B.G. Richardson & Sons LLP
B.G. Richardson & Sons LLP
Registered number: OC309963
Financial Statements
For The Year Ended
31 December 2021
AM Taxation Limited
Church View Barn
Beech Tree Court
Whitchurch
Buckinghamshire
HP22 4JR
B.G. Richardson & Sons LLP
Financial Statements
For The Year Ended
31 December 2021
Financial Statements
Contents | |
Page | |
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Accountant's Report | 1 |
Balance Sheet | 2—3 |
Notes to the Financial Statements | 4—6 |
B.G. Richardson & Sons LLP
Accountant's Report
For The Year Ended
31 December 2021
Accountant's Report
In accordance with the engagement letter dated 09 April 2011, and in order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have compiled the financial statements of the LLP from the accounting records and information and explanations you have given to us.
This report is made to the partners in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the partners the financial statements that we have been engaged to compile, to report to the partners that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the partnership and the partners for our work or for this report.
You have acknowledged on the balance sheet as at year ended
31 December 2021
your duty to ensure that the partnership has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the LLP is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed |
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Church View Barn
Beech Tree Court
Whitchurch
Buckinghamshire
HP22 4JR
B.G. Richardson & Sons LLP
Balance Sheet
As at
31 December 2021
Balance Sheet
Registered number:
OC309963
For the year ending 31 December 2021 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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NET ASSETS ATTRIBUTABLE TO MEMBERS |
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REPRESENTED BY: | |||||
Loans and other debts due to members within one year | |||||
Other amounts | 104,590 | 109,998 | |||
104,590 | 109,998 | ||||
104,590 | 109,998 | ||||
TOTAL MEMBERS' INTEREST | |||||
Loans and other debts due to members within one year | 104,590 | 109,998 | |||
104,590 | 109,998 | ||||
B.G. Richardson & Sons LLP
Balance Sheet (continued)
As at
31 December 2021
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Designated Member
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Designated Member
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The notes on pages 4 to 6 form part of these financial statements.
B.G. Richardson & Sons LLP
Notes to the Financial Statements
For The Year Ended
31 December 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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Motor Vehicles |
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Computer Equipment |
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1.4.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including members, during the year was as follows: 8 (2020: 8)
B.G. Richardson & Sons LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2021
3.
Tangible Assets
Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
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£ | £ | £ | £ | |
Cost | ||||
As at
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Additions |
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Depreciation | ||||
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Provided during the period |
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As at
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Net Book Value | ||||
As at
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As at
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4.
Stocks
2021 | 2020 | ||
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£ | £ | ||
Stock - materials |
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5.
Debtors
2021 | 2020 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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6.
Creditors: Amounts Falling Due Within One Year
2021 | 2020 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Other creditors | 52,004 | 53,681 | |
Taxation and social security | 22,458 | 35,208 | |
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B.G. Richardson & Sons LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2021
7.
Creditors: Amounts Falling Due After More Than One Year
2021 | 2020 | ||
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£ | £ | ||
Net obligations under finance lease and hire purchase contracts |
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Other creditors |
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8.
Obligations Under Finance Leases and Hire Purchase
2021 | 2020 | ||
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£ | £ | ||
The maturity of these amounts is as follows: | |||
Amounts Payable: | |||
Within one year |
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Between one and five years |
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9.
General Information
B.G. Richardson & Sons LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC309963
. The Registered Office is Brimar, Gibb Lane Bierton, Aylesbury, Buckinghamshire, HP22 5DY.