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Unaudited Financial Statements

for the Year Ended 27 February 2024

for

Drumbeat Exhibitions LLP

Drumbeat Exhibitions LLP (Registered number: OC380909)

Contents of the Financial Statements
for the Year Ended 27 February 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Drumbeat Exhibitions LLP

General Information
for the Year Ended 27 February 2024







DESIGNATED MEMBERS: Mr M Ralton
DJB Woking Limited





REGISTERED OFFICE: Unit 3 & 4
The Depot
Monument Way East
Woking
Surrey
GU21 5LY





REGISTERED NUMBER: OC380909 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Drumbeat Exhibitions LLP (Registered number: OC380909)

Balance Sheet
27 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,290 8,481

CURRENT ASSETS
Debtors 5 57,481 64,903
Cash at bank 593 13,453
58,074 78,356
CREDITORS
Amounts falling due within one year 6 42,767 55,265
NET CURRENT ASSETS 15,307 23,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,597

31,572

CREDITORS
Amounts falling due after more than one
year

7

21,597

31,572
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 5 (43,293 ) (33,917 )

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 27 February 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 10 October 2024 and were signed by:




Mr M Ralton - Designated member

Drumbeat Exhibitions LLP (Registered number: OC380909)

Notes to the Financial Statements
for the Year Ended 27 February 2024


1. STATUTORY INFORMATION

Drumbeat Exhibitions 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 represents work carried out in the period excluding VAT. Customers are invoiced ahead of work being carried out giving rise to deferred sales. Final invoices are raised on completion of work.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 28 February 2023
and 27 February 2024 28,439 9,429 7,062 44,930
DEPRECIATION
At 28 February 2023 21,670 8,561 6,218 36,449
Charge for year 1,692 217 282 2,191
At 27 February 2024 23,362 8,778 6,500 38,640
NET BOOK VALUE
At 27 February 2024 5,077 651 562 6,290
At 27 February 2023 6,769 868 844 8,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,455 28,863
Amounts due from members 43,293 33,917
Prepayments 2,733 2,123
57,481 64,903

Drumbeat Exhibitions LLP (Registered number: OC380909)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,975 9,730
Trade creditors 16,044 11,373
Social security and other taxes 866 3,612
VAT 9,971 11,326
Other creditors - 13,313
Accrued expenses 5,911 5,911
42,767 55,265

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,227 9,975
Bank loans - 2-5 years 11,370 21,597
21,597 31,572