The Screen Machine Supply Company LLP - Accounts to registrar (filleted) - small 18.2

The Screen Machine Supply Company LLP - Accounts to registrar (filleted) - small 18.2

THE SCREEN MACHINE SUPPLY COMPANY LIMITED LIABILITY PARTNERSHIP - Company Information

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REGISTERED NUMBER: OC303130 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2020

for

The Screen Machine Supply Company LLP
The Screen Machine Supply Company LLP (Registered number: OC303130)

Contents of the Financial Statements
for the Year Ended 31 March 2020










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Screen Machine Supply Company LLP

General Information
for the Year Ended 31 March 2020







DESIGNATED MEMBERS: Mrs J M Hale
C J Hale
Mrs C J Hale





REGISTERED OFFICE: Unit C, Lyon Road
Denbigh West
Bletchley
Milton Keynes
MK1 1EX





REGISTERED NUMBER: OC303130 (England and Wales)





ACCOUNTANTS: ALI IBRAHIM ASSOCIATES
Chartered Certified Accountants
28 ROWAN CLOSE
ST ALBANS
Hertfordshire
AL4 0ST
Page 1
The Screen Machine Supply Company LLP (Registered number: OC303130)

Balance Sheet
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,212 189,000

CURRENT ASSETS
Stocks 35,986 36,408
Debtors 5 76,971 84,830
Prepayments and accrued income 2,582 2,582
Cash at bank 147,254 150,363
262,793 274,183
CREDITORS
Amounts falling due within one year 6 27,672 31,664
NET CURRENT ASSETS 235,121 242,519
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
431,333
431,519

LOANS AND OTHER DEBTS DUE TO
MEMBERS
431,333
431,519

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 431,333 431,519

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 2020.

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 notes form part of these financial statements

Page 2 continued...
The Screen Machine Supply Company LLP (Registered number: OC303130)

Balance Sheet - continued
31 March 2020


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 24 June 2020
and were signed by:





C J Hale - Designated member

The notes form part of these financial statements

Page 3
The Screen Machine Supply Company LLP (Registered number: OC303130)

Notes to the Financial Statements
for the Year Ended 31 March 2020


1. STATUTORY INFORMATION

The Screen Machine Supply Company 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

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 7 (2019 - 9 ) .

Page 4 continued...
The Screen Machine Supply Company LLP (Registered number: OC303130)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2019 178,845 109,976 288,821
Additions - 19,785 19,785
At 31 March 2020 178,845 129,761 308,606
DEPRECIATION
At 1 April 2019 25,035 74,786 99,821
Charge for year - 12,573 12,573
At 31 March 2020 25,035 87,359 112,394
NET BOOK VALUE
At 31 March 2020 153,810 42,402 196,212
At 31 March 2019 153,810 35,190 189,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 76,971 84,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade creditors 6,897 7,159
Taxation and social security 12,893 14,997
Other creditors 7,882 9,508
27,672 31,664

Page 5