REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
for |
PKG Products LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 31 March 2024 |
for |
PKG Products LLP |
PKG Products LLP (Registered number: OC337042) |
Contents of the Financial Statements |
for the period 1 October 2023 to 31 March 2024 |
Page |
General Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
PKG Products LLP |
General Information |
for the period 1 October 2023 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Datum House |
Electra Way |
Crewe |
Cheshire |
CW1 6ZF |
PKG Products LLP (Registered number: OC337042) |
Statement of Financial Position |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors: amounts falling due within one year | 6 |
Debtors: amounts falling due after more than one year |
6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
14,845 |
9,519 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
14,845 |
9,519 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 14,845 | 9,519 |
Amounts due from members | 6 | (64,628 | ) | (59,711 | ) |
(49,783 | ) | (50,192 | ) |
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. |
PKG Products LLP (Registered number: OC337042) |
Statement of Financial Position - continued |
31 March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
PKG Products LLP (Registered number: OC337042) |
Notes to the Financial Statements |
for the period 1 October 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
PKG Products LLP ('The LLP') is primarily engaged in the activities of a massage parlour. |
The LLP is incorporated in England and Wales. The address of the registered office is 27A Beam Street, Nantwich, Cheshire, CW5 5NA. The registered number can be found on the Company Information page. |
The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. |
The accounting reference date of the LLP has been shortened to report a six-month period ended 31 March 2024. The comparative period is a twelve-month period. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Summary of significant accounting policies |
The principle 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. |
Basis of preparation |
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006. |
Going concern |
The going concern basis is dependent of the continued support of the members and the provision of new funds to meet creditor payments as they fall due. |
Notwithstanding any uncertainty in this regard the members consider it appropriate to prepare the financial statements on the going concern basis. |
Revenue recognition |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Hire purchase and leasing commitments |
Assets obtained under hire purchase are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. |
The interest element of those obligations is charged to the profit and loss account so as to provide a periodic charge on the remaining balance of the obligation for each accounting period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to the profit and loss account so as to produce a constant periodic charge for each accounting period up to the end of the lease or next renewal date. |
PKG Products LLP (Registered number: OC337042) |
Notes to the Financial Statements - continued |
for the period 1 October 2023 to 31 March 2024 |
3. | ACCOUNTING POLICIES - continued |
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. |
Impairment of assets |
Assets not measured at fair value are reviewed for any indications that the asset may be impaired. If such indications exist, the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading. |
4. | EMPLOYEE INFORMATION |
The average number of employees during the period was |
5. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 October 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 September 2023 |
6. | DEBTORS |
2024 | 2023 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
Amounts due from related parties are unsecured, interest free and repayable on demand. |
PKG Products LLP (Registered number: OC337042) |
Notes to the Financial Statements - continued |
for the period 1 October 2023 to 31 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
Amounts due to related parties are unsecured, interest free and repayable on demand. |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans (see note 9) |
9. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans - less than 1 year |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
10. | RELATED PARTY DISCLOSURES |
Transactions with related parties during the period and balances outstanding at the end of the reporting period were as follows: |
Related parties: |
2024 | 2023 |
£ | £ |
Management fees payable | - | - |
Amounts written off | - | - |
Amounts due from entities | - | - |
Amounts due to entities | 4,885 | 1,354 |
Amounts accrued to entities | 34,000 | 34,000 |