Isis Business Solutions (Northants) LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC329994 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2020

FOR

ISIS BUSINESS SOLUTIONS (NORTHANTS) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M S Hollyman

Mrs L M Hollyman

Isis Payroll Limited

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

OC329994 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

65,884

81,629

CURRENT ASSETS

Debtors

5

297,415

205,872

Cash at bank and in hand

164

69

297,579

205,941

CREDITORS

Amounts falling due within one year

6

241,561

168,508

NET CURRENT ASSETS

56,018

37,433

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

121,902

119,062

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

121,902

119,062

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

121,902

119,062

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 31st March 2020.

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 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 and authorised for issue on 29th March 2021 and were signed by:

M S Hollyman - Designated member

1.	STATUTORY INFORMATION

Isis Business Solutions (Northants) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Computer equipment

-

25% on cost

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2019

23,761

150,849

41,268

215,878

Additions

2,833

-

1,830

4,663

At 31st March 2020

26,594

150,849

43,098

220,541

DEPRECIATION

At 1st April 2019

23,534

70,740

39,975

134,249

Charge for year

57

20,027

324

20,408

At 31st March 2020

23,591

90,767

40,299

154,657

NET BOOK VALUE

At 31st March 2020

3,003

60,082

2,799

65,884

At 31st March 2019

227

80,109

1,293

81,629

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

28,971

66,945

Amounts owed by group undertakings

231,434

99,319

Other debtors

37,010

39,608

297,415

205,872

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

8,503

17,497

Hire purchase contracts

52,996

74,370

Trade creditors

737

888

Amounts owed to group undertakings

114,129

-

Taxation and social security

3,310

12,032

Other creditors

61,886

63,721

241,561

168,508

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

All unsecured creditors rank pari-pasu with members loans.