Registered No. OC412485 (England and Wales)
SKF KARATE LLP
Unaudited accounts
for the year ended 30 June 2022
SKF KARATE LLP
Statement of financial position
as at 30 June 2022
Tangible assets
3,442
14,062
Cash at bank and in hand
2,003
17,987
Creditors: amounts falling due within one year
(28,730)
(27,847)
Net current liabilities
(25,877)
(9,010)
Total assets less current liabilities
(22,435)
5,052
Creditors: amounts falling due after more than one year
(30,962)
(35,410)
Net liabilities attributable to members
(53,397)
(30,358)
Members' capital classified as equity
(126,453)
(100,319)
Other reserves
73,056
69,961
Members' other interests
(53,397)
(30,358)
For the year ending 30 June 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 31 March 2023.
Mr Jacey Cashman
Designated member
Limited Liability Partnership Registration No. OC412485
SKF KARATE LLP
Notes to the Accounts
for the year ended 30 June 2022
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
SKF KARATE LLP is a limited liability partnership, incorporated in England and Wales, registration number OC412485. Its registered office is C/O BRIAN COOK ASSOCIATES MARINE HOUSE, 151 WESTERN ROAD, HAYWARDS HEATH, WEST SUSSEX, RH16 3LH, ENGLAND.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2021
2,468
12,985
3,524
9,585
28,562
Disposals
-
(12,785)
-
-
(12,785)
At 30 June 2022
2,468
200
3,524
9,585
15,777
At 1 July 2021
1,273
3,246
2,688
7,293
14,500
Charge for the year
299
-
209
573
1,081
On disposals
-
(3,246)
-
-
(3,246)
At 30 June 2022
1,572
-
2,897
7,866
12,335
At 30 June 2022
896
200
627
1,719
3,442
At 30 June 2021
1,195
9,739
836
2,292
14,062
4
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
27,170
17,603
Obligations under finance leases and hire purchase contracts
-
9,229
Taxes and social security costs
540
(5)
SKF KARATE LLP
Notes to the Accounts
for the year ended 30 June 2022
5
Creditors: amounts falling due after more than one year
2022
2021
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 5 (2021: 7).
