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REGISTERED NUMBER: OC342063 (England and Wales)















PICKERING & BUTTERS LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






PICKERING & BUTTERS LLP (REGISTERED NUMBER: OC342063)

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


PICKERING & BUTTERS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mrs J Boulter
W G Johnson
Mrs A Bedford
J Wallbank





REGISTERED OFFICE: 19 Greengate Street
Stafford
Staffordshire
ST16 2LU





REGISTERED NUMBER: OC342063 (England and Wales)





ACCOUNTANTS: Deans
Chartered Accountants
Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ

PICKERING & BUTTERS LLP (REGISTERED NUMBER: OC342063)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 54,045 42,487

CURRENT ASSETS
Work in progress 90,833 128,871
Debtors 5 1,055,852 954,501
Cash at bank and in hand 724,051 863,964
1,870,736 1,947,336
CREDITORS
Amounts falling due within one year 6 (421,334 ) (316,000 )
NET CURRENT ASSETS 1,449,402 1,631,336
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,503,447 1,673,823

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

546,961

636,588

MEMBERS' OTHER INTERESTS
Capital accounts 33 37
Other reserves due to members 956,453 1,037,198
1,503,447 1,673,823

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 546,961 636,588
Members' other interests 956,486 1,037,235
1,503,447 1,673,823

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.

PICKERING & BUTTERS LLP (REGISTERED NUMBER: OC342063)

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 Profit and Loss has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 October 2024 and were signed by:





Mrs J Boulter - Designated member

PICKERING & BUTTERS LLP (REGISTERED NUMBER: OC342063)

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


1. STATUTORY INFORMATION

Pickering & Butters 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of legal and related services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to chargeable hours undertaken.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable
Interest income is recognised using the effective interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 4 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Work in progress
Work in progress is stated at the lower of cost and net realisable value.

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.

PICKERING & BUTTERS LLP (REGISTERED NUMBER: OC342063)

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


2. ACCOUNTING POLICIES - continued

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 the profit and loss account in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 41 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 13,153 315,221 328,374
Additions - 25,761 25,761
At 31 March 2024 13,153 340,982 354,135
DEPRECIATION
At 1 April 2023 13,153 272,734 285,887
Charge for year - 14,203 14,203
At 31 March 2024 13,153 286,937 300,090
NET BOOK VALUE
At 31 March 2024 - 54,045 54,045
At 31 March 2023 - 42,487 42,487

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 238,259 257,019
Bad debt provision (13,407 ) (9,219 )
Amounts recoverable on contracts 693,064 584,989
Other debtors 1,000 1,000
Prepayments 136,936 120,712
1,055,852 954,501

PICKERING & BUTTERS LLP (REGISTERED NUMBER: OC342063)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,372 20,560
Trade creditors 78,600 62,469
VAT 54,506 95,024
Other creditors 378 378
Accruals and deferred income 265,478 137,569
421,334 316,000

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 546,961 636,588

Falling due within one year 546,961 636,588

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

8. FINANCIAL COMMITMENTS

Total financial commitments and contingencies which are not included in the balance sheet amount to £33,806 (2023 £66,730).