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REGISTERED NUMBER: OC404692 (England and Wales)











UHY CALVERT SMITH LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






UHY CALVERT SMITH LLP (REGISTERED NUMBER: OC404692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 4


UHY CALVERT SMITH LLP (REGISTERED NUMBER: OC404692)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,447 55,692
Investments 5 1 1
51,448 55,693

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 875,762 990,460
Cash at bank and in hand 4,125 3,664
881,887 996,124
CREDITORS
Amounts falling due within one year 312,740 325,807
NET CURRENT ASSETS 569,147 670,317
TOTAL ASSETS LESS CURRENT LIABILITIES 620,595 726,010

CREDITORS
Amounts falling due after more than one
year

69,877

149,171
NET ASSETS ATTRIBUTABLE TO MEMBERS 550,718 576,839

UHY CALVERT SMITH LLP (REGISTERED NUMBER: OC404692)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

150,718

176,839

MEMBERS' OTHER INTERESTS
Capital accounts 400,000 400,000
550,718 576,839

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 150,718 176,839
Members' other interests 400,000 400,000
550,718 576,839

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.

UHY CALVERT SMITH LLP (REGISTERED NUMBER: OC404692)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 23 September 2024 and were signed by:




Harry Patrick Howley - Designated member




Hayden Lee Priest - Designated member


UHY CALVERT SMITH LLP (REGISTERED NUMBER: OC404692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

UHY Calvert Smith LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC404692

Registered office: Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

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.

The long-term financing of the firm is provided by capital introduced by the members, bank facilities and profits retained within the LLP. Current bank facilities, which are reviewed annually, are utilised to provide working capital facilities and to assist in capital projects.

The firm produces annual budgets and forecasts which take account of expected changes in the firm's trading performance and these demonstrate that the firm will be able to operate within its current level of facilities. On this basis, the members consider it appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about UHY Calvert Smith LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

Revenue recognition
Turnover for the provision of services is recognised when the LLP earns the right to consideration. Turnover excludes Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% straight line and 20% straight line
Fixtures and fittings - 10% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

UHY CALVERT SMITH LLP (REGISTERED NUMBER: OC404692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Taxation
The LLP is not subject to tax on its profits as taxation remains the responsibility of its members. Accordingly, no current or deferred tax charge is provided for in these financial statements.

Pensions
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 42 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 134,884
Additions 14,930
At 31 March 2024 149,814
DEPRECIATION
At 1 April 2023 79,192
Charge for year 19,175
At 31 March 2024 98,367
NET BOOK VALUE
At 31 March 2024 51,447
At 31 March 2023 55,692

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

UHY CALVERT SMITH LLP (REGISTERED NUMBER: OC404692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 14,100 13,150

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members other interests rank after unsecured creditors, and loans and other debts due to members ranks equally with other unsecured creditors in the event of a winding up. The members of the LLP have agreed with its bankers that the amounts included in members other interests and the amounts included in loans and other debts due to members will rank behind all amounts due to the bank. The members have also agreed that amounts included in members other interests will not be drawn.

8. OTHER FINANCIAL COMMITMENTS

The total future minimum lease payments under non-cancellable leases are as follows:

20242023
££
Amounts payable in less than 1 year50,00050,000
Amounts payable in more than one year but less than 5 years-50,000


9. RELATED PARTY DISCLOSURES

The LLP has provided security for a maximum of £400,000 (2022 - £400,000) of member's capital financed by bank loans.