The J S Design Partnership LLP - Accounts to registrar (filleted) - small 23.2.5

The J S Design Partnership LLP - Accounts to registrar (filleted) - small 23.2.5

THE J S DESIGN PARTNERSHIP LLP - Company Information

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THE J S DESIGN PARTNERSHIP LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023





Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY








THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE J S DESIGN PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: M R Jeffrey
S Acaster
A L Bean





REGISTERED OFFICE: 2 Taunton Street
Unit 5 Peel House
Shipley
West Yorkshire
BD18 3NA





REGISTERED NUMBER: OC392311 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY
Page 1
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,257 10,972

CURRENT ASSETS
Debtors 6 77,790 203,222
Cash at bank 224,174 96,658
301,964 299,880
CREDITORS
Amounts falling due within one year 7 52,833 65,789
NET CURRENT ASSETS 249,131 234,091
TOTAL ASSETS LESS CURRENT LIABILITIES 258,388 245,063

CREDITORS
Amounts falling due after more than one
year
8
-
1,435
NET ASSETS ATTRIBUTABLE TO MEMBERS 258,388 243,628

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
258,388
243,628

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 258,388 243,628

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 2023.

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...
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

BALANCE SHEET - continued
31 MARCH 2023


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 20 November 2023 and were signed by:





M R Jeffrey - Designated member

The notes form part of these financial statements

Page 3
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

The J S Design Partnership 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Income and Retained Earnings over the estimated expected useful life of the asset concerned.

Other grants are credited to the Statement of Income and Retained Earnings either when received or, if appropriate, on a performance basis when the relevant expenditure is incurred or any specific qualifying obligations completed.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 6 ) .

Page 4 continued...
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,271 21,000 26,354 48,625
Additions - - 1,539 1,539
At 31 March 2023 1,271 21,000 27,893 50,164
DEPRECIATION
At 1 April 2022 707 10,664 26,282 37,653
Charge for year 85 2,584 585 3,254
At 31 March 2023 792 13,248 26,867 40,907
NET BOOK VALUE
At 31 March 2023 479 7,752 1,026 9,257
At 31 March 2022 564 10,336 72 10,972

The net book value of tangible fixed assets includes £ 7,752 (2022 - £ 10,336 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 73,596 200,356
Prepayments 4,194 2,866
77,790 203,222

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 1,435 4,304
Trade creditors 4,995 18,915
Social security and other taxes 3,451 2,244
VAT 38,566 33,825
Other creditors 1,125 3,798
Accrued expenses 3,261 2,703
52,833 65,789

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 1,435

Page 5 continued...
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

Page 6