Egan Digital Laboratory LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC421033 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2023

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

74,327

84,042

CURRENT ASSETS

Stocks

6,478

4,627

Debtors

5

3,722

3,451

Cash at bank

56,649

29,600

66,849

37,678

CREDITORS

Amounts falling due within one year

6

47,390

52,323

NET CURRENT ASSETS/(LIABILITIES)

19,459

(14,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

93,786

69,397

CREDITORS

Amounts falling due after more than one year

7

6,505

36,014

NET ASSETS ATTRIBUTABLE TO MEMBERS

87,281

33,383

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

87,281

33,383

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

87,281

33,383

Amounts due from members

5

-

(3,451

)

87,281

29,932

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 2023.

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 14 June 2023 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.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2022

159,760

Additions

61,571

Disposals

(61,173

)

At 5 April 2023

160,158

DEPRECIATION

At 6 April 2022

75,718

Charge for year

21,729

Eliminated on disposal

(11,616

)

At 5 April 2023

85,831

NET BOOK VALUE

At 5 April 2023

74,327

At 5 April 2022

84,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

3,722

-

Other debtors

-

3,451

3,722

3,451

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

3,240

3,240

Hire purchase contracts

-

6,177

Trade creditors

851

702

Other creditors

43,299

42,204

47,390

52,323

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

-

26,503

Other creditors

6,505

9,511

6,505

36,014

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".