Acorah Software Products - Accounts Production 14.5.601 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 OC421033 Mrs Gillian Mary Egan Mr Richard Paul Carton Egan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC421033 2023-04-05 OC421033 2024-04-05 OC421033 2023-04-06 2024-04-05 OC421033 frs-core:CurrentFinancialInstruments 2024-04-05 OC421033 frs-core:Non-currentFinancialInstruments 2024-04-05 OC421033 frs-core:MotorVehicles 2024-04-05 OC421033 frs-core:MotorVehicles 2023-04-06 2024-04-05 OC421033 frs-core:MotorVehicles 2023-04-05 OC421033 frs-core:PlantMachinery 2024-04-05 OC421033 frs-core:PlantMachinery 2023-04-06 2024-04-05 OC421033 frs-core:PlantMachinery 2023-04-05 OC421033 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-06 2024-04-05 OC421033 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-06 2024-04-05 OC421033 frs-bus:FilletedAccounts 2023-04-06 2024-04-05 OC421033 frs-bus:SmallEntities 2023-04-06 2024-04-05 OC421033 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 OC421033 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 OC421033 frs-countries:EnglandWales 2023-04-06 2024-04-05 OC421033 frs-bus:PartnerLLP1 2023-04-06 2024-04-05 OC421033 frs-bus:PartnerLLP2 2023-04-06 2024-04-05 OC421033 2022-04-05 OC421033 2023-04-05 OC421033 2022-04-06 2023-04-05 OC421033 frs-core:CurrentFinancialInstruments 2023-04-05 OC421033 frs-core:Non-currentFinancialInstruments 2023-04-05
Registered number: OC421033
Egan Digital Laboratory LLP
Unaudited Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC421033
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,746 74,327
55,746 74,327
CURRENT ASSETS
Stocks 5 4,952 6,478
Debtors 6 5,301 3,722
Cash at bank and in hand 45,862 56,649
56,115 66,849
Creditors: Amounts Falling Due Within One Year 7 (21,572 ) (47,390 )
NET CURRENT ASSETS (LIABILITIES) 34,543 19,459
TOTAL ASSETS LESS CURRENT LIABILITIES 90,289 93,786
Creditors: Amounts Falling Due After More Than One Year 8 - (6,505 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 90,289 87,281
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 90,289 87,281
90,289 87,281
90,289 87,281
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 90,289 87,281
90,289 87,281
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Page 2
For the year ending 5 April 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs Gillian Mary Egan
Designated Member
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Egan Digital Laboratory LLP is a limited liability partnership, incorporated in England & Wales, registered number OC421033 . The Registered Office is Unit 9, Canal Side, Dallamires Lane, Ripon, HG4 1TT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 6 April 2023 69,376 90,782 160,158
As at 5 April 2024 69,376 90,782 160,158
Depreciation
As at 6 April 2023 50,169 35,662 85,831
Provided during the period 4,801 13,780 18,581
As at 5 April 2024 54,970 49,442 104,412
Net Book Value
As at 5 April 2024 14,406 41,340 55,746
As at 6 April 2023 19,207 55,120 74,327
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5. Stocks
2024 2023
£ £
Stock 4,952 6,478
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,940 3,722
Other debtors 1,361 -
5,301 3,722
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 936 851
Bank loans and overdrafts - 3,240
Other creditors 20,636 43,299
21,572 47,390
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 6,505
9. Loans and Other Debts Due to Members
Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of "members' other interests".
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