Bredbury Hire LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC315798 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2022

for

Bredbury Hire LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

208,512

309,795

CURRENT ASSETS

Debtors

5

2,811

4,156

Cash at bank

11,900

3,932

14,711

8,088

CREDITORS

Amounts falling due within one year

6

103,904

112,045

NET CURRENT LIABILITIES

(89,193

)

(103,957

)

TOTAL ASSETS LESS CURRENT LIABILITIES

119,319

205,838

CREDITORS

Amounts falling due after more than one year

7

64,656

165,557

NET ASSETS ATTRIBUTABLE TO MEMBERS

54,663

40,281

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

54,663

40,281

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

54,663

40,281

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 5 April 2022.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 July 2022 and were signed by:

P M Oldham - Designated member

1.	STATUTORY INFORMATION

Bredbury Hire LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC315798

Registered office:

Bredbury Park Way

Bredbury

Stockport

Cheshire

SK6 2SN

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised to the extent that the LLP 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 6 April 2021

479,677

Disposals

(121,652

)

At 5 April 2022

358,025

DEPRECIATION

At 6 April 2021

169,882

Charge for year

49,160

Eliminated on disposal

(69,529

)

At 5 April 2022

149,513

NET BOOK VALUE

At 5 April 2022

208,512

At 5 April 2021

309,795

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 6 April 2021

479,677

Disposals

(121,652

)

At 5 April 2022

358,025

DEPRECIATION

At 6 April 2021

169,882

Charge for year

49,160

Eliminated on disposal

(69,529

)

At 5 April 2022

149,513

NET BOOK VALUE

At 5 April 2022

208,512

At 5 April 2021

309,795

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

2,811

4,156

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Hire purchase contracts

52,929

99,802

Trade creditors

38,535

3,131

Taxation and social security

10,336

7,208

Other creditors

2,104

1,904

103,904

112,045

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

64,656

165,557

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Hire purchase contracts

117,585

265,359

Hire purchase liabilities are secured on the assets to which they relate.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2022

2021

£

£

Amounts owed to members in respect of profits

54,663

40,281

Falling due within one year

54,663

40,281

Loans and debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.