Brock And Houlford LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC417258 (England and Wales)

Unaudited Financial Statements

for the Period 9 May 2017 to 31 March 2018

for

Brock And Houlford LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M R Brock

M Houlford

REGISTERED OFFICE:

32 Eagle Road

Brislington

Bristol

BS4 3LJ

REGISTERED NUMBER:

OC417258 (England and Wales)

ACCOUNTANTS:

Grafton Jones

Chartered Tax Advisors

and Business Accountants

2 Temple Street

Bristol

BS31 1EG

FIXED ASSETS

Tangible assets

4

38,006

CURRENT ASSETS

Stocks

67,093

Debtors

5

41,192

Cash at bank and in hand

53,340

161,625

CREDITORS

Amounts falling due within one year

6

(12,436

)

NET CURRENT ASSETS

149,189

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

187,195

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

99,745

MEMBERS' OTHER INTERESTS

Capital accounts

87,450

187,195

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

99,745

Members' other interests

87,450

187,195

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 period ended 31 March 2018.

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 July 2018 and were signed by:

M R Brock - Designated member

M Houlford - Designated member

1.	STATUTORY INFORMATION

Brock And Houlford 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.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 6 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

Additions

9,353

15,877

6,535

11,845

43,610

At 31 March 2018

9,353

15,877

6,535

11,845

43,610

DEPRECIATION

Charge for period

779

1,984

1,361

1,480

5,604

At 31 March 2018

779

1,984

1,361

1,480

5,604

NET BOOK VALUE

At 31 March 2018

8,574

13,893

5,174

10,365

38,006

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

37,429

VAT

3,763

41,192

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

10,290

Social security and other taxes

435

Other creditors

23

Accrued expenses

1,688

12,436

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a

winding up.

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other

interests'.