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REGISTERED NUMBER: OC347136 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mainspring Marketing LLP

Mainspring Marketing LLP (Registered number: OC347136)






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




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mainspring Marketing LLP

General Information
for the Year Ended 31 December 2023







DESIGNATED MEMBERS: Mrs M Pursey
J Pursey





REGISTERED OFFICE: The Old Coach House
Eridge Park
Eridge Green
Tunbridge Wells
Kent
TN3 9JS





REGISTERED NUMBER: OC347136 (England and Wales)





ACCOUNTANTS: Ross Management Accountancy
Unit 2
Wallcrouch Business Centre
High Street
Wadhurst
East Sussex
TN5 7JR

Mainspring Marketing LLP (Registered number: OC347136)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,401 6,601
16,401 6,601

CURRENT ASSETS
Debtors 6 251,617 247,739
Prepayments and accrued income 322 322
Cash at bank - 3,609
251,939 251,670
CREDITORS
Amounts falling due within one year 7 36,095 20,251
NET CURRENT ASSETS 215,844 231,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,245

238,020

CREDITORS
Amounts falling due after more than one year 8 41,644 47,419
NET ASSETS ATTRIBUTABLE TO
MEMBERS

190,601

190,601

Mainspring Marketing LLP (Registered number: OC347136)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 190,601 190,601
190,601 190,601

TOTAL MEMBERS' INTERESTS
Members' other interests 190,601 190,601
Amounts due from members 6 (237,744 ) (243,187 )
(47,143 ) (52,586 )

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 December 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.

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 5 September 2024 and were signed by:





Mrs M Pursey - Designated member

Mainspring Marketing LLP (Registered number: OC347136)

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

1. STATUTORY INFORMATION

Mainspring Marketing 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 2009, is being amortised evenly over its estimated useful life of ten 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 - 20% on reducing balance and 15% 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 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 55,000
AMORTISATION
At 1 January 2023
and 31 December 2023 55,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Mainspring Marketing LLP (Registered number: OC347136)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 8,065 77,710 85,775
Additions - 13,900 13,900
At 31 December 2023 8,065 91,610 99,675
DEPRECIATION
At 1 January 2023 8,065 71,109 79,174
Charge for year - 4,100 4,100
At 31 December 2023 8,065 75,209 83,274
NET BOOK VALUE
At 31 December 2023 - 16,401 16,401
At 31 December 2022 - 6,601 6,601

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 13,873 4,552
Other debtors 237,744 243,187
251,617 247,739

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 13,639 -
Hire purchase contracts 3,015 3,335
Trade creditors 8,825 12,392
Taxation and social security 5,543 2,942
Other creditors 5,073 1,582
36,095 20,251

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 29,532 34,167
Hire purchase contracts - 3,334
Other creditors 12,112 9,918
41,644 47,419