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REGISTERED NUMBER: OC326121 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Berry Smith LLP

Accountants' Report to the Members
on the Unaudited Financial Statements of
Berry Smith 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.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Berry Smith LLP for the year ended 31 March 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Berry Smith LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berry Smith LLP and state those matters that we have agreed to state to the members of Berry Smith LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berry Smith LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Berry Smith LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Berry Smith LLP. You consider that Berry Smith LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Berry Smith LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited


14 November 2024

Berry Smith LLP (Registered number: OC326121)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 42,774 48,316

CURRENT ASSETS
Debtors 5 1,554,867 1,577,499
Cash at bank and in hand 809,541 521,538
2,364,408 2,099,037
CREDITORS
Amounts falling due within one year 6 1,455,003 1,057,532
NET CURRENT ASSETS 909,405 1,041,505
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

952,179

1,089,821

LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

802,179

914,821

MEMBERS' OTHER INTERESTS
Capital accounts 150,000 175,000
952,179 1,089,821

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

802,179

914,821
Members' other interests 150,000 175,000
952,179 1,089,821

Berry Smith LLP (Registered number: OC326121)

Balance Sheet - continued
31 March 2024


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.

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 Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 November 2024 and were signed by:





R A Bound - Designated member

Berry Smith LLP (Registered number: OC326121)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

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

Registered number: OC326121

Registered office: Berry Smith Corporate
Haywood House
Dumfries Place
Cardiff
CF10 3GA

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.
Freehold property - over the lease term
Plant and machinery - 25% reducing balance & 33% straight line

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.

Provision for tax
Taxation on members' profits is the personal liability of individual members. However, as the firm settles these liabilities on behalf of the members, a provision for taxation is held within the accounts to reflect the anticipated cash outflow, with a corresponding charge to members' current accounts.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 72 (2023 - 67 ) .

Berry Smith LLP (Registered number: OC326121)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 April 2023 20,215 337,075 357,290
Additions - 18,859 18,859
At 31 March 2024 20,215 355,934 376,149
DEPRECIATION
At 1 April 2023 20,215 288,759 308,974
Charge for year - 24,401 24,401
At 31 March 2024 20,215 313,160 333,375
NET BOOK VALUE
At 31 March 2024 - 42,774 42,774
At 31 March 2023 - 48,316 48,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 979,541 1,036,190
Amounts recoverable on contract 440,472 406,733
Other debtors 134,854 134,576
1,554,867 1,577,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 224,047 186,660
Taxation and social security 322,750 271,397
Other creditors 908,206 599,475
1,455,003 1,057,532

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members rank pari passu with other unsecured creditors in the event of a winding up of the business.