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Financial Statements for the Year Ended 30 April 2018 |
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Summers Solicitors LLP |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 30 April 2018 |
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for |
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Summers Solicitors LLP |
Summers Solicitors LLP (Registered number: OC324473) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
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Page |
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General Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Summers Solicitors LLP |
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General Information |
for the Year Ended 30 April 2018 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Archway House |
81-82 Portsmouth Road |
Surbiton |
Surrey |
KT6 5PT |
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BANKERS: |
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Cavendish Square |
Chatham Customer Service Centre |
Western Avenue, Waterside |
Chatham Maritime |
Kent |
ME4 4RT |
Summers Solicitors LLP (Registered number: OC324473) |
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Balance Sheet |
30 April 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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and |
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
164,680 |
465,986 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
6 |
164,680 |
465,986 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 6 | 164,680 | 465,986 |
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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. |
Summers Solicitors LLP (Registered number: OC324473) |
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Balance Sheet - continued |
30 April 2018 |
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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. |
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For and on behalf of Summers Law Limited the members of the LLP on
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Summers Solicitors LLP (Registered number: OC324473) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
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1. | STATUTORY INFORMATION |
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Summers Solicitors LLP is registered in England and Wales. The LLP's registered number and registered office |
address can be found on the General Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the value, net of value added tax, of work carried out in respect of services provided to |
clients. |
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Tangible fixed assets |
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Computer equipment - 15% on reducing balance |
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Fixture & fittings - 15% on reducing balance |
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Plant & machinery - 25% on reducing balance |
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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. |
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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. |
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Revenue recognition |
In accordance with the principles of revenue recognition, income is recognised as the right to consideration |
obtained through performance of contractual obligations. |
Summers Solicitors LLP (Registered number: OC324473) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2017 |
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Additions |
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At 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Social security and other taxes |
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VAT | 68,066 | 73,635 |
Other creditors |
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Accruals and deferred income |
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6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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2018 | 2017 |
£ | £ |
Amounts owed to members in respect of profits | 274,593 | 471,677 |
Falling due within one year | 274,593 | 471,677 |
Summers Solicitors LLP (Registered number: OC324473) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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7. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |