|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
|
FOR |
|
SIMPLY LOCAL WILLENHALL LLP |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
|
FOR |
|
SIMPLY LOCAL WILLENHALL LLP |
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
General Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
SIMPLY LOCAL WILLENHALL LLP |
|
GENERAL INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: | Mrs Sukhjit Kaur |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
|
BALANCE SHEET |
31 MARCH 2020 |
|
31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks | 5 |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
|
|
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
115,379 |
86,585 |
|
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
10 |
115,379 |
86,585 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 10 | 115,379 | 86,585 |
Amounts due from members | 6 | - | (3,523 | ) |
115,379 | 83,062 |
|
|
|
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 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) |
|
BALANCE SHEET - continued |
31 MARCH 2020 |
|
|
|
|
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. |
|
The financial statements were approved by the members of the LLP and authorised for issue on
|
|
|
|
|
|
|
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
1. | STATUTORY INFORMATION |
|
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. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
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. |
|
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. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was
|
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
|
|
|
Additions |
|
|
|
At 31 March 2020 |
|
|
|
DEPRECIATION |
At 1 April 2019 |
|
|
|
Charge for year |
|
|
|
At 31 March 2020 |
|
|
|
NET BOOK VALUE |
At 31 March 2020 |
|
|
|
At 31 March 2019 |
|
|
|
|
5. | STOCKS |
31.3.20 | 31.3.19 |
£ | £ |
Stocks |
|
|
|
6. | DEBTORS |
31.3.20 | 31.3.19 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
|
|
Amounts due from members | - | 3,523 |
Other debtors |
|
|
VAT |
|
|
Prepayments and accrued income | ( |
) |
|
Capital Law Solicitors |
|
|
Deposit Co op Cheltenham |
|
|
Simply Fresh Travel Ltd | (444,693 | ) | (186,793 | ) |
G K Investments UK Limited | 166,330 | 203,544 |
( |
) |
|
|
Amounts falling due after more than one year: |
Drinksworld Limited | 793,486 | 650,796 |
Central Drinks LLP | 16,445 | (1,000 | ) |
|
|
|
Aggregate amounts |
|
|
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans and overdrafts (see note 9) |
|
|
Other loans (see note 9) |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
Pensions control account | 181 | 100 |
Other creditors |
|
|
Accrued expenses |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Bank loans (see note 9) |
|
|
Other loans (see note 9) |
|
|
Hire purchase contracts |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | - | 226,362 |
|
9. | LOANS |
|
An analysis of the maturity of loans is given below: |
|
31.3.20 | 31.3.19 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans - less than 1 yr | 36,915 | 36,915 |
Simply Fresh Travel Ltd | - | 201,160 |
|
|
|
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
|
|
Simply Fresh & Simply Local Lt | 88,095 | 77,695 |
Merrivale Court Ltd | 77,589 | 107,189 |
|
|
SIMPLY LOCAL WILLENHALL LLP (REGISTERED NUMBER: OC375850) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
|
|
9. | LOANS - continued |
31.3.20 | 31.3.19 |
£ | £ |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | - | 226,362 |
|
10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
31.3.20 | 31.3.19 |
£ | £ |
Amounts owed to members in respect of profits | 115,379 | 86,585 |
|
Falling due within one year | 115,379 | 86,585 |