D & K Autos Llp - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC317749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

D & K AUTOS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Aln Garages Limited

The Tyre Warehouse Brackley Limited

REGISTERED OFFICE:

114 High Street

Cranfield

Bedfordshire

MK43 0DG

REGISTERED NUMBER:

OC317749 (England and Wales)

ACCOUNTANTS:

Jonathan Vowles Chartered Accountants

114 High Street

Cranfield

Bedford

MK43 0DG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

27,275

11,929

27,275

11,929

CURRENT ASSETS

Stocks

3,465

5,071

Debtors

6

76,983

107,922

Cash at bank and in hand

38,483

48,411

118,931

161,404

CREDITORS

Amounts falling due within one year

7

146,206

173,333

NET CURRENT LIABILITIES

(27,275

)

(11,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

6

(57,748

)

(90,567

)

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 2019.

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 on 30 December 2019 and were signed by:

A D Goodey - Designated member

1.	STATUTORY INFORMATION

D & K Autos 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

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.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

10,000

AMORTISATION

At 1 April 2018

and 31 March 2019

10,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2018

60,851

Additions

22,005

At 31 March 2019

82,856

DEPRECIATION

At 1 April 2018

48,922

Charge for year

6,659

At 31 March 2019

55,581

NET BOOK VALUE

At 31 March 2019

27,275

At 31 March 2018

11,929

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

3,961

4,234

Amounts due from members

57,748

90,567

Staff Loan

892

-

Prepayments

14,382

13,121

76,983

107,922

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

42,727

53,410

Social security and other taxes

3,492

4,044

VAT

10,176

9,071

Other creditors

5,077

1,200

D&K - ALN Account

170,357

174,583

The Tyre Warehouse Account

6,503

206

Kalji Ltd

(105,484

)

(69,226

)

Bucks Horse Box Hire Ltd

(337

)

-

Accrued expenses

13,695

45

146,206

173,333

8.	RELATED PARTY DISCLOSURES

D&K Autos LLP is controlled by the directors of ALN Garages Ltd & The Tyre Warehouse Brackley Ltd.

The directors of these companies are Mr A Goodey & Mrs K Goodey.

The company traded on an arms-length basis with the following entites during the year and the following

balances are included within creditors at 31/03/2019.

Company

2019

2018

ALN Garages Ltd

£170,357

£170,583

The Tyre Warehouse Brackley Ltd

£6,503

£206

KALJI Ltd

-£105,484

-£69,226

Bucks Horse Box Hire Ltd

-£337

£0