The J S Design Partnership LLP - Accounts to registrar (filleted) - small 18.2

The J S Design Partnership LLP - Accounts to registrar (filleted) - small 18.2

THE J S DESIGN PARTNERSHIP LLP - Company Information

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THE J S DESIGN PARTNERSHIP LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018





Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY








THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE J S DESIGN PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DESIGNATED MEMBERS: M R Jeffrey
S Acaster
A L Bean





REGISTERED OFFICE: 2 Taunton Street
Unit 5 Peel House
Shipley
West Yorkshire
BD18 3NA





REGISTERED NUMBER: OC392311 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY
Page 1
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,782 16,655

CURRENT ASSETS
Debtors 5 194,899 184,248
Cash at bank 203,574 48,454
398,473 232,702
CREDITORS
Amounts falling due within one year 6 34,202 29,805
NET CURRENT ASSETS 364,271 202,897
TOTAL ASSETS LESS CURRENT LIABILITIES 374,053 219,552

CREDITORS
Amounts falling due after more than one year 7 1,667 5,667
NET ASSETS ATTRIBUTABLE TO MEMBERS 372,386 213,885

LOANS AND OTHER DEBTS DUE TO MEMBERS 372,386 213,885

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 372,386 213,885

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 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 notes form part of these financial statements

Page 2 continued...
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

BALANCE SHEET - continued
31 MARCH 2018


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 18 July 2018 and were signed by:





M R Jeffrey - Designated member

The notes form part of these financial statements

Page 3
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

The J S Design Partnership 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 year was 8 (2017 - 6 ) .

Page 4 continued...
THE J S DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC392311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 - 18,225 16,332 34,557
Additions 1,271 - - 1,271
At 31 March 2018 1,271 18,225 16,332 35,828
DEPRECIATION
At 1 April 2017 - 7,973 9,929 17,902
Charge for year 191 2,563 5,390 8,144
At 31 March 2018 191 10,536 15,319 26,046
NET BOOK VALUE
At 31 March 2018 1,080 7,689 1,013 9,782
At 31 March 2017 - 10,252 6,403 16,655

The net book value of tangible fixed assets includes £ 7,689 (2017 - £ 10,252 ) in respect of assets held under hire
purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 194,899 184,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 4,000 4,000
Trade creditors 43 547
Social security and other taxes 5,641 3,584
VAT 22,154 19,782
Other creditors 199 142
Accrued expenses 2,165 1,750
34,202 29,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.18 31.3.17
£    £   
Hire purchase contracts 1,667 5,667

Page 5