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REGISTERED NUMBER: OC371234 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024

FOR

ELGC LLP

ELGC LLP (REGISTERED NUMBER: OC371234)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


ELGC LLP (REGISTERED NUMBER: OC371234)

BALANCE SHEET
5TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,352 17,108

CURRENT ASSETS
Debtors 5 26,215 21,679
Cash at bank 34,399 70,963
60,614 92,642
CREDITORS
Amounts falling due within one year 6 21,308 28,170
NET CURRENT ASSETS 39,306 64,472
TOTAL ASSETS LESS CURRENT LIABILITIES 52,658 81,580

CREDITORS
Amounts falling due after more than one year 7 4,974 17,700
NET ASSETS ATTRIBUTABLE TO MEMBERS 47,684 63,880

LOANS AND OTHER DEBTS DUE TO MEMBERS 9 47,684 63,880

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 47,684 63,880

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 period ended 5th April 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 17th August 2024 and were signed by:





T J Crawford - Designated member

ELGC LLP (REGISTERED NUMBER: OC371234)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024


1. STATUTORY INFORMATION

ELGC LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC371234

Registered office: 3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

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 financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from consultancy is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to number of days completed.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.

Plant & machinery - 10% on cost
Motor Vehicles - 25% on reducing balance

Debtors and creditors receivable / payable within 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 other administrative expenses.

Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 2 (2023 - 2 ) .

ELGC LLP (REGISTERED NUMBER: OC371234)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 5th April 2024 68,710
DEPRECIATION
At 1st May 2023 51,602
Charge for period 3,756
At 5th April 2024 55,358
NET BOOK VALUE
At 5th April 2024 13,352
At 30th April 2023 17,108

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,600 20,063
Other debtors 5,615 1,616
26,215 21,679

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,838 7,577
Taxation and social security 8,610 17,584
Other creditors 4,860 3,009
21,308 28,170

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,974 17,700

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,928 10,928
Between one and five years 910 11,838
11,838 22,766

ELGC LLP (REGISTERED NUMBER: OC371234)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2023 TO 5TH APRIL 2024


9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 47,684 63,880

Falling due within one year 47,684 63,880

In the event of winding up, amounts in 'Loans and other debts due to members' (other than members' capital classified as debt) would rank subject to the provisions of the Insolvency Act 1986 as amended by the Act and the Regulations. As to payment of preferential and other debts (including advances), any surplus remaining shall be distributed among the Members rateably in the proportions in which they shared profits immediately prior to commencement of the winding up.

For the avoidance of doubt, no Member has agreed with other Members or with the LLP that they shall in the event of winding up the LLP contribute in any way to the assets of the LLP in accordance with Section 74 of the Insolvency Act.