|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2018 |
|
for |
|
24/7 Cars LLP |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2018 |
|
for |
|
24/7 Cars LLP |
24/7 Cars LLP (Registered number: SO300247) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
|
|
|
|
Page |
|
General Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Chartered Accountants' Report | 7 |
24/7 Cars LLP |
|
General Information |
for the Year Ended 31 March 2018 |
|
|
|
|
|
|
|
DESIGNATED MEMBERS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
29 Portland Road |
Kilmarnock |
KA1 2BY |
24/7 Cars LLP (Registered number: SO300247) |
|
Balance Sheet |
31 March 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
|
|
NET ASSETS ATTRIBUTABLE TO
MEMBERS |
59,008 |
51,760 |
24/7 Cars LLP (Registered number: SO300247) |
|
Balance Sheet - continued |
31 March 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
LOANS AND OTHER DEBTS DUE TO
MEMBERS |
9 |
58,258 |
51,010 |
|
MEMBERS' OTHER INTERESTS |
Capital accounts | 750 | 750 |
59,008 | 51,760 |
|
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 9 | 58,258 | 51,010 |
Members' other interests | 750 | 750 |
Amounts due from members | 6 | (4,490 | ) | (815 | ) |
54,518 | 50,945 |
|
|
|
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. |
|
|
|
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 on
|
|
|
|
|
|
|
24/7 Cars LLP (Registered number: SO300247) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
|
1. | STATUTORY INFORMATION |
|
24/7 Cars LLP is registered in Scotland. The LLP's registered number and registered office address can be found |
on the General Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Significant judgements and estimates |
There are no significant judgements and estimates within n the financial statements. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Goodwill |
Goodwill is not amortised. The members are of the opinion that the carrying value represents the fair value of |
Goodwill |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Motor vehicles | - |
|
Office equipment | - |
|
|
Basic financial instruments |
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective |
interest method, less any impairment. |
|
Creditors |
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, |
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost |
using the effective interest method. |
|
3. | EMPLOYEE INFORMATION |
|
The average number of employees during the year was NIL (2017 - 5 ). |
24/7 Cars LLP (Registered number: SO300247) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
5. | TANGIBLE FIXED ASSETS |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2017 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) |
|
( |
) |
At 31 March 2018 |
|
|
|
DEPRECIATION |
At 1 April 2017 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal | ( |
) |
|
( |
) |
At 31 March 2018 |
|
|
|
NET BOOK VALUE |
At 31 March 2018 |
|
|
|
At 31 March 2017 |
|
|
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
24/7 Cars LLP (Registered number: SO300247) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
|
|
|
9. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
2018 | 2017 |
£ | £ |
Amounts owed to members in respect of profits | 58,258 | 51,010 |
|
Falling due within one year | 58,258 | 51,010 |
|
10. | RELATED PARTY DISCLOSURES |
|
Other than transactions with the members there are no other known or undisclosed related party transactions. |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
24/7 Cars LLP |
|
The following reproduces the text of the report prepared for the members in respect of the LLP's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a |
Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Members are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability |
Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your |
approval the financial statements of 24/7 Cars LLP for the year ended 31 March 2018 which comprise the Income |
Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and |
explanations you have given us. |
|
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
|
This report is made solely to the members of 24/7 Cars LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 24/7 Cars LLP and state those matters that we have agreed to state to the members of 24/7 Cars LLP, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report. |
|
It is your duty to ensure that 24/7 Cars LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 24/7 Cars LLP. You consider that 24/7 Cars LLP is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of 24/7 Cars LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Accountants |
29 Portland Road |
Kilmarnock |
KA1 2BY |
|
|
|