Registered No. OC373533 (England and Wales)
B&M Tax Accountants LLP
Unaudited accounts
for the year ended 31 March 2023
B&M Tax Accountants LLP
LLP Information
for the year ended 31 March 2023
Designated members
Mr Steve Bee
Registered Number
OC373533 (England and Wales)
Registered Office
Aberdeen House
South Road
Haywards Heath
West Sussex
RH16 4NG
B&M Tax Accountants LLP
Statement of financial position
as at 31 March 2023
Tangible assets
2,406
6,436
Inventories
65,530
101,150
Cash at bank and in hand
167,260
162,745
Creditors: amounts falling due within one year
(25,844)
(44,780)
Net current assets
263,605
329,326
Net assets attributable to members
266,011
335,762
Loans and other debts due to members
266,011
335,762
Loans and other debts due to members
266,011
335,762
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 9 May 2023.
Mr Peter Waterman
Designated member
Limited Liability Partnership Registration No. OC373533
B&M Tax Accountants LLP
Notes to the Accounts
for the year ended 31 March 2023
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Work in progress is valued in accordance with UITF40 and therefore includes the profit element.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
20% straight line
Fixtures & fittings
25% reducing balance
Computer equipment
25% straightline
B&M Tax Accountants LLP is a limited liability partnership, incorporated in England and Wales, registration number OC373533. Its registered office is Aberdeen House, South Road, Haywards Heath, West Sussex, RH16 4NG.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
12,598
13,999
3,990
19,350
49,937
At 31 March 2023
12,797
13,999
3,990
19,350
50,136
At 1 April 2022
11,338
11,200
2,915
18,048
43,501
Charge for the year
447
2,799
268
715
4,229
At 31 March 2023
11,785
13,999
3,183
18,763
47,730
At 31 March 2023
1,012
-
807
587
2,406
At 31 March 2022
1,260
2,799
1,075
1,302
6,436
B&M Tax Accountants LLP
Notes to the Accounts
for the year ended 31 March 2023
4
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,047
2,371
Taxes and social security costs
21,797
26,537
5
Loans and other debts due to members
2023
2022
Members' capital classified as a liability
17,034
17,034
Amounts due to members in respect of profits
248,977
318,728
Amounts falling due within one year
266,011
335,762
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).