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REGISTERED NUMBER: OC373023 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

EDS Design Solutions LLP

EDS Design Solutions LLP (Registered number: OC373023)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EDS Design Solutions LLP

General Information
for the Year Ended 29 February 2024







DESIGNATED MEMBERS: M Elwis
Mrs. A Elwis





REGISTERED OFFICE: Green End
Wardlow
Buxton
SK17 8RP





REGISTERED NUMBER: OC373023 (England and Wales)





ACCOUNTANTS: John S Ward & Co Limited
Chartered Certified Accountants
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

EDS Design Solutions LLP (Registered number: OC373023)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,525 60,435
86,525 60,435

CURRENT ASSETS
Debtors 6 277,163 173,148
Cash at bank 44,708 50,724
321,871 223,872
CREDITORS
Amounts falling due within one year 7 408,396 271,827
NET CURRENT LIABILITIES (86,525 ) (47,955 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

-

12,480

EDS Design Solutions LLP (Registered number: OC373023)

Balance Sheet - continued
29 February 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE
TO MEMBERS

8

-

12,480

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

8

-

12,480
Amounts due from members 6 (75,761 ) (17,586 )
(75,761 ) (5,106 )

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 29 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 7 November 2024 and were signed by:





M Elwis - Designated member

EDS Design Solutions LLP (Registered number: OC373023)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

EDS Design Solutions 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 2014, is being amortised evenly over its estimated useful life of one 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

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 5 (2023 - 7 ) .

EDS Design Solutions LLP (Registered number: OC373023)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 7,750
AMORTISATION
At 1 March 2023
and 29 February 2024 7,750
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 121,380
Additions 58,452
Disposals (43,800 )
At 29 February 2024 136,032
DEPRECIATION
At 1 March 2023 60,945
Charge for year 12,179
Eliminated on disposal (23,617 )
At 29 February 2024 49,507
NET BOOK VALUE
At 29 February 2024 86,525
At 28 February 2023 60,435

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 194,742 152,958
Other debtors 82,421 20,190
277,163 173,148

EDS Design Solutions LLP (Registered number: OC373023)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,468 24,813
Trade creditors 2 (1 )
Taxation and social security 63,869 54,311
Other creditors 323,057 192,704
408,396 271,827

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits - 12,480

Falling due within one year - 12,480

In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.