Accounts filed on 31-03-2017

Accounts filed on 31-03-2017

PROJECT ALLIES LLP - Company Information

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OC386785falsethat of project managers and consultants2016-04-012017-03-31http://www.companieshouse.gov.uk/2016-03-31http://www.companieshouse.gov.uk/cd:Director12016-04-012017-03-31http://www.companieshouse.gov.uk/cd:LimitedLiabilityPartnershipLLP2016-04-012017-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2016-04-012017-03-31http://www.companieshouse.gov.uk/2016-04-012017-03-31http://www.companieshouse.gov.uk/2016-03-31http://www.companieshouse.gov.uk/cd:FRS1022016-04-012017-03-31http://www.companieshouse.gov.uk/2017-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2016-04-012017-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: OC386785
Project Allies LLP
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
Prepared By:
Cheatley & Co Ltd
Chartered Accountants
6 Field Cottages
Great Oakley
Northants
NN18 8HL
Project Allies LLP
BALANCE SHEET AT 31/03/2017
20172016
Notes££
FIXED ASSETS
Tangible assets23,5124,538
CURRENT ASSETS
Stock1d2,8342,834
Debtors-489
Cash at bank and in hand53949
3,3733,372
CREDITORS: Amounts falling due within one year-20
NET CURRENT ASSETS3,3733,352
NET ASSETS ATTRIBUTABLE TO MEMBERS6,8857,890
LOANS AND OTHER DEBTS DUE TO MEMBERS6,8657,890
MEMBERS ' OTHER INTERESTS
6,8657,890
TOTAL MEMBERS' INTERESTS
Loans and other debts due to members6,8657,890
6,8657,890
For the year ending 31/03/2017 the LLP was entitled to exemption under section 477 of the Companies Act 2006 as modified 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 Act with respect to accounting records and the preparation of accounts as modified 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime modified by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the members on 20/06/2017 and signed on their behalf by
.............................
M Balducci
Designated Member
Project Allies LLP
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Fixtures and Fittings 15%
Equipment 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/04/20165,0191,5001,5378,056
At 31/03/20175,0191,5001,5378,056
Depreciation
At 01/04/20162,4304166723,518
For the year6471632161,026
At 31/03/20173,0775798884,544
Net Book Amounts
At 31/03/20171,9429216493,512
At 31/03/20162,5891,0848654,538