M D Leech Builders LLP - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: OC342724 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

M D LEECH BUILDERS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M D Leech

Mrs J D Leech

REGISTERED OFFICE:

3 The Banks

Bingham

Nottingham

NG13 8BL

REGISTERED NUMBER:

OC342724 (England and Wales)

ACCOUNTANTS:

RDCB

Accountants

3 The Banks

Bingham

Nottingham

NG13 8BL

FIXED ASSETS

Tangible assets

4

1,753

4,462

CURRENT ASSETS

Debtors

17,145

8,654

Cash at bank

5,054

2,376

22,199

11,030

CREDITORS

Amounts falling due within one year

5

985

1,080

NET CURRENT ASSETS

21,214

9,950

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

22,967

14,412

LOANS AND OTHER DEBTS DUE TO MEMBERS

22,967

14,412

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

22,967

14,412

Amounts due from members

(17,145

)

(8,654

)

5,822

5,758

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 May 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 26 January 2018 and were signed by:

M D Leech - Designated member

1.	STATUTORY INFORMATION

M D Leech Builders 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 etc

-

25% on reducing balance and 15% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2016

1,500

12,500

14,000

Disposals

-

(7,500

)

(7,500

)

At 31 May 2017

1,500

5,000

6,500

DEPRECIATION

At 1 June 2016

746

8,792

9,538

Charge for year

113

371

484

Eliminated on disposal

-

(5,275

)

(5,275

)

At 31 May 2017

859

3,888

4,747

NET BOOK VALUE

At 31 May 2017

641

1,112

1,753

At 31 May 2016

754

3,708

4,462

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

-

120

Other creditors

985

960

985

1,080