Action Strategies LLP - Accounts to registrar (filleted) - small 18.2

Action Strategies LLP - Accounts to registrar (filleted) - small 18.2

ACTION STRATEGIES LLP - Company Information

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IRIS Accounts Production v21.3.0.583 OC307737 designated member designated member 1.4.20 31.3.21 31.3.21 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3077372020-03-31OC3077372021-03-31OC3077372020-04-012021-03-31OC3077372019-03-31OC3077372019-04-012020-03-31OC3077372020-03-31OC307737ns16:EnglandWales2020-04-012021-03-31OC307737ns15:PoundSterling2020-04-012021-03-31OC307737ns11:Director12020-04-012021-03-31OC307737ns11:Director22020-04-012021-03-31OC307737ns11:LimitedLiabilityPartnershipLLP2020-04-012021-03-31OC307737ns11:SmallEntities2020-04-012021-03-31OC307737ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-31OC307737ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-31OC307737ns11:LimitedLiabilityPartnershipsSORP2020-04-012021-03-31OC307737ns11:FullAccounts2020-04-012021-03-31OC30773712020-04-012021-03-31OC307737ns11:RegisteredOffice2020-04-012021-03-31OC307737ns6:CurrentFinancialInstruments2021-03-31OC307737ns6:CurrentFinancialInstruments2020-03-31OC307737ns6:Non-currentFinancialInstruments2021-03-31OC307737ns6:Non-currentFinancialInstruments2020-03-31OC307737ns6:NetGoodwill2020-04-012021-03-31OC307737ns6:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-31OC307737ns6:MotorVehicles2020-04-012021-03-31OC307737ns6:ComputerEquipment2020-04-012021-03-31OC307737ns6:NetGoodwill2020-03-31OC307737ns6:NetGoodwill2021-03-31OC307737ns6:NetGoodwill2020-03-31OC307737ns6:MotorVehicles2020-03-31OC307737ns6:ComputerEquipment2020-03-31OC307737ns6:MotorVehicles2021-03-31OC307737ns6:ComputerEquipment2021-03-31OC307737ns6:MotorVehicles2020-03-31OC307737ns6:ComputerEquipment2020-03-31


REGISTERED NUMBER: OC307737 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

ACTION STRATEGIES LLP
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ACTION STRATEGIES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DESIGNATED MEMBERS: Mr D Foxon
Mrs R Foxon





REGISTERED OFFICE: 11 Campriano Drive
Warwick
Warwickshire
CV34 4NQ





REGISTERED NUMBER: OC307737 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,443 4,590
3,443 4,590

CURRENT ASSETS
Debtors 24,358 -
Cash at bank 2 23,938
24,360 23,938
CREDITORS
Amounts falling due within one year 6 8,324 22,540
NET CURRENT ASSETS 16,036 1,398
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,479
5,988

CREDITORS
Amounts falling due after more than one
year
7
19,479
-
NET ASSETS ATTRIBUTABLE TO
MEMBERS
-
5,988

LOANS AND OTHER DEBTS DUE TO
MEMBERS
8
-
5,988

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 - 5,988
Amounts due from members (24,358 ) -
(24,358 ) 5,988

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 notes form part of these financial statements

Page 2 continued...
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2021


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 3 December 2021 and were signed by:




Mr D Foxon - Designated member




Mrs R Foxon - Designated member


The notes form part of these financial statements

Page 3
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Action Strategies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of four years.

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
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
Equipment - 25% on reducing balance

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.

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of it's creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3. EMPLOYEE INFORMATION

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

Page 4 continued...
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2020
and 31 March 2021 200
AMORTISATION
At 1 April 2020
and 31 March 2021 200
NET BOOK VALUE
At 31 March 2021 -
At 31 March 2020 -

5. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2020
and 31 March 2021 27,255 13,098 40,353
DEPRECIATION
At 1 April 2020 24,950 10,813 35,763
Charge for year 576 571 1,147
At 31 March 2021 25,526 11,384 36,910
NET BOOK VALUE
At 31 March 2021 1,729 1,714 3,443
At 31 March 2020 2,305 2,285 4,590

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 3,192 -
Taxation and social security 4,492 4,941
Other creditors 640 17,599
8,324 22,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 19,479 -

Page 5 continued...
ACTION STRATEGIES LLP (REGISTERED NUMBER: OC307737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,479 -

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2021 2020
£    £   
Amounts owed to members in respect of profits - 5,988

Falling due within one year - 5,988

Loans and other debts due to members rank pari passu with creditors who are unsecured in the event of a winding up.

Page 6