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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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AUSTIN EYEWEAR LLP |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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AUSTIN EYEWEAR LLP |
AUSTIN EYEWEAR LLP (REGISTERED NUMBER: OC315756) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2019 |
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Page |
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General Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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AUSTIN EYEWEAR LLP |
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GENERAL INFORMATION |
for the year ended 31 March 2019 |
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DESIGNATED MEMBERS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
AUSTIN EYEWEAR LLP (REGISTERED NUMBER: OC315756) |
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ABRIDGED BALANCE SHEET |
31 March 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year |
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NET ASSETS ATTRIBUTABLE TO
MEMBERS |
34,239 |
35,182 |
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LOANS AND OTHER DEBTS DUE TO
MEMBERS |
5 |
34,239 |
35,182 |
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TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 5 | 34,239 | 35,182 |
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The members acknowledge their responsibilities for: |
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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. |
AUSTIN EYEWEAR LLP (REGISTERED NUMBER: OC315756) |
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ABRIDGED BALANCE SHEET - continued |
31 March 2019 |
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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. |
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The financial statements were approved by the members of the LLP on
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AUSTIN EYEWEAR LLP (REGISTERED NUMBER: OC315756) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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Austin Eyewear LLP is registered in England and Wales. The LLP's registered number and registered office address |
can be found on the General Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are |
depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of |
the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
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Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from |
impairment are recognised in the profit and loss account. |
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3. | EMPLOYEE INFORMATION |
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The average number of employees during the year was
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AUSTIN EYEWEAR LLP (REGISTERED NUMBER: OC315756) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2019 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2018 |
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Additions |
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Disposals | ( |
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At 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
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Totals |
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COST |
Additions | 21,750 |
At 31 March 2019 | 21,750 |
DEPRECIATION |
Charge for year | 5,438 |
At 31 March 2019 | 5,438 |
NET BOOK VALUE |
At 31 March 2019 | 16,312 |
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5. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
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Loans and other debts due to members are unsecured. |