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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 31 January 2022 |
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Avl Trade Sales LLP |
REGISTERED NUMBER:
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Report of the Members and |
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Unaudited Financial Statements for the Year Ended 31 January 2022 |
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Avl Trade Sales LLP |
Avl Trade Sales LLP (Registered number: OC382020) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2022 |
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General Information | 1 |
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Report of the Members | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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Avl Trade Sales LLP |
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General Information |
for the Year Ended 31 January 2022 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Switch House |
City West Business Park |
St John's Road |
Meadowfield |
Durham |
DH7 8ER |
Avl Trade Sales LLP (Registered number: OC382020) |
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Report of the Members |
for the Year Ended 31 January 2022 |
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The members present their report with the financial statements of the LLP for the year ended 31 January 2022. |
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PRINCIPAL ACTIVITY |
The principal activity of the LLP in the year under review was that of |
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DESIGNATED MEMBERS |
The designated members during the year under review were: |
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RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
The profit for the year before members' remuneration and profit shares was £33,990 (2021 - £72,067 profit). |
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MEMBERS' INTERESTS |
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ON BEHALF OF THE MEMBERS: |
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Avl Trade Sales LLP (Registered number: OC382020) |
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Income Statement |
for the Year Ended 31 January 2022 |
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31.1.22 | 31.1.21 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS LOSS | ( |
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Administrative expenses |
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(919,528 | ) | (1,362,976 | ) |
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Other operating income |
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OPERATING PROFIT | 4 |
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Interest receivable and similar
income |
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PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
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Avl Trade Sales LLP (Registered number: OC382020) |
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Balance Sheet |
31 January 2022 |
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31.1.22 | 31.1.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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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 |
and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
241,648 |
207,658 |
Avl Trade Sales LLP (Registered number: OC382020) |
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Balance Sheet - continued |
31 January 2022 |
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31.1.22 | 31.1.21 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
164,122 |
130,132 |
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MEMBERS' OTHER INTERESTS |
Capital accounts | 77,526 | 77,526 |
241,648 | 207,658 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to
members |
164,122 |
130,132 |
Members' other interests | 77,526 | 77,526 |
241,648 | 207,658 |
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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. |
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The financial statements were approved by the members of the LLP and authorised for issue on
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Avl Trade Sales LLP (Registered number: OC382020) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2022 |
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1. | STATUTORY INFORMATION |
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Avl Trade Sales 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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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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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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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31.1.22 | 31.1.21 |
£ | £ |
Depreciation - owned assets |
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Avl Trade Sales LLP (Registered number: OC382020) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 February 2021 |
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Additions |
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At 31 January 2022 |
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DEPRECIATION |
At 1 February 2021 |
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Charge for year |
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At 31 January 2022 |
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NET BOOK VALUE |
At 31 January 2022 |
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At 31 January 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Trade debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to joint ventures | 12,602 | 12,602 |
Taxation and social security |
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Other creditors | ( |
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