Varley Surfacing Specialists LLP - Accounts to registrar - small 17.2

REGISTERED NUMBER: OC379280 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2017

for

VARLEY SURFACING SPECIALISTS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

D R Varley

Mrs A Varley

REGISTERED OFFICE:

3 Cayley Court

Clifton Moor

York

North Yorkshire

YO30 4WH

REGISTERED NUMBER:

OC379280 (England and Wales)

ACCOUNTANTS:

Morrell Middleton

3 Cayley Court

Clifton Moor

York

North Yorkshire

YO30 4WH

FIXED ASSETS

Tangible assets

3

41,309

53,625

CURRENT ASSETS

Debtors

4

26,986

60,600

Cash at bank and in hand

224,765

83,255

251,751

143,855

CREDITORS

Amounts falling due within one year

5

174,749

112,227

NET CURRENT ASSETS

77,002

31,628

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

118,311

85,253

LOANS AND OTHER DEBTS DUE TO MEMBERS

118,311

85,253

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

118,311

85,253

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 5 April 2017.

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 of Part 15 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 small LLPs.

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 on 28 June 2017 and were signed by:

D R Varley - Designated member

1.	STATUTORY INFORMATION

Varley Surfacing Specialists 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% 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.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 6 April 2016

25,083

66,468

1,000

92,551

Additions

-

-

710

710

Disposals

-

-

(1,000

)

(1,000

)

At 5 April 2017

25,083

66,468

710

92,261

DEPRECIATION

At 6 April 2016

12,952

24,974

1,000

38,926

Charge for year

2,426

10,363

237

13,026

Eliminated on disposal

-

-

(1,000

)

(1,000

)

At 5 April 2017

15,378

35,337

237

50,952

NET BOOK VALUE

At 5 April 2017

9,705

31,131

473

41,309

At 5 April 2016

12,131

41,494

-

53,625

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

21,224

54,025

Other debtors

5,762

6,575

26,986

60,600

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

166,027

106,352

Taxation and social security

2,847

-

Other creditors

5,875

5,875

174,749

112,227