Aim Provide LLP Accounts






Aim Provide LLP

	Registered No. OC379147
	Information for Filing with the Registrar
		31 October 2023

at	31 October 2023

Registered No.			OC379147	Notes	2023	2022
					£	£






Current assets

	Debtors			4	584,040	584,700

	Cash at bank and in hand				29	30
					584,069	584,730
Creditors: Amounts falling due within one year				5	(432,036)	(349,064)
Net current assets					152,033	235,666
Total assets less current liabilities					152,033	235,666
Creditors: Amounts falling due after more than one year				6	(670,000)	(670,000)

Net liabilities attributable to members					(517,967)	(434,334)

Represented by:

	Members' other interests


		Other reserves			(517,967)	(434,334)
					(517,967)	(434,334)

					(517,967)	(434,334)



These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

For the year ended 31 October 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) 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.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 07 June 2024 and signed on its behalf by:
G. Pulford
Designated member
07 June 2024

for the year ended 31 October 2023

General information

Aim Provide LLP is a limited liability partnership and incorporated in England and Wales.

Its registered number is: OC379147

Its registered office is:

Speed Medical House

16 Eaton Avenue

Matrix Business Park

Chorley

PR7 7NA

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

Members' Interests

Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Taxation

Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

3	Employees
		2023	2022
		Number	Number

	The average number of persons employed during the year was:	0	0

4	Debtors
		2023	2022
		£	£




	Other debtors	584,040	584,700

		584,040	584,700

5	Creditors:
	amounts falling due within one year
		2023	2022
		£	£
	Bank loans and overdrafts	-	-





	Other creditors	1,860	1,860
	Accruals and deferred income	430,176	347,204
		432,036	349,064

6	Creditors:
	amounts falling due after more than one year
		2023	2022
		£	£

	Other loans	670,000	670,000





		670,000	670,000

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.