Registered number
OC412925
Decksaver Design Holdings llp
Unaudited Filleted Accounts
31 March 2023
Decksaver Design Holdings llp
Registered number: OC412925
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 1,622 2,162
Current assets
Debtors 3 38,651 63,193
Cash at bank and in hand 150,498 292,870
189,149 356,063
Creditors: amounts falling due within one year 4 (18,327) (15,640)
Net current assets 170,822 340,423
Total assets less current liabilities 172,444 342,585
Net assets attributable to members 172,444 342,585
Represented by:
Loans and other debts due to members 5 172,444 342,585
Members' other interests
Other reserves - -
172,444 342,585
Total members' interests
Loans and other debts due to members 5 172,444 342,585
Members' other interests - -
172,444 342,585
For the year ended 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 27 October 2023 and signed on their behalf by:
Mustafa El Etriby
Designated member
Decksaver Design Holdings llp
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,836
At 31 March 2023 3,836
Depreciation
At 1 April 2022 1,674
Charge for the year 540
At 31 March 2023 2,214
Net book value
At 31 March 2023 1,622
At 31 March 2022 2,162
3 Debtors 2023 2022
£ £
Trade debtors 38,651 63,193
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs 17,327 14,640
Other creditors 1,000 1,000
18,327 15,640
5 Loans and other debts due to members 2023 2022
£ £
Amounts due to members in respect of profits 172,444 342,585
Amounts falling due within one year 172,444 342,585
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 Number of Employees 2023 2022
Number Number
Average number of persons employed by the company - -
7 Other information
Decksaver Design Holdings llp is a limited liability partnership incorporated in England. Its registered office is:
25 Abbey Crags Way
Knaresborough
HG5 8EF
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