Pac Services Sussex LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC373710 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

PAC SERVICES SUSSEX LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mrs W L A Crook

C A Crook

REGISTERED OFFICE:

Unit 6

Huffwood Trading Estate

Brookers Road

Billingshurst

West Sussex

RH14 9UR

REGISTERED NUMBER:

OC373710 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke Limited

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Tangible assets

4

10,812

22,055

CURRENT ASSETS

Stocks

5

23,724

21,701

Debtors

6

84,627

36,058

Cash at bank

14,166

32,081

122,517

89,840

CREDITORS

Amounts falling due within one year

7

13,476

15,539

NET CURRENT ASSETS

109,041

74,301

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

119,853

96,356

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

119,853

96,356

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

119,853

96,356

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP on 10 December 2018 and were signed by:

C A Crook - Designated member

1.	STATUTORY INFORMATION

Pac Services Sussex LLP is registered in England and Wales. The LLP's registered number and registered office address can

be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods and maintenance and repair services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

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 (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2017

11,657

486

49,573

3,404

65,120

Additions

-

307

100

1,818

2,225

At 31 March 2018

11,657

793

49,673

5,222

67,345

DEPRECIATION

At 1 April 2017

6,890

389

34,331

1,455

43,065

Charge for year

2,331

158

9,935

1,044

13,468

At 31 March 2018

9,221

547

44,266

2,499

56,533

NET BOOK VALUE

At 31 March 2018

2,436

246

5,407

2,723

10,812

At 31 March 2017

4,767

97

15,242

1,949

22,055

5.

STOCKS

2018

2017

£

£

Stocks

23,724

21,701

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

84,627

33,189

Prepayments

-

2,869

84,627

36,058

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,435

10,580

VAT

6,041

3,959

Accrued expenses

1,000

1,000

13,476

15,539

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2018

2017

£

£

Amounts owed to members in respect of profits

119,853

96,356

Falling due within one year

119,853

96,356

Loans and other debts due to members represent allocated profits not yet paid to members and are due within one year. In the

event of a winding up, loans and other debts due to members rank equally within unsecured debts, and no additional

protection is afforded to creditors.

No restrictions exist on the ability of the members to reduce the amount of Members' other interests.