Jordan Fishwick LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC308831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2022

FOR

JORDAN FISHWICK LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M E Fishwick

N Jordan

C Swales

G R Grainger

C Hawthorne

R A Jones

REGISTERED OFFICE:

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

OC308831 (England and Wales)

ACCOUNTANTS:

KJG

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Intangible assets

4

98,757

123,446

Tangible assets

5

265,340

385,046

364,097

508,492

CURRENT ASSETS

Debtors

6

403,141

355,308

Cash at bank

5,000

362,539

408,141

717,847

CREDITORS

Amounts falling due within one year

7

(394,797

)

(500,866

)

NET CURRENT ASSETS

13,344

216,981

TOTAL ASSETS LESS CURRENT LIABILITIES

377,441

725,473

CREDITORS

Amounts falling due after more than one year

8

(131,597

)

(193,242

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

245,844

532,231

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

245,844

532,231

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

245,844

532,231

Amounts due from members

6

(31,920

)

-

213,924

532,231

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 30th 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22nd November 2022 and were signed by:

M E Fishwick - Designated member

1.	STATUTORY INFORMATION

The LLP is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is 1 City Road East,Manchester,M15 4PN and principal place of business is 84-86 Waters Green,Macclesfield,SK11 6LH.

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.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and fair value of the identifiable assets and liabilities. It is amortised to the Profit and Loss account over its estimated economic life.

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

Tangible fixed assets are stated at lower of cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Motor vehicles

-

25% on cost

Government grants

Government grants are recognised on the accrual model and are measured at fair value of the asset receivable.

Grants are classified as relating either to other income or to assets. Grants related to other income are

recognised in profit or loss over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Financial instruments

Financial instruments are classified and accounted for. according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contact that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Tax provisions

Taxation on the profits of the LLP is solely the liability of individual members. Therefore, neither income tax nor deferred tax arising in respect of the LLP's profit is included in these financial statements.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the

effective interest method, less impairment losses for bad and doubtful debts except where the effect of

discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for

bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalent

Cash and cash equivalents are represented by cash at bank and in hand. Bank borrowings and overdrafts are included in creditors.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 61 (2021 - 59 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2021

and 30th April 2022

246,891

AMORTISATION

At 1st May 2021

123,445

Charge for year

24,689

At 30th April 2022

148,134

NET BOOK VALUE

At 30th April 2022

98,757

At 30th April 2021

123,446

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st May 2021

-

472,511

-

Additions

-

-

1,600

Disposals

-

-

-

Reclassification/transfer

193,272

(472,511

)

161,308

At 30th April 2022

193,272

-

162,908

DEPRECIATION

At 1st May 2021

-

456,163

-

Charge for year

1,385

-

3,636

Eliminated on disposal

-

-

-

Reclassification/transfer

191,887

(456,163

)

149,075

At 30th April 2022

193,272

-

152,711

NET BOOK VALUE

At 30th April 2022

-

-

10,197

At 30th April 2021

-

16,348

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st May 2021

594,937

-

1,067,448

Additions

55,495

1,799

58,894

Disposals

(131,093

)

-

(131,093

)

Reclassification/transfer

-

117,931

-

At 30th April 2022

519,339

119,730

995,249

DEPRECIATION

At 1st May 2021

226,239

-

682,402

Charge for year

105,374

1,682

112,077

Eliminated on disposal

(64,570

)

-

(64,570

)

Reclassification/transfer

-

115,201

-

At 30th April 2022

267,043

116,883

729,909

NET BOOK VALUE

At 30th April 2022

252,296

2,847

265,340

At 30th April 2021

368,698

-

385,046

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

321,402

311,283

Other debtors

81,739

44,025

403,141

355,308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

33,712

-

Hire purchase contracts

38,083

53,917

Trade creditors

137,435

112,380

Taxation and social security

151,862

211,469

Other creditors

33,705

123,100

394,797

500,866

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Hire purchase contracts

131,597

193,242

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts in 'Loans and other debts due to Members' (other than Members' capital classified as a liability) would rank pari passu with other creditors who are unsecured in the event of a winding up. No restrictions or limitations exist on the ability of the Members to reduce the amount of Members other interests.