accountants LLP
|
Registered Number
:
OC
350219
|
For the year ended 31 March 2017
England and Wales
Report of the Members and Unaudited Financial Statements
For the year ended 31 March 2017
Isles & Storer Accountants LLP
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
Isles & Storer Accountants LLP
Statement of Financial Position
2016
2017
50,000
50,000
3
Property
,
plant and equipment
|
12,210
17,290
4
62,210
67,290
Trade and other receivables
|
5,057
11,719
5
3,956
4,429
Cash and cash equivalents
|
15,675
9,486
Trade and other payables
:
amounts falling due within one
|
year
|
(37,296)
(34,894)
6
(27,810)
(19,219)
Net current liabilities
Total assets less current liabilities
|
42,991
39,480
Trade and other payables
:
amounts falling due after more
|
than one year
|
(64,026)
(43,695)
7
(704)
Net liabilities attributable to members
(24,546)
Loans and other debts due to members
|
-
(28,017)
Members
'
other interests
|
2,742
-
(3,446)
3,471
(704)
3,471
(704)
(24,546)
Total members
'
interests
|
Loans and other debts due to members
|
0
(28,017)
Members
'
other interests
|
(704)
3,471
(704)
(24,546)
For the year ended 31 March 2017 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:(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 affair of the LLP as at the end of each
|
financial year and of its profit or loss for each 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
|
Liabilities Partnerships
(
Accounts and Audit
) (
Application of Companies Act
2006
)
Regulations
2008
relating the the
|
financial statements
,
so far as applicable to the LLP
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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For the year ended 31 March 2017
Isles & Storer Accountants LLP
Statement of Financial Position Continued
These financial statements have been prepared in accordance with the 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 and with Section 1A of Financial Reporting Standard 102 (effective 1 January 2015).
|
Mr Andrew IslesDesignated Member Director
|
These financial statements were approved by the members on 15 May 2017 and signed on their behalf by:
2 of 5
For the year ended 31 March 2017
Isles & Storer Accountants LLP
Notes to the Financial Statements
Statutory Information
Isles
&
Storer Accountants LLP is a limited liability partnership
,
domiciled in England and Wales
,
registration number
|
OC
350219
.
|
Bank House
129 High Street
Ipswich
Suffolk
IP6 8DH
The presentation currency is £ sterling
.
|
Basis of preparation
The report and financial statements for the year ended
31
March
2017
have been prepared under the historical cost
|
convention and in accordance with the Section
1
A of Financial Reporting Standard
102
'
The Financial Reporting
|
Standard applicable in the UK and Republic of Ireland
'
and the Statement of Recommended Practice
"
Accounting by
|
Limited Liability Partnerships
".
|
Turnover
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor vehicles
Fixtures and fittings
Stock
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2
.
Interest payable and similar charges
|
2017
2016
650
1,118
3 of 5
For the year ended 31 March 2017
Isles & Storer Accountants LLP
Notes to the Financial Statements Continued
3
.
Intangible fixed assets
|
Goodwill
50,000
50,000
50,000
50,000
4
.
Property
,
plant and equipment
|
Motor vehicles
26,367
8,367
18,000
18,000
8,367
26,367
Provision for depreciation and impairment
|
9,077
5,477
3,600
Charge for year
5,080
1,480
3,600
14,157
6,957
7,200
10,800
1,410
12,210
14,400
2,890
17,290
5
.
Trade and other receivables
|
2017
2016
11,719
5,057
6
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
8,639
12,639
Bank loans and overdrafts (secured)
1
1
Taxation and social security
|
7,599
6,801
18,655
17,855
34,894
37,296
4 of 5
For the year ended 31 March 2017
Isles & Storer Accountants LLP
Notes to the Financial Statements Continued
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2016
43,695
64,026
8
.
Retirement benefits due to former members
|
The company is limited by guarantee and therefore has no shares
5 of 5