Isles & Storer Accountants LLP
|
Registered Number
:
OC
350219
|
For the year ended 31 March 2018
England and Wales
Report of the Members and Unaudited Financial Statements
For the year ended 31 March 2018
Isles & Storer Accountants LLP
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Isles & Storer Accountants LLP
Statement of Financial Position
2017
2018
-
50,000
3
Property
,
plant and equipment
|
39,110
12,210
4
39,110
62,210
Trade and other receivables
|
11,719
14,457
5
5,376
3,956
Cash and cash equivalents
|
19,833
15,675
Trade and other payables
:
amounts falling due within one
|
year
|
(34,894)
(49,742)
6
(19,219)
(29,909)
Net current liabilities
Total assets less current liabilities
|
9,201
42,991
Trade and other payables
:
amounts falling due after more
|
than one year
|
(43,695)
(13,703)
7
(4,502)
Net liabilities attributable to members
(704)
Members
'
other interests
|
5,113
2,742
(9,615)
(3,446)
(4,502)
(704)
(4,502)
(704)
Total members
'
interests
|
Members
'
other interests
|
(4,502)
(704)
(4,502)
(704)
For the year ended 31 March 2018 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 to 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
.
|
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
|
1 of 5
For the year ended 31 March 2018
Isles & Storer Accountants LLP
Statement of Financial Position Continued
Mr Andrew IslesDesignated Member Director
|
These financial statements were approved by the members on 12 December 2018 and signed on their behalf by:
2 of 5
For the year ended 31 March 2018
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
2018
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
|
2018
2017
1,118
952
3 of 5
For the year ended 31 March 2018
Isles & Storer Accountants LLP
Notes to the Financial Statements Continued
3
.
Intangible fixed assets
|
Goodwill
50,000
(50,000)
-
-
50,000
4
.
Property
,
plant and equipment
|
Motor vehicles
26,367
8,367
18,000
43,490
2,144
41,346
59,346
10,511
69,857
Provision for depreciation and impairment
|
14,157
6,957
7,200
Charge for year
16,590
3,553
13,037
30,747
10,510
20,237
39,109
1
39,110
10,800
1,410
12,210
5
.
Trade and other receivables
|
2018
2017
14,457
11,719
6
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
34,108
8,639
Bank loans and overdrafts (secured)
(1)
1
Taxation and social security
|
8,283
7,599
7,352
18,655
49,742
34,894
4 of 5
For the year ended 31 March 2018
Isles & Storer Accountants LLP
Notes to the Financial Statements Continued
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2018
2017
13,703
43,695
5 of 5