IRIS Accounts Production v24.2.0.383 OC411703 designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4117032023-03-31OC4117032024-03-31OC4117032023-04-012024-03-31OC4117032022-03-31OC4117032022-04-012023-03-31OC4117032023-03-31OC411703ns15:EnglandWales2023-04-012024-03-31OC411703ns14:PoundSterling2023-04-012024-03-31OC411703ns10:PartnerLLP12023-04-012024-03-31OC411703ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31OC411703ns10:SmallEntities2023-04-012024-03-31OC411703ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31OC411703ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31OC411703ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31OC411703ns10:FullAccounts2023-04-012024-03-31OC411703ns10:PartnerLLP22023-04-012024-03-31OC411703ns10:RegisteredOffice2023-04-012024-03-31OC411703ns5:CurrentFinancialInstruments2024-03-31OC411703ns5:CurrentFinancialInstruments2023-03-31OC411703ns5:Non-currentFinancialInstruments2024-03-31OC411703ns5:Non-currentFinancialInstruments2023-03-31OC411703ns5:PlantMachinery2023-04-012024-03-31OC411703ns5:PlantMachinery2023-03-31OC411703ns5:PlantMachinery2024-03-31OC411703ns5:PlantMachinery2023-03-31OC411703ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31OC411703ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31OC411703ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-31OC411703ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31OC411703ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC411703ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC411703ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31OC411703ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31OC411703ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-31OC411703ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-31OC411703ns5:HirePurchaseContracts2024-03-31OC411703ns5:HirePurchaseContracts2023-03-31OC411703ns5:WithinOneYear2024-03-31OC411703ns5:WithinOneYear2023-03-31OC411703ns5:BetweenOneFiveYears2024-03-31OC411703ns5:BetweenOneFiveYears2023-03-31OC411703ns5:AllPeriods2024-03-31OC411703ns5:AllPeriods2023-03-31
REGISTERED NUMBER: OC411703 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Shredded Neat UK LLP

Shredded Neat UK LLP (Registered number: OC411703)

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


Shredded Neat UK LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mrs L J Hannigan
A J Hannigan
Shredded Neat Limited





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC411703 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

Shredded Neat UK LLP (Registered number: OC411703)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 54,395 29,968

CURRENT ASSETS
Debtors 5 58,443 20,053
Cash at bank and in hand 6,750 8,556
65,193 28,609
CREDITORS
Amounts falling due within one year 6 (57,838 ) (13,557 )
NET CURRENT ASSETS 7,355 15,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,750

45,020

CREDITORS
Amounts falling due after more than one
year

7

(4,573

)

(4,725

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

57,177

40,295

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 57,177 40,295
57,177 40,295

TOTAL MEMBERS' INTERESTS
Members' other interests 57,177 40,295

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.

Shredded Neat UK LLP (Registered number: OC411703)

Balance Sheet - continued
31 March 2024


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 22 July 2024 and were signed by:





A J Hannigan - Designated member

Shredded Neat UK LLP (Registered number: OC411703)

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


1. STATUTORY INFORMATION

Shredded Neat UK 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed. Where amounts are received in advance the recognition is deferred until such a time that the above conditions have been met.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method.

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.
Plant and machinery etc - 25% on cost and 15% on cost

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include deposits held at call with banks.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.

Shredded Neat UK LLP (Registered number: OC411703)

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


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The LLP contributes to employee pension schemes and the pension charge represents the amounts payable by the company to the funds in respect of the year.

Provision for liabilities
Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2023 - 3 ) .

Shredded Neat UK LLP (Registered number: OC411703)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 58,219
Additions 43,165
Disposals (6,000 )
At 31 March 2024 95,384
DEPRECIATION
At 1 April 2023 28,251
Charge for year 12,738
At 31 March 2024 40,989
NET BOOK VALUE
At 31 March 2024 54,395
At 31 March 2023 29,968

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

Plant and
machinery
etc
£   
COST
At 1 April 2023 20,537
Additions 11,115
At 31 March 2024 31,652
DEPRECIATION
At 1 April 2023 6,417
Charge for year 3,636
At 31 March 2024 10,053
NET BOOK VALUE
At 31 March 2024 21,599
At 31 March 2023 14,120

Shredded Neat UK LLP (Registered number: OC411703)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,381 16,246
Other debtors 34,062 3,807
58,443 20,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 7,774 4,725
Trade creditors 42,112 366
Taxation and social security 2,608 2,537
Other creditors 5,344 5,929
57,838 13,557

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 8) 4,573 4,725

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 7,774 4,725
Between one and five years 4,573 4,725
12,347 9,450

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 42,000 42,000
Between one and five years 80,500 122,500
122,500 164,500

Shredded Neat UK LLP (Registered number: OC411703)

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


9. RELATED PARTY DISCLOSURES

As at the balance sheet date £3,000 (2023: £3,000) was owing to an entity connected connected to key management control. The amount is interest free, repayable on demand and included within other creditors falling due within one year.