Absolute Ecology LLP OC388793 false 2022-11-01 2024-03-31 2024-03-31 The principal activity of the company is Wildlife Surveys Digita Accounts Production Advanced 6.30.9574.0 true OC388793 2022-11-01 2024-03-31 OC388793 2024-03-31 OC388793 core:OtherReservesSubtotal 2024-03-31 OC388793 core:CurrentFinancialInstruments 2024-03-31 OC388793 core:WithinOneYear 2024-03-31 OC388793 core:FurnitureFittings 2024-03-31 OC388793 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 OC388793 core:MotorVehicles 2024-03-31 OC388793 core:OfficeEquipment 2024-03-31 OC388793 core:PlantMachinery 2024-03-31 OC388793 bus:SmallEntities 2022-11-01 2024-03-31 OC388793 bus:AuditExemptWithAccountantsReport 2022-11-01 2024-03-31 OC388793 bus:FilletedAccounts 2022-11-01 2024-03-31 OC388793 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 OC388793 bus:PartnerLLP1 2022-11-01 2024-03-31 OC388793 bus:LimitedLiabilityPartnershipLLP 2022-11-01 2024-03-31 OC388793 core:ComputerEquipment 2022-11-01 2024-03-31 OC388793 core:FurnitureFittings 2022-11-01 2024-03-31 OC388793 core:LandBuildings core:OwnedOrFreeholdAssets 2022-11-01 2024-03-31 OC388793 core:MotorVehicles 2022-11-01 2024-03-31 OC388793 core:OfficeEquipment 2022-11-01 2024-03-31 OC388793 core:PlantMachinery 2022-11-01 2024-03-31 OC388793 core:Vehicles 2022-11-01 2024-03-31 OC388793 countries:AllCountries 2022-11-01 2024-03-31 OC388793 2022-10-31 OC388793 core:FurnitureFittings 2022-10-31 OC388793 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 OC388793 core:MotorVehicles 2022-10-31 OC388793 core:OfficeEquipment 2022-10-31 OC388793 core:PlantMachinery 2022-10-31 OC388793 2021-11-01 2022-10-31 OC388793 2022-10-31 OC388793 core:OtherReservesSubtotal 2022-10-31 OC388793 core:CurrentFinancialInstruments 2022-10-31 OC388793 core:WithinOneYear 2022-10-31 OC388793 core:FurnitureFittings 2022-10-31 OC388793 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 OC388793 core:MotorVehicles 2022-10-31 OC388793 core:OfficeEquipment 2022-10-31 OC388793 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure

Registration number: OC388793

Absolute Ecology LLP

Unaudited Financial Statements

for the period from 1 November 2022 to 31 March 2024

 

Absolute Ecology LLP

Contents

Financial Statements

1 to 6

Balance Sheet

1

Notes to the Financial Statements

3

 

Absolute Ecology LLP

(Registration number: OC388793)
Balance Sheet as at 31 March 2024

Note

31 March 2024
 £

31 October 2022
 £

Fixed assets

 

Tangible assets

3

17,205

19,212

Current assets

 

Debtors

4

11,625

2,520

Cash and short-term deposits

 

29,510

36,885

 

41,135

39,405

Creditors: Amounts falling due within one year

5

(733)

(5,586)

Net current assets

 

40,402

33,819

Net assets attributable to members

 

57,607

53,031

Represented by:

 

Members’ other interests

 

Members' capital classified as equity

 

26,518

22,829

Other reserves

 

31,089

30,202

 

57,607

53,031

   

57,607

53,031

Total members' interests

 

Equity

 

57,607

53,031

   

57,607

53,031

For the year ending 31 March 2024 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships, and the option not to file the Members Report and Profit and Loss Account has been taken.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

 

Absolute Ecology LLP

(Registration number: OC388793)
Balance Sheet as at 31 March 2024 (continued)

The financial statements of Absolute Ecology LLP (registered number OC388793) were approved by the Board and authorised for issue on 7 August 2024. They were signed on behalf of the limited liability partnership by:

.........................................
Mr M Haydock
Designated member

 

Absolute Ecology LLP

Notes to the Financial Statements for the Period from 1 November 2022 to 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Absolute Ecology LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

Absolute Ecology LLP

Notes to the Financial Statements for the Period from 1 November 2022 to 31 March 2024 (continued)

1

Accounting policies (continued)

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

other taxes policy

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing balance

Plant & Machinery

15% Reducing balance

Office Equipment

20% Reducing balance

Computer Equipment

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 1 (2022 - 3).

 

Absolute Ecology LLP

Notes to the Financial Statements for the Period from 1 November 2022 to 31 March 2024 (continued)

3

Tangible fixed assets

Freehold land and buildings
£

Plant and machinery
£

Fixtures and fittings
£

Motor vehicles
£

Cost

At 1 November 2022

9,498

4,070

3,761

23,182

Additions

-

197

1,081

-

At 31 March 2024

9,498

4,267

4,842

23,182

Depreciation

At 1 November 2022

-

2,944

1,287

19,464

Charge for the year

-

281

1,008

1,317

At 31 March 2024

-

3,225

2,295

20,781

Net book value

At 31 March 2024

9,498

1,042

2,547

2,401

At 31 October 2022

9,498

1,126

2,474

3,718

Office equipment
£

Total
£

Cost

At 1 November 2022

6,887

47,398

Additions

-

1,278

At 31 March 2024

6,887

48,676

Depreciation

At 1 November 2022

4,491

28,186

Charge for the year

679

3,285

At 31 March 2024

5,170

31,471

Net book value

At 31 March 2024

1,717

17,205

At 31 October 2022

2,396

19,212

 

Absolute Ecology LLP

Notes to the Financial Statements for the Period from 1 November 2022 to 31 March 2024 (continued)

4

Debtors

31 March 2024
 £

31 October 2022
 £

Trade debtors

-

960

Other debtors

11,625

1,560

Total current trade and other debtors

11,625

2,520

5

Creditors: Amounts falling due within one year

31 March 2024
 £

31 October 2022
 £

Trade creditors

100

755

Other creditors

538

776

Taxation and social security

95

4,055

733

5,586