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REGISTERED NUMBER: SO307071 (Scotland)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Elmbank Laser Craft LLP

Elmbank Laser Craft LLP (Registered number: SO307071)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Elmbank Laser Craft LLP

General Information
for the Year Ended 31 March 2022







DESIGNATED MEMBERS: S C Mourning
G L Russell





REGISTERED OFFICE: Flat 6
Craignethan Apartments
69 Abbeygreen
Lanark
ML11 0EF





REGISTERED NUMBER: SO307071 (Scotland)





ACCOUNTANTS: Andersons
53 Wellhall Road
Hamilton
Lanarkshire
ML3 9BY

Elmbank Laser Craft LLP (Registered number: SO307071)

Report of the Members
for the Year Ended 31 March 2022

The members present their report with the financial statements of the LLP for the year ended 31 March 2022.

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

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

S C Mourning
G L Russell

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £4,685 (2021 - £4,256 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





G L Russell - Designated member


26 August 2022

Elmbank Laser Craft LLP (Registered number: SO307071)

Income Statement
for the Year Ended 31 March 2022

Period
9.11.20
Year Ended to
31.3.22 31.3.21
Notes £    £   

TURNOVER 18,287 9,611

Cost of sales 7,396 2,872
GROSS PROFIT 10,891 6,739

Administrative expenses 6,206 2,483
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




4,685




4,256

Elmbank Laser Craft LLP (Registered number: SO307071)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,072 4,261

CURRENT ASSETS
Cash at bank 8,337 7,625

CREDITORS
Amounts falling due within one year 6 900 480
NET CURRENT ASSETS 7,437 7,145
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

10,509

11,406

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

10,509

11,406

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 10,509 11,406

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 March 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.

Elmbank Laser Craft LLP (Registered number: SO307071)

Balance Sheet - continued
31 March 2022


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 26 August 2022 and were signed by:




G L Russell - Designated member




S C Mourning - Designated member


Elmbank Laser Craft LLP (Registered number: SO307071)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Elmbank Laser Craft LLP is registered in Scotland. 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.

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

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 (2021 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
9.11.20
Year Ended to
31.3.22 31.3.21
£    £   
Depreciation - owned assets 1,189 495

Elmbank Laser Craft LLP (Registered number: SO307071)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 4,756
DEPRECIATION
At 1 April 2021 495
Charge for year 1,189
At 31 March 2022 1,684
NET BOOK VALUE
At 31 March 2022 3,072
At 31 March 2021 4,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other creditors 900 480

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

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'.