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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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SIMPLY LOCAL WILLENHALL LLP |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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SIMPLY LOCAL WILLENHALL LLP |
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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SIMPLY LOCAL WILLENHALL LLP |
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GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
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DESIGNATED MEMBERS: |
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Mrs Sukhjit Kaur |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
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BALANCE SHEET |
31 MARCH 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
86,922 |
54,448 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
10 |
86,922 |
54,448 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 86,922 | 54,448 |
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The members acknowledge their responsibilities for: |
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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 |
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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. |
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
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BALANCE SHEET - continued |
31 MARCH 2019 |
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In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered. |
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The financial statements were approved by the members of the LLP on
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SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Simply Local Willenhall LLP is registered in England and Wales. The LLP's registered number and registered |
office address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Pension costs and other post-retirement benefits |
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme |
are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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5. | STOCKS |
31.3.19 | 31.3.18 |
£ | £ |
Stocks |
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6. | DEBTORS |
31.3.19 | 31.3.18 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Prepayments and accrued income |
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Deposit Co op Cheltenham |
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G K Investments UK Limited | 196,354 | 203,544 |
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Amounts falling due after more than one year: |
Drinksworld Limited | 521,030 | 441,030 |
Central Drinks LLP | (1,000 | ) | 5,400 |
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Aggregate amounts |
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SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans and overdrafts (see note 9) |
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Other loans (see note 9) |
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Hire purchase contracts |
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Trade creditors |
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Social security and other taxes |
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Pensions control account | 58 | 305 |
VAT | 1,456 | 4,948 |
Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans (see note 9) |
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Other loans (see note 9) |
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Hire purchase contracts |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 222,627 | 244,306 |
Hire purchase | 21,027 | - |
243,654 | 244,306 |
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9. | LOANS |
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An analysis of the maturity of loans is given below: |
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31.3.19 | 31.3.18 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
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Bank loans - less than 1 yr | 24,279 | 24,279 |
Drinksworld Sukhraj | 30,363 | - |
Simply Fresh Travel Ltd | 80,974 | 186,793 |
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SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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9. | LOANS - continued |
31.3.19 | 31.3.18 |
£ | £ |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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Loans | 51,537 |
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Simply Fresh & Simply Local Lt | 77,695 | 69,800 |
Merrivale Court Ltd | - | 107,189 |
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Amounts falling due between two and five years: |
Bank loans - 2-5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 222,627 | 244,306 |
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10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.19 | 31.3.18 |
£ | £ |
Amounts owed to members in respect of profits | 86,922 | 54,448 |
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Falling due within one year | 86,922 | 54,448 |