| Douglas Wemyss Solicitors LLP |
| Registered number: |
OC308701 |
| Balance Sheet |
| as at 30 June 2019 |
|
| Notes |
|
2019 |
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
43,137 |
|
55,608 |
|
|
|
|
|
|
| Current assets |
| Stocks |
|
|
81,221 |
|
93,538 |
| Debtors |
4 |
|
1,145,329 |
|
1,026,157 |
| Cash at bank and in hand |
|
|
1,070 |
|
82,943 |
|
|
|
1,227,620 |
|
1,202,638 |
|
| Creditors: amounts falling due within one year |
5 |
|
(200,031) |
|
(212,505) |
|
| Net current assets |
|
|
1,027,589 |
|
990,133 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
1,070,726 |
|
1,045,741 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(1,438,848) |
|
(1,417,326) |
|
|
| Net liabilities attributable to members |
(368,122) |
|
(371,585) |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
8 |
|
(1,596,821) |
|
(1,469,558) |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
512,874 |
|
512,874 |
| Other reserves |
|
|
715,825 |
|
585,099 |
|
|
|
1,228,699 |
|
1,097,973 |
|
|
|
|
|
|
|
|
|
(368,122) |
|
(371,585) |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
8 |
|
(1,596,821) |
|
(1,469,558) |
| Members' other interests |
|
|
1,228,699 |
|
1,097,973 |
|
|
|
|
(368,122) |
|
(371,585) |
|
|
|
|
|
|
| For the year ended 30 June 2019 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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. |
| The 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. |
|
| These accounts were approved by the members on 24 December 2019 and signed on their behalf by: |
|
|
| S Karim |
| Designated member |
|
| Douglas Wemyss Solicitors LLP |
| Notes to the Accounts |
| for the year ended 30 June 2019 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
25% reducing balance |
|
Fixtures, fittings, tools and equipment |
20% reducing balance |
|
|
Work in progress |
|
Work in progress is valued at the lower of cost and net realisable value. |
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
26 |
|
25 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 July 2018 |
92,113 |
|
8,994 |
|
101,107 |
|
At 30 June 2019 |
92,113 |
|
8,994 |
|
101,107 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2018 |
41,002 |
|
4,497 |
|
45,499 |
|
Charge for the year |
10,222 |
|
2,249 |
|
12,471 |
|
At 30 June 2019 |
51,224 |
|
6,746 |
|
57,970 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2019 |
40,889 |
|
2,248 |
|
43,137 |
|
At 30 June 2018 |
51,111 |
|
4,497 |
|
55,608 |
|
|
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
654,907 |
|
547,779 |
|
Other debtors |
490,422 |
|
478,378 |
|
|
|
|
|
|
1,145,329 |
|
1,026,157 |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans and overdrafts |
50,877 |
|
- |
|
Trade creditors |
37,771 |
|
39,197 |
|
Other taxes and social security costs |
101,169 |
|
162,381 |
|
Other creditors |
10,214 |
|
10,927 |
|
|
|
|
|
|
200,031 |
|
212,505 |
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
1,375,610 |
|
1,386,197 |
|
Other creditors |
63,238 |
|
31,129 |
|
|
|
|
|
|
1,438,848 |
|
1,417,326 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2019 |
|
2018 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans and overdraft |
50,877 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans and other debts due to members |
2019 |
|
2018 |
| £ |
£ |
|
|
Loans from members |
(508,970) |
|
(508,970) |
|
Amounts due to members in respect of profits |
(1,087,851) |
|
(960,588) |
|
|
|
|
|
|
(1,596,821) |
|
(1,469,558) |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
(1,596,821) |
|
(1,469,558) |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 9 |
Other information |
|
|
Douglas Wemyss Solicitors LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
50 Woodgate |
|
Leicester |
|
LE3 5GF |
