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 2020

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

Co Durham

DL3 7RT

FIXED ASSETS

Tangible assets

4

199,719

207,541

Investments

5

1

1

199,720

207,542

CURRENT ASSETS

Debtors

6

1,004,840

1,107,231

Cash at bank and in hand

250,651

67,915

1,255,491

1,175,146

CREDITORS

Amounts falling due within one year

7

511,322

522,462

NET CURRENT ASSETS

744,169

652,684

TOTAL ASSETS LESS CURRENT LIABILITIES

943,889

860,226

CREDITORS

Amounts falling due after more than one year

8

65,303

100,511

NET ASSETS ATTRIBUTABLE TO MEMBERS

878,586

759,715

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

878,586

759,715

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

878,586

759,715

Amounts due from members

6

-

(7,930

)

878,586

751,785

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 2020.

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 and authorised for issue on 8 October 2020 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.

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 70 (2019 - 63 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

Leasehold

office

Motor

Computer

improvements

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2019

30,054

283,964

19,565

166,550

500,133

Additions

-

-

-

39,390

39,390

At 31 March 2020

30,054

283,964

19,565

205,940

539,523

DEPRECIATION

At 1 April 2019

30,054

143,554

19,565

99,419

292,592

Charge for year

-

17,910

-

29,302

47,212

At 31 March 2020

30,054

161,464

19,565

128,721

339,804

NET BOOK VALUE

At 31 March 2020

-

122,500

-

77,219

199,719

At 31 March 2019

-

140,410

-

67,131

207,541

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2019

and 31 March 2020

27

PROVISIONS

At 1 April 2019

and 31 March 2020

26

NET BOOK VALUE

At 31 March 2020

1

At 31 March 2019

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

584,937

635,561

Amounts due from members

-

7,930

Amounts recoverable on

contracts

329,253

267,457

Amounts due from related

undertakings

165

5,343

Prepayments

90,485

190,940

1,004,840

1,107,231

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Loans

17,195

88,855

Trade creditors

89,701

62,588

Taxation and social security

140,021

125,364

Other creditors

31,079

51,953

Amounts due to related undertakings

1,200

-

Accruals and deferred income

232,126

193,702

511,322

522,462

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Loans

6,036

23,231

Accruals and deferred income

59,267

77,280

65,303

100,511

9.	LEASING AGREEMENTS

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

2020

2019

£

£

Within one year

168,508

175,005

Between one and five years

448,697

525,205

In more than five years

276,000

368,000

893,205

1,068,210

10.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Loans

23,231

112,086

Loans 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.