BPK Marketing Services LLP - LLP accounts 20.1

REGISTERED NUMBER: OC368213 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 30 April 2020

for

BPK Marketing Services LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

A B Kensington

Mrs D M Kensington

REGISTERED OFFICE:

Unit C7

Spectrum Business Centre

Anthonys Way

Rochester

Kent

ME2 4NP

REGISTERED NUMBER:

OC368213 (England and Wales)

ACCOUNTANT:

Aspirations Accountancy Ltd

C7-C8

Spectrum Business Centre

Anthony's Way

Rochester

Kent

ME2 4NP

The members present their report with the financial statements of the LLP for the year ended 30 April 2020.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of provision of marketing services and motor vehicles.

DESIGNATED MEMBERS

The designated members during the year under review were:

A B Kensington

Mrs D M Kensington

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £14,419 (2019 - £24,945 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

A B Kensington - Designated member

25 May 2020

TURNOVER

173,859

16,244

Cost of sales

167,765

8,113

GROSS PROFIT

6,094

8,131

Administrative expenses

18,582

30,091

OPERATING LOSS

4

(12,488

)

(21,960

)

Interest payable and similar expenses

1,931

2,985

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

(14,419

)

(24,945

)

FIXED ASSETS

Intangible assets

5

27,520

27,520

Tangible assets

6

37,430

46,787

64,950

74,307

CURRENT ASSETS

Debtors

7

55,202

44,464

Cash at bank

9,492

5,961

64,694

50,425

CREDITORS

Amounts falling due within one year

8

48,371

20,153

NET CURRENT ASSETS

16,323

30,272

TOTAL ASSETS LESS CURRENT LIABILITIES

81,273

104,579

CREDITORS

Amounts falling due after more than one year

9

29,000

60,814

NET ASSETS ATTRIBUTABLE TO MEMBERS

52,273

43,765

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

51,473

42,965

MEMBERS' OTHER INTERESTS

Capital accounts

800

800

52,273

43,765

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

51,473

42,965

Members' other interests

800

800

Amounts due from members

7

(48,106

)

(33,687

)

4,167

10,078

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 30 April 2020.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 May 2020 and were signed by:

A B Kensington - Designated member

1.	STATUTORY INFORMATION

BPK Marketing Services 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2019 - NIL).

4.	OPERATING LOSS

The operating loss is stated after charging:

2020

2019

£

£

Depreciation - owned assets

9,357

11,696

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2019

and 30 April 2020

27,520

NET BOOK VALUE

At 30 April 2020

27,520

At 30 April 2019

27,520

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 30 April 2020

73,101

DEPRECIATION

At 1 May 2019

26,314

Charge for year

9,357

At 30 April 2020

35,671

NET BOOK VALUE

At 30 April 2020

37,430

At 30 April 2019

46,787

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

55,202

44,464

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

31,814

6,577

Trade creditors

13,584

10,614

Taxation and social security

11

-

Other creditors

2,962

2,962

48,371

20,153

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

-

31,814

Other creditors

29,000

29,000

29,000

60,814

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank after all trade and other creditors, bank loans and HP Creditors.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is The designated partners.