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REGISTERED NUMBER: OC362831 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

METHOD CONSULTING LLP

METHOD CONSULTING LLP (REGISTERED NUMBER: OC362831)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

METHOD CONSULTING LLP

GENERAL INFORMATION
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: A J Bursey
N Fox
T E Kelly
L Kendall
G S Macmillan
K P Mason
A N Mason
N J Sendall
M A R Smith





REGISTERED OFFICE: 3 New Bridge Square
Swindon
Wiltshire
SN2 1BY





REGISTERED NUMBER: OC362831 (England and Wales)





ACCOUNTANTS: ABCS
Unit 9c
Cirencester Office Park
Tetbury Rd
Cirencester
Gloucestershire
GL7 6JJ

METHOD CONSULTING LLP (REGISTERED NUMBER: OC362831)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,060 114,525
Investments 5 10,001 10,001
254,061 124,526

CURRENT ASSETS
Debtors 6 1,280,650 970,704
Investments 7 20 20
Cash at bank 890,378 835,520
2,171,048 1,806,244
CREDITORS
Amounts falling due within one year 8 798,302 494,615
NET CURRENT ASSETS 1,372,746 1,311,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,626,807

1,436,155

CREDITORS
Amounts falling due after more than one
year

9

73,592

122,653
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,553,215

1,313,502

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,553,215

1,313,502

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,553,215 1,313,502

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 31 March 2024.

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.

METHOD CONSULTING LLP (REGISTERED NUMBER: OC362831)

BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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.

The financial statements were approved by the members of the LLP and authorised for issue on 7 July 2024 and were signed by:




L Kendall - Designated member




G S Macmillan - Designated member


METHOD CONSULTING LLP (REGISTERED NUMBER: OC362831)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Method Consulting 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 63 (2023 - 54 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 44,953 57,236 298,402 400,591
Additions 110,217 34,349 42,856 187,422
At 31 March 2024 155,170 91,585 341,258 588,013
DEPRECIATION
At 1 April 2023 7,102 51,638 227,326 286,066
Charge for year 15,420 5,708 36,759 57,887
At 31 March 2024 22,522 57,346 264,085 343,953
NET BOOK VALUE
At 31 March 2024 132,648 34,239 77,173 244,060
At 31 March 2023 37,851 5,598 71,076 114,525

METHOD CONSULTING LLP (REGISTERED NUMBER: OC362831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 10,001
NET BOOK VALUE
At 31 March 2024 10,001
At 31 March 2023 10,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,127,504 912,734
Other debtors 153,146 57,970
1,280,650 970,704

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 20 20

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 78,336 22,112
Taxation and social security 285,001 247,897
Other creditors 434,965 224,606
798,302 494,615

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 73,592 122,653

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 720,784 497,263
Capital account 832,431 816,239
1,553,215 1,313,502

Falling due within one year 1,553,215 1,313,502

Loans and other debts due to members would rank behind other creditors in the event of a liquidation

METHOD CONSULTING LLP

REPORT OF THE ACCOUNTANTS TO THE MEMBERS OF
METHOD CONSULTING LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to three and you consider that the LLP is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






ABCS
Unit 9c
Cirencester Office Park
Tetbury Rd
Cirencester
Gloucestershire
GL7 6JJ


7 July 2024