| Moorside Medicines Management Services LLP |
| Registered number: |
OC381522 |
| Balance Sheet |
| as at 31 March 2017 |
| Notes |
|
2017 |
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
7,812 |
|
8,398 |
| Current assets |
|
|
|
|
|
| Stocks |
|
|
13,461 |
|
14,910 |
| Debtors |
4 |
|
172,566 |
|
178,410 |
| Cash at bank and in hand |
|
|
93,287 |
|
64,041 |
|
|
|
279,314 |
|
257,361 |
|
| Creditors: amounts falling due within one year |
5 |
|
(122,782) |
|
(136,783) |
|
| Net current assets |
|
|
156,532 |
|
120,578 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
164,344 |
|
128,976 |
|
|
|
| Net assets attributable to members |
164,344 |
|
128,976 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
6 |
|
164,344 |
|
128,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
164,344 |
|
128,976 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
6 |
|
164,344 |
|
128,976 |
|
|
|
|
164,344 |
|
128,976 |
|
|
|
|
|
|
| For the year ended 31 March 2017 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to 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. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 30 November 2017 and signed on their behalf by: |
|
|
| Richard Reed |
| Designated member |
|
| Moorside Medicines Management Services LLP |
| Reconciliation of Members' Interests |
| for the year ended 31 March 2017 |
| £ |
|
EQUITY |
DEBT |
TOTAL |
|
Members' other interests |
Loans and other debts due to members |
|
|
|
|
|
|
less any amounts due from members |
|
|
|
|
|
|
in debtors |
|
Members' capital (classified as equity) |
Revaluation reserve |
Other reserves |
Total |
|
Members' capital (classified as debt) |
Other amounts |
Total |
|
Total members' interests |
|
| Balance at 1 April 2016 |
- |
- |
- |
- |
|
- |
128,976 |
128,976 |
|
128,976 |
| Profit for the financial year available for discretionary division among members |
|
|
65,368 |
65,368 |
|
|
|
|
|
65,368 |
|
| Members' interests after profit for the year |
- |
- |
65,368 |
65,368 |
|
- |
128,976 |
128,976 |
|
194,344 |
|
| Other divisions of profits |
|
|
(65,368) |
(65,368) |
|
|
65,368 |
65,368 |
|
- |
| Drawings |
|
|
|
|
|
|
(30,000) |
(30,000) |
|
(30,000) |
|
| Balance at 31 March 2017 |
- |
- |
- |
- |
|
- |
164,344 |
164,344 |
|
164,344 |
|
| Moorside Medicines Management Services LLP |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Turnover |
|
Turnover represents the value of income received in respect of prescriptions dispensed. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures & Fittings |
20% straight line |
|
Motor Vehicles |
20% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
9 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Fixtures & Fittings |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2016 |
5,177 |
|
11,200 |
|
16,377 |
|
Additions |
- |
|
3,899 |
|
3,899 |
|
Disposals |
- |
|
(5,400) |
|
(5,400) |
|
At 31 March 2017 |
5,177 |
|
9,699 |
|
14,876 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2016 |
2,859 |
|
5,120 |
|
7,979 |
|
Charge for the year |
1,151 |
|
1,940 |
|
3,091 |
|
On disposals |
- |
|
(4,006) |
|
(4,006) |
|
At 31 March 2017 |
4,010 |
|
3,054 |
|
7,064 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
1,167 |
|
6,645 |
|
7,812 |
|
At 31 March 2016 |
2,318 |
|
6,080 |
|
8,398 |
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
148,575 |
|
153,339 |
|
Other debtors |
23,991 |
|
25,071 |
|
|
|
|
|
|
172,566 |
|
178,410 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
119,016 |
|
126,951 |
|
Other taxes and social security costs |
2,520 |
|
- |
|
Other creditors |
1,246 |
|
9,832 |
|
|
|
|
|
|
122,782 |
|
136,783 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans and other debts due to members |
2017 |
|
2016 |
| £ |
£ |
|
|
Amounts due to members in respect of profits |
164,344 |
|
128,976 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
164,344 |
|
128,976 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 7 |
Other information |
|
|
Moorside Medicines Management Services LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
16 Blundell Drive |
|
Southport |
|
PR8 4RG |
