Registered number
SO306414
Liddle & Anderson Limited Liability Partnership
Unaudited Filleted Accounts
31 March 2024
Liddle & Anderson Limited Liability Partnership
Registered number: SO306414
Balance Sheet
as at 31 March 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 4 25,769 33,084
Current assets
Stocks 83,250 90,500
Debtors 5 77,048 112,934
Cash at bank and in hand 2,951,041 2,963,553
3,111,339 3,166,987
Creditors: amounts falling due within one year 6 (2,946,298) (2,950,426)
Net current assets 165,041 216,561
Total assets less current liabilities 190,810 249,645
Creditors: amounts falling due after more than one year 7 - (58,406)
Net assets attributable to members 190,810 191,239
Represented by:
Loans and other debts due to members (91,681) (20,438)
Members' other interests
Other reserves 282,491 211,677
190,810 191,239
Total members' interests
Loans and other debts due to members (91,681) (20,438)
Members' other interests 282,491 211,677
190,810 191,239
For the period ended 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 31 July 2024 and signed on their behalf by:
William MacRae
Designated member
Liddle & Anderson Limited Liability Partnership
Notes to the Accounts
for the period from 1 January 2023 to 31 March 2024
1 Accounting policies
The principal accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied in the current and preceding financial year, unless otherwise stated.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

The financial statements are prepared in Sterling which is the functional currency of the LLP.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% reducing balance
Office equipment 33% 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 credited or charged to profit or loss.
Impairment of fixed assets
At each balance sheet date, the LLP reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is immediately recognised in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in profit or loss.
Stocks and Work in Progress
Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as activity progresses.
Financial instruments
Basic financial instruments, including trade and other debtors, trade and other payables and cash and bank balances are initially recognised at transaction price and are subsequently measured at amortised cost using the effective interest method less any impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not been previously recognised. The impairment reversal is recognised in profit or loss.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Judgements and key sources of estimation uncertainty
In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Employees 2024 2022
Number Number
Average number of persons employed by the LLP 13 13
4 Tangible fixed assets
Fixtures and fittings Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 3,342 15,130 46,990 65,462
Additions 266 8,217 - 8,483
At 31 March 2024 3,608 23,347 46,990 73,945
Depreciation
At 1 January 2023 1,870 9,950 20,558 32,378
Charge for the period 543 6,995 8,260 15,798
At 31 March 2024 2,413 16,945 28,818 48,176
Net book value
At 31 March 2024 1,195 6,402 18,172 25,769
At 31 December 2022 1,472 5,180 26,432 33,084
5 Debtors 2024 2022
£ £
Trade debtors 30,870 64,557
Other debtors 46,178 48,377
77,048 112,934
6 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors 2,894 1,429
Other taxes and social security costs 47,809 38,483
Other creditors 2,895,595 2,910,514
2,946,298 2,950,426
7 Creditors: amounts falling due after one year 2024 2022
£ £
Other creditors - 58,406
8 Other financial commitments
The LLP had the following future minimum lease payments under non-cancellable operating leases
for each of the following periods:
Payment due 2024 2022
£ £
Not later than one year 17,000 17,000
Later than one year and not later than five years 46,750 85,000
Later than five years - -
63,750 102,000
9 Other information
Liddle & Anderson Limited Liability Partnership is a limited liability partnership incorporated in Scotland. Its registered office is:
2 Market Street
Bo'ness
EH51 9AD
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