Jordan Fishwick LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC308831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2017

FOR

JORDAN FISHWICK LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M E Fishwick

N Jordan

C Swales

G R Grainger

C Hawthorne

R A Jones

REGISTERED OFFICE:

2nd Floor

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

OC308831 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Intangible assets

4

222,202

246,891

Tangible assets

5

255,397

366,338

477,599

613,229

CURRENT ASSETS

Debtors

6

311,488

329,825

Cash at bank

-

21,762

311,488

351,587

CREDITORS

Amounts falling due within one year

7

426,657

546,124

NET CURRENT LIABILITIES

(115,169

)

(194,537

)

TOTAL ASSETS LESS CURRENT LIABILITIES

362,430

418,692

CREDITORS

Amounts falling due after more than one year

8

124,438

169,115

NET ASSETS ATTRIBUTABLE TO MEMBERS

237,992

249,577

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

237,992

249,577

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

237,992

249,577

Amounts due from members

6

(13,745

)

-

224,247

249,577

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 30th 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 16th January 2018 and were signed by:

M E Fishwick - Designated member

1.	STATUTORY INFORMATION

The LLP is incorporated in the United Kingdom under the Limited Liability Partnership Act 2000. The address of

the registered office is 2nd Floor,1 City Road East,Manchester,M15 4PN and principal place of business is 84-86

Waters Green,Macclesfield,SK11 6LH.

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.

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and fair value of the

identifiable assets and liabilities. It is amortised to the Profit and Loss account over its estimated economic life.

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

Tangible fixed assets are stated at lower of cost or valuation less depreciation. Depreciation is provided at rates

calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful

life, as follows:

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Motor vehicles

-

25% on cost

Financial instruments

Financial instruments are classified and accounted for. according to the substance of the contractual

arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contact

that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

Tax provisions

Taxation on the profits of the LLP is solely the liability of individual members. Therefore, neither income tax

nor deferred tax arising in respect of the LLP's profit is included in these financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 65 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2016

and 30th April 2017

246,891

AMORTISATION

Charge for year

24,689

At 30th April 2017

24,689

NET BOOK VALUE

At 30th April 2017

222,202

At 30th April 2016

246,891

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st May 2016

461,211

447,144

908,355

Additions

3,104

8,750

11,854

At 30th April 2017

464,315

455,894

920,209

DEPRECIATION

At 1st May 2016

412,301

129,716

542,017

Charge for year

10,346

112,449

122,795

At 30th April 2017

422,647

242,165

664,812

NET BOOK VALUE

At 30th April 2017

41,668

213,729

255,397

At 30th April 2016

48,910

317,428

366,338

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

249,145

286,169

Other debtors

62,343

43,656

311,488

329,825

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

77,487

-

Hire purchase contracts

44,677

44,677

Trade creditors

119,945

124,017

Taxation and social security

142,787

140,797

Other creditors

41,761

236,633

426,657

546,124

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

124,438

169,115

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts in 'Loans and other debts due to Members' (other than Members' capital classified as a liability)

would rank pari passu with other creditors who are unsecured in the event of a winding up. No restrictions or

limitations exist on the ability of the Members to reduce the amount of Members other interests.

10.	FIRST YEAR ADOPTION

This is the first year that the LLP has presented its results under FRS 102. The last financial statements under

UK GAAP were for the year ended 30th April 2016. The date of transition to FRS 102 was 1st January 2015.

There are no transitional adjustments arising from the first time adoption of FRS 102.