Action Strategies LLP - Accounts to registrar (filleted) - small 18.2

Action Strategies LLP - Accounts to registrar (filleted) - small 18.2

ACTION STRATEGIES LLP - Company Information

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REGISTERED NUMBER: OC307737 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

ACTION STRATEGIES LLP
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACTION STRATEGIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DESIGNATED MEMBERS: Mr D Foxon
Mrs R Foxon





REGISTERED OFFICE: 11 Campriano Drive
Warwick
Warwickshire
CV34 4NQ





REGISTERED NUMBER: OC307737 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 6,120 6,662
6,120 6,662

CURRENT ASSETS
Cash at bank 171 199

CREDITORS
Amounts falling due within one year 5 611 558
NET CURRENT LIABILITIES (440 ) (359 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
5,680
6,303

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
5,680
6,303

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 5,680 6,303

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2019.

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.

The notes form part of these financial statements

Page 2 continued...
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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 on 20 December 2019 and were signed
by:




Mr D Foxon - Designated member




Mrs R Foxon - Designated member


The notes form part of these financial statements

Page 3
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Action Strategies 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

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.

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the
company will achieve a profitable level of trading and will continue to enjoy the support of it's creditors.
The financial statements do not account for any adjustments that would be required if the company
was unable to achieve these objectives.

Page 4 continued...
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2018
and 31 March 2019 200
AMORTISATION
At 1 April 2018
and 31 March 2019 200
NET BOOK VALUE
At 31 March 2019 -
At 31 March 2018 -

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2018 27,255 11,599 38,854
Additions - 1,499 1,499
At 31 March 2019 27,255 13,098 40,353
DEPRECIATION
At 1 April 2018 23,157 9,035 32,192
Charge for year 1,025 1,016 2,041
At 31 March 2019 24,182 10,051 34,233
NET BOOK VALUE
At 31 March 2019 3,073 3,047 6,120
At 31 March 2018 4,098 2,564 6,662

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other creditors 611 558

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
2019 2018
£    £   
Amounts owed to members in respect of profits 5,680 6,303

Falling due within one year 5,680 6,303

Loans and other debts due to members rank pari passu with creditors who are unsecured in the event
of a winding up.

Page 5