Registered No. OC360021 (England and Wales)
Umbrella Accountants LLP
Unaudited accounts
for the year ended 30 June 2022
Umbrella Accountants LLP
LLP Information
for the year ended 30 June 2022
Designated members
Dexter Dyer
Registered Number
OC360021 (England and Wales)
Registered Office
Bollin House
Bollin Walk
Wilmslow
Cheshire
SK9 1DP
Accountants
CloudAccountant.co.uk
Bollin House
Bollin Link
Wilmslow
Cheshire
SK9 1DP
Umbrella Accountants LLP
Statement of financial position
as at
30 June 2022
Tangible assets
5,093
5,769
Cash at bank and in hand
82,331
27,166
Creditors: amounts falling due within one year
(143,721)
(119,733)
Net current assets
46,901
16,821
Net assets attributable to members
51,994
22,590
Other reserves
51,994
22,590
Members' other interests
51,994
22,590
For the year ending 30 June 2022 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 14 February 2023.
Nicholas Holmes
Designated member
Limited Liability Partnership Registration No. OC360021
Umbrella Accountants LLP
Notes to the Accounts
for the year ended 30 June 2022
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.
The accounts are presented in £ sterling.
After Reviewing the partnership's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its consolidated financial statements.
Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Umbrella Accountants LLP is a limited liability partnership, incorporated in England and Wales, registration number OC360021. Its registered office is Bollin House, Bollin Walk, Wilmslow, Cheshire, SK9 1DP.
Umbrella Accountants LLP
Notes to the Accounts
for the year ended 30 June 2022
3
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2021
8,311
28,764
37,075
At 30 June 2022
8,311
29,634
37,945
At 1 July 2021
6,844
24,462
31,306
Charge for the year
367
1,179
1,546
At 30 June 2022
7,211
25,641
32,852
At 30 June 2022
1,100
3,993
5,093
At 30 June 2021
1,467
4,302
5,769
4
Creditors: amounts falling due within one year
2022
2021
Trade creditors
76,543
83,285
Amounts owed to group undertakings and other participating interests
11,119
-
Taxes and social security costs
46,417
27,898
Other creditors
6,758
5,666
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 18 (2021: 20).