Deep LLP - Accounts to registrar (filleted) - small 18.2

Deep LLP - Accounts to registrar (filleted) - small 18.2

DEEP LLP - Company Information

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REGISTERED NUMBER: OC309195 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

DEEP LLP
DEEP LLP (REGISTERED NUMBER: OC309195)






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


DEEP LLP

GENERAL INFORMATION
for the Year Ended 31 March 2020







DESIGNATED MEMBERS: G Bowden
Mrs C Eiles





REGISTERED OFFICE: The Print Rooms Studio G9
164/180 Union Street
London
SE1 0LH





REGISTERED NUMBER: OC309195 (England and Wales)





ACCOUNTANTS: COLIN GRAY & CO LIMITED
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
Page 1
DEEP LLP (REGISTERED NUMBER: OC309195)

BALANCE SHEET
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,403 47,516

CURRENT ASSETS
Debtors 5 134,157 191,753
Cash at bank and in hand 113,140 128,443
247,297 320,196
CREDITORS
Amounts falling due within one year 6 124,080 169,170
NET CURRENT ASSETS 123,217 151,026
TOTAL ASSETS LESS CURRENT
LIABILITIES
165,620
198,542

CREDITORS
Amounts falling due after more than one
year
7
45,226
64,790
NET ASSETS ATTRIBUTABLE TO
MEMBERS
120,394
133,752

LOANS AND OTHER DEBTS DUE TO
MEMBERS
120,394
133,752

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 120,394 133,752

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...
DEEP LLP (REGISTERED NUMBER: OC309195)

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 21 September 2020 and
were signed by:





G Bowden - Designated member

The notes form part of these financial statements

Page 3
DEEP LLP (REGISTERED NUMBER: OC309195)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Deep 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 comprises revenue recognised by the LLP in respect of goods and services supplied during the year,
excluding value added tax.

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

3. EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2019 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019 92,883
Additions 3,350
At 31 March 2020 96,233
DEPRECIATION
At 1 April 2019 45,367
Charge for year 8,463
At 31 March 2020 53,830
NET BOOK VALUE
At 31 March 2020 42,403
At 31 March 2019 47,516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 115,824 168,420
Other debtors 18,333 23,333
134,157 191,753

Page 4 continued...
DEEP LLP (REGISTERED NUMBER: OC309195)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 15,804 15,226
Hire purchase contracts 3,183 3,183
Trade creditors 15,537 17,169
Taxation and social security 65,383 102,744
Other creditors 24,173 30,848
124,080 169,170

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 21,973 38,354
Hire purchase contracts 23,253 26,436
45,226 64,790

8. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank loans 37,777 53,580
Hire purchase contracts 26,436 29,619
64,213 83,199

Page 5