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REGISTERED NUMBER: OC300031 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EASTBOURNE ELECTRICAL LLP

EASTBOURNE ELECTRICAL LLP (REGISTERED NUMBER: OC300031)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTBOURNE ELECTRICAL LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: S Pearce
C Wilson





REGISTERED OFFICE: Unit 11
Westham Business Park
Westham
East Sussex
BN24 5NP





REGISTERED NUMBER: OC300031 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

EASTBOURNE ELECTRICAL LLP (REGISTERED NUMBER: OC300031)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 92,395 269,538
92,395 269,538

CURRENT ASSETS
Stocks 19,800 15,800
Debtors 6 321,775 363,390
Cash at bank and in hand 733,566 432,668
1,075,141 811,858
CREDITORS
Amounts falling due within one year 7 (757,547 ) (467,160 )
NET CURRENT ASSETS 317,594 344,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,989

614,236

CREDITORS
Amounts falling due after more than one
year

8

(57,471

)

(64,919

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

352,518

549,317

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

352,518

549,317

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 352,518 549,317

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.

EASTBOURNE ELECTRICAL LLP (REGISTERED NUMBER: OC300031)

BALANCE SHEET - continued
31 MARCH 2024


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 3 December 2024 and were signed by:




S Pearce - Designated member




C Wilson - Designated member


EASTBOURNE ELECTRICAL LLP (REGISTERED NUMBER: OC300031)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Eastbourne Electrical 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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

EASTBOURNE ELECTRICAL LLP (REGISTERED NUMBER: OC300031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 18 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 46,800
AMORTISATION
At 1 April 2023
and 31 March 2024 46,800
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

EASTBOURNE ELECTRICAL LLP (REGISTERED NUMBER: OC300031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 181,004 326,994 507,998
Additions - 29,850 29,850
Disposals (181,004 ) - (181,004 )
At 31 March 2024 - 356,844 356,844
DEPRECIATION
At 1 April 2023 - 238,460 238,460
Charge for year - 25,989 25,989
At 31 March 2024 - 264,449 264,449
NET BOOK VALUE
At 31 March 2024 - 92,395 92,395
At 31 March 2023 181,004 88,534 269,538

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 308,072 356,981
Other debtors 13,703 6,409
321,775 363,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,183 9,932
Hire purchase contracts 14,480 8,804
Trade creditors 366,105 353,880
Amount invoiced in advance 277,447 56,313
Social security and other taxes 19,877 18,686
VAT 60,369 2,806
Other creditors 2,945 3,899
Accrued expenses 6,141 12,840
757,547 467,160

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,440 10,183
Bank loans - 2-5 years 2,651 13,091
Hire purchase contracts 44,380 41,645
57,471 64,919

EASTBOURNE ELECTRICAL LLP (REGISTERED NUMBER: OC300031)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts shown as due as loans and other debts due to members rank pari pasu in relation to other creditors in the event of a winding up.