The members present their annual report and financial statements for the year ended 31 March 2022.
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.
Our team’s commitment and dedication saw successful completion of numerous schemes including:
Poet’s Estate for Salix Homes - a 160 home redevelopment of Beechfarm estate in Swinton. The recently completed project won Regeneration Scheme of the Year at the Northern Housing Awards 2022.
Completion of a cladding remediation project on two tower blocks, part of a programme of works that led to Dame Judith Hackitt commending Salix Homes for their commitment to fire and building safety.
A new four storey library extension at Lancaster University providing a 2,600m2 extension comprising library space and spaces for student societies and Students Union activities.
A state of the art digitally enabled moot court room to support the development of students legal advocacy skills at Manchester Metropolitan University.
Hello Oriental – a flagship food venue on Bruntwood’s SciTech Circle Square development in Manchester City Centre.
A refurbished Market Hall in Heywood.
Various school projects across the region including a new primary school extension for Stockport Council, new sports hall for Altrincham Grammar School for Girls for Bright Futures Educational Trust and improvement works to Diocese of Salford primary schools from teaching space remodelling to safeguarding schemes, from heating and boiler replacements works to play areas, from reroofing works to external repairs.
We are currently delivering a range of exciting projects including:
project management services to the University of Manchester on their Campus Ventilation Strategy in support of the University’s Covid management plan,
emergency project management services for the University of Manchester on flood response work arising from a burst United Utilities’ water main.
continuing our work on a global role supporting the transformation of a bank’s project management division to drive a more efficient operating model.
providing Alliance Manager and Employer’s Agent services for South Liverpool Homes, helping to administer a joint venture development model supporting various ongoing development projects
working with Salix Homes on a 96 apartment scheme on Chapel Street, Salford
working with Trafford Housing Trust completing multi-million-pound tower block recladding work.
working with Cheshire West and Chester Councils cost managing delivery of two inspiring new history centres, one in Chester and one in Crewe.
working with South Ribble Borough Council as Employer’s Agent on a 72 apartment extra care building in Leyland
working with the University of Liverpool cost managing a Net Zero project at their Materials Innovation Factory.
working with Lancaster University on a refurbishment of the Ruskin Building
working with Manchester Metropolitan University on a Smarter Working project to help them respond to the changes in working patterns brought about by the pandemic and provide more flexible working environments.
working on various laboratory refurbishment projects for the Science and Technology Facilities Council
working with Oceanair Services on a mixed use residential and office development at Mariner’s Park, Wallasey.
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.
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.
The designated members who held office during the year and up to the date of signature of the financial statements were as follows:
This report has been prepared in accordance with the special provisions relating to small LLPs within Part 15 of the Companies Act 2006.
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 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.
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.
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.
Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.
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:
the amount of turnover can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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:
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.
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.
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.
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, 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.
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.
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.
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.
Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.
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.
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.
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.
The average number of persons (excluding members) employed by the partnership during the year was:
The partners are jointly and severally liable for the bank loan.
In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with ordinary creditors.
At the reporting end date the limited liability partnership had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: