REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2018 |
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GREENGATE SUPPLIERS LLP |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2018 |
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FOR |
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GREENGATE SUPPLIERS LLP |
GREENGATE SUPPLIERS LLP (REGISTERED NUMBER: SO304874) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 APRIL 2018 |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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GREENGATE SUPPLIERS LLP |
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GENERAL INFORMATION |
for the Year Ended 30 APRIL 2018 |
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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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First Floor, Templeback |
10 Temple back |
Bristol |
BS1 6FL |
GREENGATE SUPPLIERS LLP (REGISTERED NUMBER: SO304874) |
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BALANCE SHEET |
30 APRIL 2018 |
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30/4/18 | 30/4/17 |
(As |
restated) |
Notes | $ | $ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
3,488 |
5,151 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
4 |
3,488 |
5,151 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 4 | 3,488 | 5,151 |
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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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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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GREENGATE SUPPLIERS LLP (REGISTERED NUMBER: SO304874) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 APRIL 2018 |
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1. | STATUTORY INFORMATION |
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Greengate Suppliers LLP is registered in Scotland. The LLP's registered number and registered office address |
can be found on the General Information page. |
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The presentation currency of the financial statements is the US Dollar ($). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with |
wholly owned subsidiaries within the group. |
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Turnover |
Turnover is derived from the sales of tea and coffee and is measured at fair value of the consideration receivable, |
excluding discounts and sales taxes. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into US dollar at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into US dollar at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. |
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Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is |
a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
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Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. |
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Basic financial liabilities |
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at |
transaction price. |
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Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or |
less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction |
price. |
GREENGATE SUPPLIERS LLP (REGISTERED NUMBER: SO304874) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 APRIL 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Prior year adjustment |
In previous financial year there was an omission of additional transactions which has led to a fundamental error |
in the accounts. The following adjustments have been made to the accounts: |
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There have been the adjustments of the sales of $94,644, the purchases of ($92,524) and the bank charges of |
($379). |
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The total net effect of the prior year adjustments made on the profit distributable to members is $1,741. |
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3. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/18 | 30/4/17 |
(As |
restated) |
$ | $ |
Other creditors |
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4. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members' would rank last in relation to other creditors. |