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REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

IRRIG8ION DEPOT LLP

IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


IRRIG8ION DEPOT LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DESIGNATED MEMBERS: C J Clark
R M Callaway
Mrs S L Callaway
Mrs S Clark





REGISTERED OFFICE: Kingmere 34 South Terrace
Littlehampton
West Sussex
BN17 5LD





REGISTERED NUMBER: OC362065 (England and Wales)





ACCOUNTANTS: Evans Weir
The Victoria
25 St Pancras
Chichester
West Sussex
PO19 7LT

IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31ST DECEMBER 2021

The members present their report with the financial statements of the LLP for the year ended 31st December 2021.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of

DESIGNATED MEMBERS
The designated members during the year under review were:

C J Clark
R M Callaway
Mrs S L Callaway
Mrs S Clark

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £21,933 (2020 - £14,583 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





C J Clark - Designated member


22nd July 2022

IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST DECEMBER 2021

2021 2020
Notes £    £   

TURNOVER 220,147 210,034

Cost of sales 135,092 131,662
GROSS PROFIT 85,055 78,372

Administrative expenses 63,124 63,801
OPERATING PROFIT 4 21,931 14,571

Interest receivable and similar income 2 12
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




21,933




14,583

IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 8
Tangible assets 6 3,473 2,500
3,473 2,508

CURRENT ASSETS
Stocks 112,875 88,392
Debtors 7 158,045 173,978
Cash at bank and in hand 10,282 21,241
281,202 283,611
CREDITORS
Amounts falling due within one year 8 284,275 285,719
NET CURRENT LIABILITIES (3,073 ) (2,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

400

400

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 400 400
400 400

TOTAL MEMBERS' INTERESTS
Members' other interests 400 400
Amounts due from members 7 (144,603 ) (146,536 )
(144,203 ) (146,136 )

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 31st December 2021.

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.

IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)

BALANCE SHEET - continued
31ST DECEMBER 2021


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 22nd July 2022 and were signed by:




C J Clark - Designated member




Mrs S L Callaway - Designated member


IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021

1. STATUTORY INFORMATION

Irrig8ion Depot 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

2021 2020
£    £   
Depreciation - owned assets 1,988 1,248
Computer software amortisation 8 8,256

IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2021
and 31st December 2021 41,280
AMORTISATION
At 1st January 2021 41,272
Charge for year 8
At 31st December 2021 41,280
NET BOOK VALUE
At 31st December 2021 -
At 31st December 2020 8

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2021 15,336
Additions 2,961
At 31st December 2021 18,297
DEPRECIATION
At 1st January 2021 12,836
Charge for year 1,988
At 31st December 2021 14,824
NET BOOK VALUE
At 31st December 2021 3,473
At 31st December 2020 2,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 13,442 22,473
Other debtors 144,603 151,505
158,045 173,978

IRRIG8ION DEPOT LLP (REGISTERED NUMBER: OC362065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 40,537 46,439
Taxation and social security 1,541 163
Other creditors 242,197 239,117
284,275 285,719