Cooci Associates LLP
Cooci Associates LLP
Registered number: OC346980
Unaudited Financial Statements
For The Year Ended
31 July 2023
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Cooci Associates LLP
Unaudited Financial Statements
For The Year Ended
31 July 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Page 1
Cooci Associates LLP
Balance Sheet
As At
31 July 2023
Balance Sheet
Registered number:
OC346980
For the year ending 31 July 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS ATTRIBUTABLE TO MEMBERS |
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| REPRESENTED BY: | |||||
| Loans and other debts due to members within one year | |||||
| Other amounts | 207,510 | 251,584 | |||
| 207,510 | 251,584 | ||||
| 207,510 | 251,584 | ||||
| TOTAL MEMBERS' INTEREST | |||||
| Loans and other debts due to members within one year | 207,510 | 251,584 | |||
| 207,510 | 251,584 | ||||
Page 1
Page 2
Cooci Associates LLP
Balance Sheet (continued)
As At
31 July 2023
On behalf of the members
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Designated Member
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Designated Member
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Cooci Associates LLP
Notes to the Financial Statements
For The Year Ended
31 July 2023
Notes to the Financial Statements
1.
General Information
Cooci Associates LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC346980
. The Registered Office is Riverside House, 44 Wedgewood Street, Aylesbury, HP19 7HL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2.
Statement of Cash Flow
The LLP has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small LLP.
2.3.
Turnover
Turnover comprises the invoiced value of services supplied by the LLP, net of Value Added Tax and trade discounts. Turnover is recognised as the LLP becomes entitled to the consideration received, therefore turnover includes an element of work completed but not yet invoiced.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures and Equipment |
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2.5.
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6.
Pensions
The LLP operates a defined contribution pension scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
3.
Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 11 (2022: 11)
Page 3
Page 4
Cooci Associates LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 July 2023
4.
Tangible Assets
| Fixtures and Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
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| Additions |
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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5.
Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Net wages | 297 | 297 | |
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6.
Creditors: Amounts Falling Due Within One Year
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| Other creditors (Current liabilities - creditors < 1 year) |
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| Accruals and deferred income |
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| Amounts owed to related parties |
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7.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2023 | 2022 | ||
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| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years |
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Page 4
Page 5
Cooci Associates LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 July 2023
8.
Ultimate Controlling Party
Each member has equal voting rights and therefore the LLP is not under the control of any one member.
Page 5