Limited Liability Partnership Registration No. OC336039 (England and Wales)
SDA CONSULTING LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
SDA CONSULTING LLP
CONTENTS
Page
Members' report
1 - 3
Balance sheet
4 - 5
Notes to the financial statements
6 - 10
SDA CONSULTING LLP
MEMBERS' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
- 1 -

The members present their annual report and financial statements for the year ended 31 March 2022.

Principal activities and business review

SDA Consulting LLP are a leading independent construction consultancy and chartered surveying practice. Our principal activities include Project Management, Quantity Surveying/Cost Management, Building Surveying, Principal Designer, Clerk of Works and NEC Supervisor services to a range of public and private sector clients.

 

Based in Manchester we focus on service delivery in Education, Housing, Local Authority and Healthcare sectors in the North of England. As a RICS Regulated Practice, we operate to the highest standards of business conduct and professional ethics and maintain a range of accreditations to demonstrate our commitment to high quality service delivery and sustainable operating practices.

 

We expanded our management structure at the end of FY 2020 by appointing two new Members of the LLP. This enabled us to respond proactively to higher demand for our services in FY 21/22 with turnover growing by 26.5% in the year to 31st March 2022. We continued to manage cash prudently, operating in a lean and agile way, whilst maintaining focus on the quality of our service delivery. We are pleased to have achieved improved profitability, operating well within our working capital arrangements, strengthening our balance sheet whilst continuing to pay our suppliers to agreed payment terms.

 

Fair review of the business

Our team’s commitment and dedication saw successful completion of numerous schemes including:

 

SDA CONSULTING LLP
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -

We are currently delivering a range of exciting projects including:

 

Our building surveying team have continued to assist the University of Manchester on a range of projects ranging from dilapidation advice, to large scale conservation works to sash windows, to refurbishment works at Uttley House, a grade II listed building. We have also designed and supervised refurbishment works to a number of campus buildings including the main library and student residences. The team have also secured repeat work at Jodrell Bank Observatory UNESCO World Heritage Site including re-roofing the grade 1 listed Lovell Telescope control building and the replacement of the hoist to the focus tower of the Lovell Telescope itself.

 

The team have also continued to work with the Diocese of Salford and Caritas Diocese of Salford on a phased refurbishment of Cornerstone and Morning Star Hostel and Day Centres in Manchester improving facilities for the homeless, vulnerable or disadvantaged. Numerous extension, repair and refurbishment projects have also been completed to churches, schools, colleges and academies, along with condition surveys and maintenance plans.

 

We have expanded our frameworks appointments with new appointments on The Cutting Edge framework and reappointment on the Fusion 21 framework and added to our Dynamic Purchasing System appointments with Crown Commercial Services. This is in addition to our ongoing appointments on frameworks with the University of Manchester, Lancaster University, NHS SBS, Plus Dane House, EN Procure, Reallies, Innovation Chain North and Clarion Housing, the Placemaking Hub, Procurement Assist, Procurement for All, Prosper and Growth Lancashire’s Dynamic Purchasing Systems.

Despite the challenging backdrop with rising inflation and material shortages across the sector, we continue to see strong activity levels with repeat commissions flowing through. We look forward to the new financial year with optimism and are recruiting to add to our talented team. We have moved to new premises, investing in our workplace creating a modern vibrant office hub and implementing an agile working model.

 

SDA CONSULTING LLP
MEMBERS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
Members' drawings, contributions and repayments

Capital paid into the LLP is determined by approved amendments to the Membership Agreement, with reference to each member's profit sharing ratio. The Membership Agreement provides for sufficient working capital to be held in the LLP through a combination of capital introduced and long term member's loans. Members' capital and loans are repayable on retirement. The apportionment of annual profits is based on profit sharing ratios as determined by the Membership Agreement and accordingly all members' interests are classified as a debt of the LLP.

 

Details of changes in members' capital in the year ended 31 March 2022 are set out in the financial statements.

Designated members

The designated members who held office during the year and up to the date of signature of the financial statements were as follows:

J Cosgrove
M S Ingham
C Leach
J Turner
Small companies exemption

This report has been prepared in accordance with the special provisions relating to small LLPs within Part 15 of the Companies Act 2006.

Approved by the members on 6 September 2022 and signed on behalf by:
06 September 2022
J Cosgrove
M S Ingham
Designated Member
Designated Member
C Leach
J Turner
Designated Member
Designated Member
SDA CONSULTING LLP
BALANCE SHEET
AS AT 31 MARCH 2022
31 March 2022
- 4 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
52,234
65,723
Current assets
Stocks
4
22,948
30,530
Debtors
5
341,595
278,228
Cash at bank and in hand
416,661
329,138
781,204
637,896
Creditors: amounts falling due within one year
6
(172,572)
(230,490)
Net current assets
608,632
407,406
Total assets less current liabilities
660,866
473,129
Creditors: amounts falling due after more than one year
7
(36,667)
(46,857)
Net assets attributable to members
624,199
426,272
Represented by:
Loans and other debts due to members
Members' capital classified as debt
4,000
30,000
Amounts falling due within one year
324,199
126,272
Amounts falling due after more than one year
296,000
270,000
624,199
426,272
Total members' interests
Loans and other debts due to members
620,199
386,272
Members' other interests
4,000
30,000
624,199
426,272

The members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

SDA CONSULTING LLP
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
31 March 2022
- 5 -

For the financial year ended 31 March 2022 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to limited liability partnerships) with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

The financial statements were approved by the members and authorised for issue on 6 September 2022 and are signed on their behalf by:
06 September 2022
J Cosgrove
M S Ingham
Designated member
Designated Member
C Leach
J Turner
Designated Member
Designated Member
Limited Liability Partnership Registration No. OC336039
SDA CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 6 -
1
Accounting policies
Limited liability partnership information

SDA Consulting LLP is a limited liability partnership incorporated in England and Wales. The registered office is 2nd Floor, The Tower, Deva City Office Park, Trinity Way, Manchester, United Kingdom, M3 7BF.

 

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Accounting convention

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2018, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

 

 

 

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

SDA CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 7 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% reducing balance
Office equipment
33.3% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.5
Work in progress

Work in progress represents the fair value of work undertaken on contracts to provide professional services which have not been completed and are unbilled at the balance sheet date.

1.6
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.7
Financial instruments

The limited liability partnership has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the limited liability partnership's statement of financial position when the limited liability partnership becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the limited liability partnership after deducting all of its liabilities.

SDA CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.8
Taxation

The taxation payable on the profits of the LLP is the personal liability of the members and therefore no provision is made in the financial statements for such taxation or deferred taxation.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2022
2021
Number
Number
Total
12
16
SDA CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 9 -
3
Tangible fixed assets
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2021
33,378
123,662
87,783
244,823
Additions
109
7,397
-
7,506
At 31 March 2022
33,487
131,059
87,783
252,329
Depreciation and impairment
At 1 April 2021
21,365
112,150
45,585
179,100
Depreciation charged in the year
1,814
8,632
10,549
20,995
At 31 March 2022
23,179
120,782
56,134
200,095
Carrying amount
At 31 March 2022
10,308
10,277
31,649
52,234
At 31 March 2021
12,013
11,512
42,198
65,723
4
Stocks
2022
2021
£
£
Work in progress
22,948
30,530
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
272,912
209,127
Other debtors
68,683
69,100
341,595
278,227
6
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loan
10,000
3,143
Trade creditors
18,476
23,083
Taxation and social security
124,986
103,003
Other creditors
19,110
101,261
172,572
230,490
SDA CONSULTING LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 10 -
7
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loan
36,667
46,857

The partners are jointly and severally liable for the bank loan.

8
Loans and other debts due to members
2022
2021
£
£
Analysis of loans
Amounts falling due within one year
324,199
126,272
Amounts falling due after more than one year
296,000
270,000
620,199
396,272

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with ordinary creditors.

9
Operating lease commitments
Lessee

At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2022
2021
£
£
Total commitment
46,102
54,088
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