Polka Dot Interiors LLP
Polka Dot Interiors LLP
Registered number: OC337346
Unaudited Financial Statements
For The Year Ended
31 March 2023
Polka Dot Interiors LLP
Unaudited Financial Statements
For The Year Ended
31 March 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Page 1
Polka Dot Interiors LLP
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
OC337346
For the year ending 31 March 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS ATTRIBUTABLE TO MEMBERS |
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| REPRESENTED BY: | |||||
| Equity | |||||
| Members' other interests | |||||
| Members' capital | 818,104 | 821,000 | |||
| Other reserves | (23,602) | (23,602) | |||
| 794,502 | 797,398 | ||||
| TOTAL MEMBERS' INTEREST | |||||
| Amounts due from members | (51,778) | (39,886) | |||
| Members' other interests | 794,502 | 797,398 | |||
| 742,724 | 757,512 | ||||
Page 1
Page 2
Polka Dot Interiors LLP
Balance Sheet (continued)
As At
31 March 2023
On behalf of the members
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Partner
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Polka Dot Interiors LLP
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
Polka Dot Interiors LLP is a limited liability partnership, incorporated in England & Wales, registered number
OC337346
. The Registered Office is Priestfield Farm, Henfield Road, Albourne Hassocks, West Sussex, BN6 9DE.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the LLP, net of Value Added Tax and trade discounts.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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2.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
3.
Average Number of Employees
Average number of employees during the year, including members, during the year was as follows:
| 2023 | 2022 | ||
|---|---|---|---|
| Office and administration |
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Page 3
Page 4
Polka Dot Interiors LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2023
4.
Tangible Assets
| Land & Property | |||||
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| Freehold | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
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| Depreciation | |||||
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| Provided during the period |
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| Net Book Value | |||||
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5.
Stocks
| 2023 | 2022 | ||
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| £ | £ | ||
| Materials |
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6.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Amounts due from members | 51,778 | 39,886 | |
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7.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Trade creditors |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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Page 4
Page 5
Polka Dot Interiors LLP
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2023
8.
Ultimate Controlling Party
The LLP's ultimate controlling party are the partners
Page 5