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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Elgee Pinks LLP

Elgee Pinks LLP (Registered number: OC356174)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Elgee Pinks LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: J E Elgee
N H Pinks





REGISTERED OFFICE: 1st Floor
78-80 High Street
Reigate
Surrey
RH2 9AP





REGISTERED NUMBER: OC356174 (England and Wales)





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

Elgee Pinks LLP (Registered number: OC356174)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,958 8,901

CURRENT ASSETS
Debtors 5 164,821 159,252
Cash in hand 1,690 1,329
166,511 160,581
CREDITORS
Amounts falling due within one year 6 101,690 72,713
NET CURRENT ASSETS 64,821 87,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,779

96,769

CREDITORS
Amounts falling due after more than one
year

7

15,935

26,100
NET ASSETS ATTRIBUTABLE TO
MEMBERS

54,844

70,669

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

54,844

70,669

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 54,844 70,669

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 March 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 22 October 2024 and were signed by:




N H Pinks - Designated member

Elgee Pinks LLP (Registered number: OC356174)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Elgee Pinks 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 41,413 14,319 55,732
DEPRECIATION
At 1 April 2023 36,159 10,672 46,831
Charge for year 1,314 1,629 2,943
At 31 March 2024 37,473 12,301 49,774
NET BOOK VALUE
At 31 March 2024 3,940 2,018 5,958
At 31 March 2023 5,254 3,647 8,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,886 55,099
Accrued Income 102,272 77,100
Prepayments and accrued income 26,663 27,053
164,821 159,252

Elgee Pinks LLP (Registered number: OC356174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 67,071 31,070
Other loans (see note 8) 20,077 20,056
Social security and other taxes 2,920 1,288
VAT 4,138 13,965
Accrued expenses 7,484 6,334
101,690 72,713

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 15,935 26,100

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 56,906 20,827
Bank loans - less than 1 yr 10,165 10,243
Loans 20,077 20,056
87,148 51,126

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,087 10,165

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,848 15,935

The company has a loan which is repayable over 12m and unsecured.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 56,906 20,827

The bank hold a debenture over the assets of the business. The members have given personal guarantees for the bank overdraft.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members, other than members' capital classified as debt, rank after amounts due to other creditors.

11. ULTIMATE CONTROLLING PARTY

The LLP is under the control of J Elgee and N Pinks.