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REGISTERED NUMBER: OC369291 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ARC Luton LLP

ARC Luton LLP (Registered number: OC369291)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARC Luton LLP

General Information
for the Year Ended 31 March 2024







Designated members: Mr Jeremy Cork
Mrs Deborah Cork





Registered office: 87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH





Registered number: OC369291 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

ARC Luton LLP (Registered number: OC369291)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 7,359 6,650

Current assets
Stocks 133,379 127,731
Debtors 5 358,242 537,665
Cash at bank 277,199 158,587
768,820 823,983
Creditors
Amounts falling due within one year 6 653,641 638,383
Net current assets 115,179 185,600
Total assets less current liabilities 122,538 192,250

Creditors
Amounts falling due after more than
one year

7

121,701

191,413
Net assets attributable to members 837 837

ARC Luton LLP (Registered number: OC369291)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £ £ £ £
Loans and other debts due to
members

9

837

837

Total members' interests
Loans and other debts due to
members

9

837

837
Amounts due from members 5 (177,295 ) (263,045 )
(176,458 ) (262,208 )

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 2024.

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 29 July 2024 and were signed by:





Mr Jeremy Cork - Designated member

ARC Luton LLP (Registered number: OC369291)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

ARC Luton 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.
Land and buildings - over the unexpired term of the lease
Plant and machinery etc - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 26 (2023 - 24 ) .

ARC Luton LLP (Registered number: OC369291)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 April 2023 35,657 256,652 292,309
Additions - 4,060 4,060
Disposals - (19,996 ) (19,996 )
At 31 March 2024 35,657 240,716 276,373
Depreciation
At 1 April 2023 35,657 250,002 285,659
Charge for year - 3,351 3,351
Eliminated on disposal - (19,996 ) (19,996 )
At 31 March 2024 35,657 233,357 269,014
Net book value
At 31 March 2024 - 7,359 7,359
At 31 March 2023 - 6,650 6,650

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 148,904 237,083
Other debtors 209,338 300,582
358,242 537,665

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 226,658 63,018
Trade creditors 121,418 135,492
Taxation and social security 75,467 46,405
Other creditors 230,098 393,468
653,641 638,383

ARC Luton LLP (Registered number: OC369291)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 88,172 157,982
Other creditors 33,529 33,431
121,701 191,413

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 136,980 81,006
Between one and five years 183,948 144,000
In more than five years 99,000 135,000
419,928 360,006

9. Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

10. Guarantees and other financial commitments

The LLP had total guarantees and commitments at the balance sheet date of £500,000 (2023: £500,000). The security provided consists of a fixed and floating charge over all of the assets of the LLP.