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REGISTERED NUMBER: OC325146 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

VIDEO NETWORK CONSULTANCY LLP

VIDEO NETWORK CONSULTANCY LLP (REGISTERED NUMBER: OC325146)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VIDEO NETWORK CONSULTANCY LLP

GENERAL INFORMATION
for the year ended 30 June 2023







DESIGNATED MEMBERS: Mr R W Johnson
Mrs W Johnson





REGISTERED OFFICE: 10 Windsor Close
Welwyn
Hertfordshire
AL6 9JZ





REGISTERED NUMBER: OC325146 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

VIDEO NETWORK CONSULTANCY LLP (REGISTERED NUMBER: OC325146)

ABRIDGED BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,981 19,565

CURRENT ASSETS
Debtors 10,490 21,243
Cash at bank 291 3,693
10,781 24,936
CREDITORS
Amounts falling due within one year 14,111 44,501
NET CURRENT LIABILITIES (3,330 ) (19,565 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,651

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

3,651

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 3,651 -
Amounts due from members (10,490 ) (21,243 )
(6,839 ) (21,243 )

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 30 June 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.

VIDEO NETWORK CONSULTANCY LLP (REGISTERED NUMBER: OC325146)

ABRIDGED BALANCE SHEET - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 27 February 2024 and were signed by:





Mr R W Johnson - Designated member

VIDEO NETWORK CONSULTANCY LLP (REGISTERED NUMBER: OC325146)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Video Network Consultancy 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 services, excluding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEE INFORMATION

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

VIDEO NETWORK CONSULTANCY LLP (REGISTERED NUMBER: OC325146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 106,241
Additions 6,000
Disposals (51,383 )
At 30 June 2023 60,858
DEPRECIATION
At 1 July 2022 86,676
Charge for year 2,326
Eliminated on disposal (35,125 )
At 30 June 2023 53,877
NET BOOK VALUE
At 30 June 2023 6,981
At 30 June 2022 19,565

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2022 51,383
Disposals (51,383 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 35,125
Eliminated on disposal (35,125 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 16,258

VIDEO NETWORK CONSULTANCY LLP (REGISTERED NUMBER: OC325146)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 30,852

Hire purchase creditors are secured over the assets to which they relate.

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Other creditors take priority over loans and other debts due to members.

7. RELATED PARTY DISCLOSURES

At the balance sheet date the LLP owed £14,110 (2022 - £13,649) to Videcom Security Limited, a company in which Mr R W Johnson, a designated member of the LLP, is a director.