Complete On Site Support LLP - LLP accounts 20.1

REGISTERED NUMBER: OC371087 (England and Wales)

Report of the Members and

Financial Statements

for the Year Ended 31 March 2021

for

COMPLETE ON SITE SUPPORT LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr S P Baker

Mr R W Holland

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

OC371087 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

The members present their report with the financial statements of the LLP for the year ended 31 March 2021.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of cleaning services.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr S P Baker

Mr R W Holland

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £1,198 (2020 - £23,116 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr S P Baker - Designated member

16 December 2021

TURNOVER

82,135

141,806

Cost of sales

35,832

129,326

GROSS PROFIT

46,303

12,480

Administrative expenses

45,785

35,767

518

(23,287

)

Other operating income

628

-

OPERATING PROFIT/(LOSS)

4

1,146

(23,287

)

Interest receivable and similar income

52

171

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS

1,198

(23,116

)

FIXED ASSETS

Tangible assets

5

141,314

98,577

CURRENT ASSETS

Debtors

6

5,313

50,108

Cash at bank

128,332

171,431

133,645

221,539

CREDITORS

Amounts falling due within one year

7

259,925

298,329

NET CURRENT LIABILITIES

(126,280

)

(76,790

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

15,034

21,787

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

15,034

21,787

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

15,034

21,787

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 31 March 2021.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 16 December 2021 and were signed by:

Mr S P Baker - Designated member

1.	STATUTORY INFORMATION

Complete On Site Support LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 represents net invoiced sales of services, excluding value added tax.

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.	OPERATING PROFIT/(LOSS)

The operating profit (2020 - operating loss) is stated after charging:

31.3.21

31.3.20

£

Depreciation - owned assets

37,433

26,424

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2020

184,478

Additions

87,042

Disposals

(68,639

)

At 31 March 2021

202,881

DEPRECIATION

At 1 April 2020

85,901

Charge for year

37,433

Eliminated on disposal

(61,767

)

At 31 March 2021

61,567

NET BOOK VALUE

At 31 March 2021

141,314

At 31 March 2020

98,577

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

Trade debtors

2,105

49,108

Other debtors

-

1,000

VAT

3,208

-

5,313

50,108

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

Trade creditors

-

1

Amounts owed to participating interests

79,646

45,725

VAT

-

3,547

Accruals and deferred income

180,279

249,056

259,925

298,329

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu in relation to all other creditors.