Bramil Associates LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC363193 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

FOR

BRAMIL ASSOCIATES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M Miltiadous

S Brougham

P Andrea

Mrs D A Andrea

REGISTERED OFFICE:

First Floor

677 High Road

LONDON

N12 0DA

REGISTERED NUMBER:

OC363193 (England and Wales)

ACCOUNTANTS:

Bramil Associates LLP

First Floor

677 High Road

North Finchley

London

N12 0DA

FIXED ASSETS

Tangible assets

4

82,208

64,412

CURRENT ASSETS

Debtors

5

66,802

60,593

Cash at bank

34,792

68,235

101,594

128,828

CREDITORS

Amounts falling due within one year

6

171,872

164,070

NET CURRENT LIABILITIES

(70,278

)

(35,242

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,930

29,170

CREDITORS

Amounts falling due after more than one year

7

11,502

14,472

NET ASSETS ATTRIBUTABLE TO MEMBERS

428

14,698

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

428

14,698

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

428

14,698

Amounts due from members

5

(2,976

)

-

(2,548

)

14,698

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 5 April 2022.

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 December 2022 and were signed by:

M Miltiadous - Designated member

P Andrea - Designated member

1.	STATUTORY INFORMATION

Bramil Associates 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the net invoiced provision of services, excluding VAT.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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 year was 5 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2021

144,354

Additions

45,992

Disposals

(24,755

)

At 5 April 2022

165,591

DEPRECIATION

At 6 April 2021

79,942

Charge for year

21,707

Eliminated on disposal

(18,266

)

At 5 April 2022

83,383

NET BOOK VALUE

At 5 April 2022

82,208

At 5 April 2021

64,412

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.22

5.4.21

£

£

Trade debtors

63,826

60,593

Other debtors

2,976

-

66,802

60,593

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.22

5.4.21

£

£

Bank loans and overdrafts

42,500

-

Hire purchase contracts

14,481

24,797

Trade creditors

9,044

(1

)

Taxation and social security

93,106

116,851

Other creditors

12,741

22,423

171,872

164,070

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.22

5.4.21

£

£

Hire purchase contracts

11,502

14,472

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank behind creditors.