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REGISTERED NUMBER: OC300209 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DPS TECHNOLOGY GROUP LLP

DPS TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC300209)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DPS TECHNOLOGY GROUP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: D B Willingham
J R Hart





REGISTERED OFFICE: 1st Floor
No 3 Cromwell Court
Greyfriars Road
Ipswich
Suffolk
IP1 1UP





REGISTERED NUMBER: OC300209 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

DPS TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC300209)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,166 7,838
Investments 5 10,000 10,000
17,166 17,838

CURRENT ASSETS
Stocks 15,622 8,855
Debtors 6 205,952 127,493
Cash at bank and in hand 239,669 296,763
461,243 433,111
CREDITORS
Amounts falling due within one year 7 136,843 120,345
NET CURRENT ASSETS 324,400 312,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,566

330,604

CREDITORS
Amounts falling due after more than one
year

8

21,646

31,733
NET ASSETS ATTRIBUTABLE TO
MEMBERS

319,920

298,871

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

319,920

298,871

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 319,920 298,871

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 2023.

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.

DPS TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC300209)

BALANCE SHEET - continued
31 MARCH 2023


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

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 and authorised for issue on 2 November 2023 and were signed by:




D B Willingham - Designated member




J R Hart - Designated member


DPS TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC300209)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

DPS Technology Group LLP is registered in England and Wales. 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
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 represents net invoiced sales of goods and services, except in relation to annual maintenance contracts, where income is recognised over the period of the contract. Turnover excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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.

Taxation
Taxation al all LLP profits is solely the liability of individual members, consequently neither taxation nor related deferred taxation are accounted for in these financial statements. Amounts retained for personal taxation liabilities of members are treated in the same way as other profits of the LLP and so are included in creditors and amounts due to members.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2022 - 4 ) .

DPS TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC300209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 23,592 25,342 48,934
Additions 600 720 1,320
At 31 March 2023 24,192 26,062 50,254
DEPRECIATION
At 1 April 2022 19,189 21,907 41,096
Charge for year 809 1,183 1,992
At 31 March 2023 19,998 23,090 43,088
NET BOOK VALUE
At 31 March 2023 4,194 2,972 7,166
At 31 March 2022 4,403 3,435 7,838

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 10,000
At 31 March 2022 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 197,162 119,360
Other debtors 8,790 8,133
205,952 127,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,021 9,934
Trade creditors 68,080 54,431
Taxation and social security 34,451 30,493
Other creditors 24,291 25,487
136,843 120,345

DPS TECHNOLOGY GROUP LLP (REGISTERED NUMBER: OC300209)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,646 31,733

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Amounts owed to members in respect of profits 299,920 278,871
Capital account 20,000 20,000
319,920 298,871

Falling due within one year 319,920 298,871

In the event of a winding up, loans and other debts due to members maybe set off against amounts due from members included in debtors, but would otherwise rank as unsecured creditors. Members other interests rank after unsecured creditors.

There are no such restrictions or limitations existing on the ability of the members to reduce the amount of 'Members' other interests'.