Jacksons Commercial & Private Law LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC305011 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Jacksons Commercial & Private Law LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G Skeoch

A J Wentworth

S A Wiles

J E Armitage

REGISTERED OFFICE:

17 Falcon Court

Preston Farm Ind Estate

STOCKTON ON TEES

TS18 3TU

REGISTERED NUMBER:

OC305011 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

County Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

207,541

188,225

Investments

5

1

1

207,542

188,226

CURRENT ASSETS

Debtors

6

1,107,231

1,069,733

Cash at bank and in hand

67,915

1,109

1,175,146

1,070,842

CREDITORS

Amounts falling due within one year

7

522,462

613,290

NET CURRENT ASSETS

652,684

457,552

TOTAL ASSETS LESS CURRENT LIABILITIES

860,226

645,778

CREDITORS

Amounts falling due after more than one year

8

100,511

124,072

NET ASSETS ATTRIBUTABLE TO MEMBERS

759,715

521,706

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

759,715

521,706

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

759,715

521,706

Amounts due from members

6

(7,930

)

(12,979

)

751,785

508,727

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 2019.

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 applicable to LLPs subject to the small LLPs regime.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP on 2 October 2019 and were signed by:

A J Wentworth - Designated member

1.	STATUTORY INFORMATION

Jacksons Commercial & Private Law 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year, and have also been consistently applied within the same

accounts.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the year excluding

sales tax and third-party invoiced disbursements. Revenue is recognised on an individual engagement basis

when the right to consideration has been obtained from the client in exchange for work performed and where the

recoverability of the consideration can be assessed with reasonable certainty. Turnover in respect of contingent

fee assignments (over and above any agreed minimum fee) is only recognised when the contingent event occurs

and collectability of the fee is assured.

Unbilled turnover on individual client assignments is included in amounts recoverable on contracts within

debtors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

over period of the lease

Fixtures, fittings and office equipment

-

25% on cost, 15% on cost and over period of the lease

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Leasing commitments

Rentals charged under operating leases are recognised in the profit and loss account in the period to which they

relate.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those eld

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 shorter.

The interest element of these obligations is charged to the profit and loss accounts over the relevant period. The

capital element of the future payments is treated as a liability.

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.

Investments

Investments held as fixed assets are stated at cost less provision for any impairment in value.

Operating leases

All operating leases are charged to the profit and loss account on a straight line basis over the lease term.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 63 (2018 - 61 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

Leasehold

office

Motor

Computer

improvements

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2018

30,054

278,637

19,565

103,132

431,388

Additions

-

5,327

-

63,418

68,745

At 31 March 2019

30,054

283,964

19,565

166,550

500,133

DEPRECIATION

At 1 April 2018

30,054

121,218

16,304

75,587

243,163

Charge for year

-

22,336

3,261

23,832

49,429

At 31 March 2019

30,054

143,554

19,565

99,419

292,592

NET BOOK VALUE

At 31 March 2019

-

140,410

-

67,131

207,541

At 31 March 2018

-

157,419

3,261

27,545

188,225

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

27

PROVISIONS

At 1 April 2018

and 31 March 2019

26

NET BOOK VALUE

At 31 March 2019

1

At 31 March 2018

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

635,561

614,142

Amounts due from members

7,930

12,979

Amounts recoverable on

contracts

267,457

251,204

Amounts due from related

undertakings

5,343

22,812

Prepayments

190,940

168,596

1,107,231

1,069,733

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

60,554

Loans

88,855

170,731

Trade creditors

62,588

65,175

Taxation and social security

125,364

124,377

Other creditors

51,953

55,703

Accruals and deferred income

193,702

136,750

522,462

613,290

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Loans

23,231

-

Other creditors

-

36,822

Accruals and deferred income

77,280

87,250

100,511

124,072

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

175,005

147,157

Between one and five years

525,205

589,441

In more than five years

368,000

460,000

1,068,210

1,196,598

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdraft

-

60,554

Loans

112,086

170,731

112,086

231,285

Loans and overdraft are secured by a fixed and floating charge over the LLP's assets.

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

up.