Wesley Gryk Solicitors LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC317684 (England and Wales)

Wesley Gryk Solicitors LLP

Unaudited Financial Statements

for the Year Ended 31 March 2021

Page

General information

1

Balance sheet

2

Notes to the financial statements

4

Designated members:

Mrs A Hunter

B A O'Leary

Mrs D Baxter

Registered office:

140 Lower Marsh

London

SE1 7AE

Registered number:

OC317684 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

24,342

25,867

Current assets

Debtors

5

318,479

249,010

Cash at bank and in hand

221,244

76,203

539,723

325,213

Creditors

Amounts falling due within one year

6

365,163

305,473

Net current assets

174,560

19,740

Total assets less current liabilities

198,902

45,607

Creditors

Amounts falling due after more than one year

7

30,909

-

Net assets attributable to members

167,993

45,607

Loans and other debts due to members

167,993

45,607

Total members' interests

Loans and other debts due to members

167,993

45,607

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 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 1 October 2021 and were signed by:

Mrs A Hunter - Designated member

1.	Statutory information

Wesley Gryk Solicitors 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.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and over the term of the lease

Government grants

Government grants are accounted for on a receivable basis.

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 12 (2020 - 17 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2020

164,876

Additions

8,030

At 31 March 2021

172,906

Depreciation

At 1 April 2020

139,009

Charge for year

9,555

At 31 March 2021

148,564

Net book value

At 31 March 2021

24,342

At 31 March 2020

25,867

5.

Debtors: amounts falling due within one year

31.3.21

31.3.20

£

£

Trade debtors

291,354

227,303

Accrued Income

12,475

12,363

Other debtors

14,650

9,344

318,479

249,010

6.

Creditors: amounts falling due within one year

31.3.21

31.3.20

£

£

Bank loans and overdrafts

81,818

18,900

Trade creditors

23,328

18,955

Taxation and social security

75,063

70,860

Other creditors

184,954

196,758

365,163

305,473

7.

Creditors: amounts falling due after more than one year

31.3.21

31.3.20

£

£

Bank loans

30,909

-