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REGISTERED NUMBER: OC357128 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 August 2023

for

R S Prepress Services LLP

R S Prepress Services LLP (Registered number: OC357128)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


R S Prepress Services LLP

General Information
for the Year Ended 31 August 2023







DESIGNATED MEMBERS: S D Ison
Mrs D Ison





REGISTERED OFFICE: Unit D
South Cambridge Business Pk
Babraham Road, Sawston
Cambridge
CB22 3JH





REGISTERED NUMBER: OC357128 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

R S Prepress Services LLP (Registered number: OC357128)

Report of the Members
for the Year Ended 31 August 2023

The members present their report with the financial statements of the LLP for the year ended 31 August 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of the supply, installation and support of prepress services.

DESIGNATED MEMBERS
The designated members during the year under review were:

S D Ison
Mrs D Ison

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £44,122 (2022 - £40,190 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





S D Ison - Designated member


27 August 2024

R S Prepress Services LLP (Registered number: OC357128)

Income Statement
for the Year Ended 31 August 2023

2023 2022
Notes £    £   

TURNOVER 99,591 90,859

Cost of sales 23,942 16,974
GROSS PROFIT 75,649 73,885

Administrative expenses 31,527 33,695
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




44,122




40,190

R S Prepress Services LLP (Registered number: OC357128)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 1,214
Tangible assets 6 26 52
26 1,266

CURRENT ASSETS
Debtors 7 22,007 22,822
Cash at bank 5,396 3,322
27,403 26,144
CREDITORS
Amounts falling due within one year 8 5,176 5,788
NET CURRENT ASSETS 22,227 20,356
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

22,253

21,622

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

22,253

21,622

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 22,253 21,622
Amounts due from members 7 (14,873 ) (15,614 )
7,380 6,008

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 August 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.

R S Prepress Services LLP (Registered number: OC357128)

Balance Sheet - continued
31 August 2023


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

The financial statements were approved by the members of the LLP and authorised for issue on 27 August 2024 and were signed by:





S D Ison - Designated member

R S Prepress Services LLP (Registered number: OC357128)

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

1. STATUTORY INFORMATION

R S Prepress Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost and at varying rates on cost

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.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 26 673
Goodwill amortisation 1,214 1,213

R S Prepress Services LLP (Registered number: OC357128)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 6,067
AMORTISATION
At 1 September 2022 4,853
Charge for year 1,214
At 31 August 2023 6,067
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 1,214

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 4,244
DEPRECIATION
At 1 September 2022 4,192
Charge for year 26
At 31 August 2023 4,218
NET BOOK VALUE
At 31 August 2023 26
At 31 August 2022 52

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,453 6,858
Other debtors 15,554 15,964
22,007 22,822

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (692 ) 508
Taxation and social security 4,088 3,576
Other creditors 1,780 1,704
5,176 5,788

R S Prepress Services LLP (Registered number: OC357128)

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

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.