Deep LLP - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: OC309195 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

DEEP LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

51,680

14,957

CURRENT ASSETS

Debtors

5

263,787

267,956

Cash at bank and in hand

84,612

21,899

348,399

289,855

CREDITORS

Amounts falling due within one year

6

142,599

155,013

NET CURRENT ASSETS

205,800

134,842

TOTAL ASSETS LESS CURRENT LIABILITIES

257,480

149,799

CREDITORS

Amounts falling due after more than one year

7

83,502

43,087

NET ASSETS ATTRIBUTABLE TO MEMBERS

173,978

106,712

LOANS AND OTHER DEBTS DUE TO MEMBERS

173,978

106,712

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

173,978

106,712

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 2018.

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 of Part 15 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 small LLPs.

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 on 11 July 2018 and were signed by:

G Bowden - Designated member

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 (2017 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

58,548

Additions

50,529

Disposals

(21,320

)

At 31 March 2018

87,757

DEPRECIATION

At 1 April 2017

43,591

Charge for year

8,419

Eliminated on disposal

(15,933

)

At 31 March 2018

36,077

NET BOOK VALUE

At 31 March 2018

51,680

At 31 March 2017

14,957

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

245,454

257,956

Other debtors

18,333

10,000

263,787

267,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

14,924

9,871

Hire purchase contracts

3,183

-

Trade creditors

15,467

42,923

Taxation and social security

88,070

88,331

Other creditors

20,955

13,888

142,599

155,013

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

53,883

43,087

Hire purchase contracts

29,619

-

83,502

43,087

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

68,807

52,958

Hire purchase contracts

32,802

-

101,609

52,958