C and D Plumbers Merchants LLP - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: OC386849 (England and Wales)

C and D Plumbers Merchants LLP

Financial Statements

for the Year Ended 31 May 2022

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

160,500

92,675

CURRENT ASSETS

Debtors

5

42,649

70,523

Cash at bank and in hand

108,160

89,563

150,809

160,086

CREDITORS

Amounts falling due within one year

6

135,628

78,546

NET CURRENT ASSETS

15,181

81,540

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

175,681

174,215

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

175,681

174,215

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

175,681

174,215

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 May 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 14 February 2023 and were signed by:

J Clydesdale - Designated member

C D Drake - Designated member

1.	STATUTORY INFORMATION

C and D Plumbers Merchants LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC386849

Registered office:

Riverside House

Gelderd Road

Leeds

West Yorkshire

LS12 6DR

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.

This is the first period in which the financial statements have been prepared under FRS 102. No adjustments were required as a result of transition.

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.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 June 2021

-

108,545

108,545

Additions

3,950

104,715

108,665

At 31 May 2022

3,950

213,260

217,210

DEPRECIATION

At 1 June 2021

-

15,870

15,870

Charge for year

325

40,515

40,840

At 31 May 2022

325

56,385

56,710

NET BOOK VALUE

At 31 May 2022

3,625

156,875

160,500

At 31 May 2021

-

92,675

92,675

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 June 2021

70,275

Additions

84,754

At 31 May 2022

155,029

DEPRECIATION

At 1 June 2021

12,725

Charge for year

26,021

At 31 May 2022

38,746

NET BOOK VALUE

At 31 May 2022

116,283

At 31 May 2021

57,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by participating interests

40,672

68,207

Other debtors

1,977

2,316

42,649

70,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

-

53,594

Hire purchase contracts

109,997

-

Trade creditors

15,980

3,743

Taxation and social security

9,651

10,461

Other creditors

-

10,748

135,628

78,546

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.