Egan Digital Laboratory LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC421033 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2021

for

EGAN DIGITAL LABORATORY LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs G M Egan

R P C Egan

REGISTERED OFFICE:

Unit 9, Canal Side

Dallamires Lane

Ripon

North Yorkshire

HG4 1TT

REGISTERED NUMBER:

OC421033 (England and Wales)

ACCOUNTANTS:

Morrell Middleton

Wellington House

Aviator Court

Clifton Moor

York

North Yorkshire

YO30 4UZ

FIXED ASSETS

Tangible assets

4

105,977

117,152

CURRENT ASSETS

Stocks

1,431

1,191

Debtors

5

16,333

22,295

Cash at bank

10,456

3,881

28,220

27,367

CREDITORS

Amounts falling due within one year

6

49,973

52,674

NET CURRENT LIABILITIES

(21,753

)

(25,307

)

TOTAL ASSETS LESS CURRENT LIABILITIES

84,224

91,845

CREDITORS

Amounts falling due after more than one year

7

54,856

91,845

NET ASSETS ATTRIBUTABLE TO MEMBERS

29,368

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

29,368

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

29,368

-

Amounts due from members

5

(16,333

)

(20,759

)

13,035

(20,759

)

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 5 April 2021.

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 28 September 2021 and were signed by:

Mrs G M Egan - Designated member

1.	STATUTORY INFORMATION

Egan Digital Laboratory 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.

Plant and machinery etc

-

25% 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2020

192,416

Additions

49,900

Disposals

(45,778

)

At 5 April 2021

196,538

DEPRECIATION

At 6 April 2020

75,264

Charge for year

35,325

Eliminated on disposal

(20,028

)

At 5 April 2021

90,561

NET BOOK VALUE

At 5 April 2021

105,977

At 5 April 2020

117,152

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

1,536

Other debtors

16,333

20,759

16,333

22,295

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Hire purchase contracts

11,467

52,243

Trade creditors

245

296

Other creditors

38,261

135

49,973

52,674

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Hire purchase contracts

39,856

91,845

Other creditors

15,000

-

54,856

91,845

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of "members' other interests".