Watson Brady LLP - Accounts to registrar (filleted) - small 17.3

Watson Brady LLP - Accounts to registrar (filleted) - small 17.3

WATSON BRADY LLP - Company Information

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REGISTERED NUMBER: OC339205 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

WATSON BRADY LLP
WATSON BRADY LLP (REGISTERED NUMBER: OC339205)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


WATSON BRADY LLP (REGISTERED NUMBER: OC339205)

ABRIDGED BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,937 22,600
Investments 5 1 1
18,938 22,601

CURRENT ASSETS
Debtors 82,273 105,705
Cash at bank 8,981 35,825
91,254 141,530
CREDITORS
Amounts falling due within one year 33,415 58,911
NET CURRENT ASSETS 57,839 82,619
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
76,777
105,220

LOANS AND OTHER DEBTS DUE
TO MEMBERS
6
76,777
105,220

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members
6
76,777
105,220

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 31 March 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 notes form part of these financial statements

Page 1 continued...
WATSON BRADY LLP (REGISTERED NUMBER: OC339205)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 8 November 2017 and
were signed by:





M Brady - Designated member

The notes form part of these financial statements

Page 2
WATSON BRADY LLP (REGISTERED NUMBER: OC339205)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

Watson Brady 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.
Short leasehold - in accordance with the property
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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.

Going concern
The LLP depends on its existing bank facilities to meet its day to day working capital
requirements. Current forecasts indicate that the company expects to be able to operate
within these facilities for the foreseeable future. These facilities are renewed annually and
are not guaranteed for the period covered by the going concern review. The Members are
not aware, however, of any circumstances that may adversely affect the renewal of these
facilities. Accordingly, the members believe it is appropriate to prepare the financial
statements on the going concern basis.

Investment
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2016 - 2 ) .

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WATSON BRADY LLP (REGISTERED NUMBER: OC339205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2016 44,346
Additions 4,217
At 31 March 2017 48,563
DEPRECIATION
At 1 April 2016 21,746
Charge for year 7,880
At 31 March 2017 29,626
NET BOOK VALUE
At 31 March 2017 18,937
At 31 March 2016 22,600

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2016
and 31 March 2017 1
NET BOOK VALUE
At 31 March 2017 1
At 31 March 2016 1

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

7. FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially
different to FRS 102 and have not impacted on equity or profit or loss.


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