Isis Business Solutions (Northants) LLP - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: OC329994 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 31ST MARCH 2022 TO 29TH MARCH 2023

FOR

ISIS BUSINESS SOLUTIONS (NORTHANTS) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M S Hollyman

Isis Payroll Limited

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

OC329994 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

210,284

122,476

CURRENT ASSETS

Debtors

5

287,024

312,202

Cash at bank and in hand

48

15,648

287,072

327,850

CREDITORS

Amounts falling due within one year

6

377,334

331,332

NET CURRENT LIABILITIES

(90,262

)

(3,482

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

120,022

118,994

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

120,022

118,994

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

120,022

118,994

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 period ended 29th 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 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 22nd March 2024 and were signed by:

M S Hollyman - Designated member

1.	STATUTORY INFORMATION

Isis Business Solutions (Northants) 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 5 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 31st March 2022

26,943

119,205

46,837

192,985

Additions

6,285

114,908

2,768

123,961

At 29th March 2023

33,228

234,113

49,605

316,946

DEPRECIATION

At 31st March 2022

23,665

4,967

41,877

70,509

Charge for period

1,464

33,347

1,342

36,153

At 29th March 2023

25,129

38,314

43,219

106,662

NET BOOK VALUE

At 29th March 2023

8,099

195,799

6,386

210,284

At 30th March 2022

3,278

114,238

4,960

122,476

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

39,954

47,341

Amounts owed by group undertakings

202,157

217,625

Other debtors

44,913

47,236

287,024

312,202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

44,240

56,130

Hire purchase contracts

98,594

-

Amounts owed to group undertakings

213,182

237,754

Taxation and social security

6,205

-

Other creditors

15,113

37,448

377,334

331,332

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

All unsecured creditors rank pari-pasu with members loans.