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2017-10-01 SO306124 2018-09-30 SO306124 2017-10-01 2018-09-30 SO306124 uk-core:WithinOneYear 2018-09-30 SO306124 uk-core:AfterOneYear 2018-09-30 SO306124 uk-bus:PartnerLLP1 2017-10-01 2018-09-30 SO306124 uk-bus:PartnerLLP2 2017-10-01 2018-09-30 SO306124 uk-core:PlantMachinery 2017-10-01 2018-09-30 SO306124 uk-core:OfficeEquipment 2017-10-01 2018-09-30 SO306124 uk-core:MotorVehicles 2017-10-01 2018-09-30 SO306124 uk-core:FurnitureFittings 2017-10-01 2018-09-30 SO306124 uk-core:Buildings 2017-10-01 2018-09-30 SO306124 uk-core:Buildings 2018-09-30 SO306124 uk-core:MotorVehicles 2018-09-30 SO306124 uk-core:FurnitureFittings 2018-09-30 SO306124 uk-core:OfficeEquipment 2018-09-30 SO306124 uk-core:PlantMachinery 2018-09-30 iso4217:GBP xbrli:pure SO306124 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 SO306124 uk-bus:FRS102 2017-10-01 2018-09-30 SO306124 uk-bus:FullAccounts 2017-10-01 2018-09-30 SO306124 uk-bus:LimitedLiabilityPartnershipLLP 2017-10-01 2018-09-30
R.A. Cox (Garage Equipment) LLP
Registered Number:SO306124
For the year ended 30 September 2018
Scotland
Report of the Members and Unaudited Financial Statements
2
For the year ended 30 September 2018
R.A. Cox (Garage Equipment) LLP
Contents Page
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Statement of Financial Position
3 to 4
Notes to the Financial Statements
3
As at 30 September 2018
R.A. Cox (Garage Equipment) LLP
Statement of Financial Position
Registered Number :
SO306124
£
2018
Notes
Fixed assets
Property, plant and equipment
107,493
3
107,493
Current assets
Inventories
1,000
Trade and other receivables
195,448
4
44,231
Cash and cash equivalents
240,679
Trade and other payables: amounts falling due within one
year
(83,825)
5
156,854
Net current assets
Total assets less current liabilities
264,347
Trade and other payables: amounts falling due after more
than one year
(19,137)
6
245,210
Net assets/liabilities attributable to members
Represented by:
Loans and other debts due to members
245,210
7
Total members' interests
Loans and other debts due to members
245,210
7
245,210
For the year ended 30 September 2018 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.
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 affair of the LLP as at the end of each
financial year and of its profit or loss for each 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
Liabilities Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to the
financial statements, so far as applicable to the LLP
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements are prepared in accordance with the provisions applicable to LLP's subject to the small LLP's regime.
Mr A H CoxDesignated Member Director
Miss A OwenDesignated Member Director
These financial statements were approved by the members on 29 April 2019 and signed on their behalf by:
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For the year ended 30 September 2018
R.A. Cox (Garage Equipment) LLP
Notes to the Financial Statements
1. Accounting policies
Statutory Information
R.A. Cox (Garage Equipment) LLP is a limited liability partnership, domiciled in Scotland, registration number
SO306124.
Registered address:
61 Belwood Road
Milton Bridge
Penicuik
EH26 0QN
The presentation currency is £ sterling.
Basis of preparation
The report and financial statements for the year ended 30 September 2018 have been prepared under the historical
cost convention and in accordance with the Section 1A of Financial Reporting Standard 102 ''The Financial
Reporting Standard applicable in the UK and Republic of Ireland'' and the Statement of Recommended Practice
"Accounting by Limited Liability Partnerships".
Turnover
Turnover comprises the value of sales (excluding VAT) of goods and services in the normal course of business. Revenue is recognised on delivery of goods or completion of services.
Taxation
Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these
financial statements.
Depreciation of tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
33% Straight line
Computer Equipment
25% Straight line
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and depreciated over the shorter of the finance term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the hire purchase payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Stock
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial Instruments
Basic financial instruments are initially measured at transaction price and are subsequently carried at amortised cost
using the effective interest rate,
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price.
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For the year ended 30 September 2018
R.A. Cox (Garage Equipment) LLP
Notes to the Financial Statements Continued
2. Interest payable and similar charges
2018
£
Finance charges
1,755
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Property
£
£
£
£
£
£
Cost or
valuation
137,942
1,314
1,606
77,436
930
56,656
Additions
At 30 September
2018
56,656
77,436
1,606
1,314
137,942
930
Provision for depreciation and impairment
Charge for year
30,449
673
241
29,303
232
-
At 30 September
2018
30,449
673
241
29,303
232
-
At 30 September
2018
Net book value
56,656
698
48,133
1,365
641
107,493
4. Trade and other receivables
2018
£
Trade debtors
190,472
Other debtors
4,976
195,448
5. Trade and other payables: amounts falling due within one year
2018
£
Trade creditors
43,628
Taxation and social security
24,830
Obligations under finance leases
12,065
Other creditors
3,302
83,825
6. Trade and other payables: amounts falling due after more than one year
2018
£
The following liabilities disclosed under creditors falling due after one year are secured by the LLP:
Obligations under HP/Financial leases
19,137
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For the year ended 30 September 2018
R.A. Cox (Garage Equipment) LLP
Notes to the Financial Statements Continued
7. Loans and other debts due to members
2018
£
Members' capital classified as a liability
162,548
Amounts due to members in respect of profits
82,662
245,210
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.
8. Average number of persons employed
During the year the average number of employees was 8
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