Belmont Trade and Commerce LLP - Accounts to registrar (filleted) - small 18.2

Belmont Trade and Commerce LLP - Accounts to registrar (filleted) - small 18.2

BELMONT TRADE AND COMMERCE LLP - Company Information

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REGISTERED NUMBER: OC327923 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Belmont Trade and Commerce LLP
Belmont Trade and Commerce LLP (Registered number: OC327923)






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


Belmont Trade and Commerce LLP

General Information
for the Year Ended 31 March 2018







DESIGNATED MEMBERS: I R Williams
Mrs D Williams





REGISTERED OFFICE: Harmile House
54 St Marys Lane
Upminster
Essex
RM14 2QT





REGISTERED NUMBER: OC327923 (England and Wales)
Page 1
Belmont Trade and Commerce LLP (Registered number: OC327923)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 148 1,282

CURRENT ASSETS
Stocks 48,125 159,160
Debtors 4 175,042 389,745
Cash at bank 160,723 60,218
383,890 609,123
CREDITORS
Amounts falling due within one year 5 129,450 350,817
NET CURRENT ASSETS 254,440 258,306
TOTAL ASSETS LESS CURRENT
LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
254,588
259,588

LOANS AND OTHER DEBTS DUE TO
MEMBERS
6
113,172
118,172

MEMBERS' OTHER INTERESTS
Other reserves 141,416 141,416
254,588 259,588

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 113,172 118,172
Members' other interests 141,416 141,416
Amounts due from members 4 (95,012 ) (34,038 )
159,576 225,550

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...
Belmont Trade and Commerce LLP (Registered number: OC327923)

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 27 December 2018 and were signed by:





I R Williams - Designated member

The notes form part of these financial statements

Page 3
Belmont Trade and Commerce LLP (Registered number: OC327923)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Belmont Trade and Commerce 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 13,996
DEPRECIATION
At 1 April 2017 12,714
Charge for year 1,134
At 31 March 2018 13,848
NET BOOK VALUE
At 31 March 2018 148
At 31 March 2017 1,282

Page 4 continued...
Belmont Trade and Commerce LLP (Registered number: OC327923)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 77,173 350,283
Other debtors 97,869 39,462
175,042 389,745

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 115,279 322,990
Other creditors 14,171 27,827
129,450 350,817

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Debts due to members rank equally with other creditors in the event of a winding up.

Page 5