Tomkinson Teal (Lichfield) LLP - Accounts to registrar (filleted) - small 17.3
Tomkinson Teal (Lichfield) LLP - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Tomkinson Teal (Lichfield) LLP |
| Tomkinson Teal (Lichfield) LLP (Registered number: OC353551) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Tomkinson Teal (Lichfield) LLP |
| General Information |
| for the Year Ended 31 March 2017 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Hanover Court |
| 5 Queen Street |
| Lichfield |
| Staffordshire |
| WS13 6QD |
| Tomkinson Teal (Lichfield) LLP (Registered number: OC353551) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
433,512 |
411,855 |
| Tomkinson Teal (Lichfield) LLP (Registered number: OC353551) |
| Balance Sheet - continued |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
183,512 |
161,855 |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 250,000 | 250,000 |
| 433,512 | 411,855 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 183,512 | 161,855 |
| Members' other interests | 250,000 | 250,000 |
| 433,512 | 411,855 |
| 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. |
| 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 Profit and Loss Account has not been delivered. |
| The financial statements were approved by the members of the LLP on |
| Tomkinson Teal (Lichfield) LLP (Registered number: OC353551) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Tomkinson Teal (Lichfield) 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2011. No amortisation has |
| been provided in the year, but will be reviewed on an annual basis. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| 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. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Tomkinson Teal (Lichfield) LLP (Registered number: OC353551) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Other creditors |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| In more than five years |
| Tomkinson Teal (Lichfield) LLP (Registered number: OC353551) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| Security is provided by personal guarantees by the members together with a charge on property owned by K J |
| Teal and D W Tomkinson. |
| 11. | RELATED PARTY DISCLOSURES |
| During the year ended 31 March 2017, rent totalling £42,000 was paid to the partners D W Tomkinson and K J |
| Teal. |
| At 31 March 2017, Tomkinson Teal (Lichfield) LLP was owed £106,443 (2016 - £45,996) by Tomkinson Teal |
| Limited, a company owned by the Members. |
| 12. | ULTIMATE CONTROLLING PARTY |
| 13. | FIRST YEAR ADOPTION |
| These financial statements are the first to comply with FRS 102 Section 1A "Small Entities". The date of |
| transition is 1 April 2016. |
| The transition has resulted in a small number of changes in accounting policies to those used previously. The |
| changes have not impacted on the opening equity or profit for the comparative period. |