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Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Elgee Pinks LLP

Elgee Pinks LLP (Registered number: OC356174)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elgee Pinks LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: J E Elgee
N H Pinks





REGISTERED OFFICE: 1st Floor
78-80 High Street
Reigate
Surrey
RH2 9AP





REGISTERED NUMBER: OC356174 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Elgee Pinks LLP (Registered number: OC356174)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,901 8,041

CURRENT ASSETS
Debtors 5 159,252 164,691
Cash in hand 1,329 2,575
160,581 167,266
CREDITORS
Amounts falling due within one year 6 72,713 96,122
NET CURRENT ASSETS 87,868 71,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,769

79,185

CREDITORS
Amounts falling due after more than one
year

7

26,100

36,333
NET ASSETS ATTRIBUTABLE TO
MEMBERS

70,669

42,852

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

70,669

42,852

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 70,669 42,852

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.

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 8 September 2023 and were signed by:




N H Pinks - Designated member

Elgee Pinks LLP (Registered number: OC356174)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Elgee Pinks 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.

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 - Straight line over 3 years

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 41,413 10,977 52,390
Additions - 3,342 3,342
At 31 March 2023 41,413 14,319 55,732
DEPRECIATION
At 1 April 2022 34,408 9,941 44,349
Charge for year 1,751 731 2,482
At 31 March 2023 36,159 10,672 46,831
NET BOOK VALUE
At 31 March 2023 5,254 3,647 8,901
At 31 March 2022 7,005 1,036 8,041

Elgee Pinks LLP (Registered number: OC356174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,099 70,492
Accrued Income 77,100 69,264
Prepayments and accrued income 27,053 24,935
159,252 164,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 31,070 40,857
Other loans (see note 8) 20,056 22,997
Trade creditors - 1,194
Social security and other taxes 1,288 1,660
VAT 13,965 23,089
Accrued expenses 6,334 6,325
72,713 96,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 26,100 36,333

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 20,827 30,541
Bank loans - less than 1 yr 10,243 10,316
Loans 20,056 22,997
51,126 63,854

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,165 10,238

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,935 26,095

The company has a loan which is repayable over 12m and unsecured.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 20,827 30,541

The bank hold a debenture over the assets of the business. The members have given personal guarantees for the bank overdraft.

Elgee Pinks LLP (Registered number: OC356174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members, other than members' capital classified as debt, rank after amounts due to other creditors.

11. ULTIMATE CONTROLLING PARTY

The LLP is under the control of J Elgee and N Pinks.