Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true39false2023-04-01falseConsulting Engineers40trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC334716 2023-04-01 2024-03-31 OC334716 2022-04-01 2023-03-31 OC334716 2024-03-31 OC334716 2023-03-31 OC334716 c:MotorVehicles 2023-04-01 2024-03-31 OC334716 c:MotorVehicles 2024-03-31 OC334716 c:MotorVehicles 2023-03-31 OC334716 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC334716 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC334716 c:FurnitureFittings 2023-04-01 2024-03-31 OC334716 c:FurnitureFittings 2024-03-31 OC334716 c:FurnitureFittings 2023-03-31 OC334716 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC334716 c:FurnitureFittings c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC334716 c:ComputerEquipment 2023-04-01 2024-03-31 OC334716 c:ComputerEquipment 2024-03-31 OC334716 c:ComputerEquipment 2023-03-31 OC334716 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC334716 c:ComputerEquipment c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC334716 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 OC334716 c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 OC334716 c:CurrentFinancialInstruments 2024-03-31 OC334716 c:CurrentFinancialInstruments 2023-03-31 OC334716 c:Non-currentFinancialInstruments 2024-03-31 OC334716 c:Non-currentFinancialInstruments 2023-03-31 OC334716 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC334716 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC334716 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC334716 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 OC334716 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC334716 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-03-31 OC334716 c:FinancialLiabilitiesAmortisedCost 2024-03-31 OC334716 c:FinancialLiabilitiesAmortisedCost 2023-03-31 OC334716 d:FRS102 2023-04-01 2024-03-31 OC334716 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC334716 d:FullAccounts 2023-04-01 2024-03-31 OC334716 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC334716 c:WithinOneYear 2024-03-31 OC334716 c:WithinOneYear 2023-03-31 OC334716 c:BetweenOneFiveYears 2024-03-31 OC334716 c:BetweenOneFiveYears 2023-03-31 OC334716 c:MoreThanFiveYears 2024-03-31 OC334716 c:MoreThanFiveYears 2023-03-31 OC334716 c:HirePurchaseContracts c:WithinOneYear 2024-03-31 OC334716 c:HirePurchaseContracts c:WithinOneYear 2023-03-31 OC334716 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-03-31 OC334716 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-03-31 OC334716 2 2023-04-01 2024-03-31 OC334716 6 2023-04-01 2024-03-31 OC334716 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-03-31 OC334716 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-03-31 OC334716 d:PartnerLLP2 2023-04-01 2024-03-31 OC334716 d:PartnerLLP3 2023-04-01 2024-03-31 OC334716 d:PartnerLLP4 2023-04-01 2024-03-31 OC334716 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC334716









COLIN TOMS AND PARTNERS LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
COLIN TOMS AND PARTNERS LLP
 

INFORMATION




Designated Members

C Clark
R King
N Casey

LLP registered number

OC334716

Registered office

Suffolk House
154 High Street
Sevenoaks
Kent
TN13 1XE


 
COLIN TOMS AND PARTNERS LLP
 

CONTENTS



Page
Balance sheet
 
1 - 2
Reconciliation of members' interests
 
3
Notes to the financial statements
 
4 - 13


 
COLIN TOMS AND PARTNERS LLP
REGISTERED NUMBER: OC334716

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
183,232
286,072

Investments
 6 
1
1

  
183,233
286,073

Current assets
  

Debtors: amounts falling due within one year
 7 
1,328,667
1,232,074

Cash at bank and in hand
 8 
12,161
291,788

  
1,340,828
1,523,862

Creditors: Amounts Falling Due Within One Year
 9 
(1,478,982)
(884,809)

Net current (liabilities)/assets
  
 
 
(138,154)
 
 
639,053

Total assets less current liabilities
  
45,079
925,126

Creditors: amounts falling due after more than one year
 10 
(62,117)
(151,404)

  
(17,038)
773,722

  

Net (liabilities)/assets
  
(17,038)
773,722


Represented by:
  

Loans and other debts due to members within one year
  

Members' capital classified as a liability
  
310,500
450,000

Other amounts
 14 
(327,538)
323,722

  

  
(17,038)
773,722


Total members' interests
  

Loans and other debts due to members
 14 
(17,038)
773,722


Page 1

 
COLIN TOMS AND PARTNERS LLP
REGISTERED NUMBER: OC334716
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 29 November 2024.




C Clark
Designated member


The notes on pages 4 to 13 form part of these financial statements.

Colin Toms and Partners LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity.

Page 2

 
COLIN TOMS AND PARTNERS LLP
 

RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 MARCH 2024





DEBT
Loans and other debts due to members less any amounts due from members in debtors
Members' capital (classified as debt)
Other amounts
Total

£
£
£

Balance at 1 April 2022 
450,000
243,364
693,364

Members' remuneration charged as an expense
-
1,030,554
1,030,554

Members' interests after profit for the year
450,000
1,273,918
1,723,918

Amounts introduced by members
36,000
-
36,000

Repayment of capital
(36,000)
-
(36,000)

Drawings on account and distribution of profit
-
(507,056)
(507,056)

Tax payments
-
(443,140)
(443,140)

Balance at 31 March 2023
450,000
323,722
773,722

Members' remuneration charged as an expense
-
1,075,237
1,075,237

Members' interests after profit for the year
450,000
1,398,959
1,848,959

Amounts introduced by members
22,500
-
22,500

Repayment of capital
(162,000)
-
(162,000)

Drawings on account and distribution of profit
-
(1,244,765)
(1,244,765)

Tax payments
-
(481,732)
(481,732)

Balance at 31 March 2024 
310,500
(327,538)
(17,038)

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

Page 3

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Colin Toms and Partners LLP ("the LLP") is a Limited Liability Partnership domiciled and incorporated in England. The address of its principal place of business is Suffolk House, 154 High Street, Sevenoaks, Kent, TN13 1XE.
The LLP's principal activity is that of consulting engineers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling which is the functional currency of the LLP and rounded to the nearest £. They present information for the LLP alone.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The members consider that there are no material uncertainties about the LLP's ability to continue as a going concern.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the LLP as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the LLP in independently administered funds.

 
2.9

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

Page 5

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line
Fixtures and fittings
-
20% straight line
Computer equipment
-
33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted LLP shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimates means that actual outcomes could differ from those estimates. The following judgements have had the most significant effect upon amounts recognised in these financial statements:
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in estimates of useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technology advancement, future investments, economic utilisation and the physical condition of the assets.


4.


Employees

The average monthly number of employees, including directors, during the year was 39 (2023 - 40).

Page 7

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
289,394
38,375
103,957
431,726


Additions
4,518
3,799
27,310
35,627


Disposals
(106,000)
-
-
(106,000)



At 31 March 2024

187,912
42,174
131,267
361,353



Depreciation


At 1 April 2023
73,072
22,962
49,620
145,654


Charge for the year on owned assets
1,164
6,383
32,735
40,282


Charge for the year on financed assets
77,565
-
-
77,565


Disposals
(85,380)
-
-
(85,380)



At 31 March 2024

66,421
29,345
82,355
178,121



Net book value



At 31 March 2024
121,491
12,829
48,912
183,232



At 31 March 2023
216,322
15,413
54,337
286,072

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
116,883
215,068

Page 8

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
1



At 31 March 2024
1





7.


Debtors

2024
2023
£
£


Trade debtors
842,873
739,175

Amounts owed by group undertakings
172,340
95,532

Prepayments and accrued income
147,684
132,560

Amounts recoverable on long-term contracts
165,770
264,807

1,328,667
1,232,074



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,161
291,788


Page 9

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
62,202

Trade creditors
88,192
72,407

Other taxation and social security
205,451
207,130

Obligations under finance lease and hire purchase contracts
27,001
33,978

Other creditors
1,120,675
258,552

Accruals and deferred income
37,663
250,540

1,478,982
884,809


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
27,001
33,978

Bank loans
-
62,202

27,001
96,180

Details of security provided:

Hire purchase liabilities are secured on the assets to which they relate.
The LLP's bank has a fixed and floating charge over all assets of the company to cover all present/future borrowing that it may have.

Page 10

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
12,799

Net obligations under finance leases and hire purchase contracts
62,117
138,605

62,117
151,404


The following liabilities were secured:

2024
2023
£
£



Obligations under finance leases and ire purchase contracts
62,117
138,605

Bank loans
-
12,799

62,117
151,404

Details of security provided:

Hire purchase liabilities are secured on the assets to which they relate.
The LLP's bank has a fixed and floating charge over all assets of the company to cover all present/future borrowing that it may have.


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
62,202

Amounts falling due 1-2 years

Bank loans
-
12,799



-
75,001


Page 11

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
27,001
33,978

Between 1-5 years
62,117
138,605

89,118
172,583


13.


Financial instruments

2024
2023
£
£



Financial liabilities


Financial liabilities measured at amortised cost
(89,118)
(247,584)


Financial liabilities measured at amortised cost comprise of assets purchased on finance leases and a bank loan.


14.


Loans and other debts due to members


2024
2023
£
£



Members' capital treated as debt
310,500
450,000

Other amounts due to members
(327,538)
323,722

(17,038)
773,722

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
(17,038)
773,722

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

Page 12

 
COLIN TOMS AND PARTNERS LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

15.


Pension commitments

The entity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administered fund. The pension cost charge represents contributions payable by the entity to the fund and amounted to £79,001 (2023- £71,115). 


16.


Commitments under operating leases

At 31 March 2024 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
190,389
55,254

Later than 1 year and not later than 5 years
623,316
2,700

Later than 5 years
5,400
-

819,105
57,954


17.


Related party transactions

The LLP used the services of Mrs S Taylor, wife of a designated member, for accounting services during the year amounting to £17,776 (2023 - £20,803). At the year end there was an amount included in trade creditors of £1,475 (2023 - £2,279) owing to her.

 
Page 13