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REGISTERED NUMBER: OC354330 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

FOR

ALLCOTT ASSOCIATES LLP

ALLCOTT ASSOCIATES LLP (REGISTERED NUMBER: OC354330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024




Page

General Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ALLCOTT ASSOCIATES LLP

GENERAL INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Mr T J Allcott
Mr M D Baker
Mrs K Baker
Mrs K A Allcott





REGISTERED OFFICE: Fosse Way
Unit 3 First Floor
The Fosse
Radford Semele
Warwickshire
CV31 1XN





REGISTERED NUMBER: OC354330 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ALLCOTT ASSOCIATES 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 Allcott Associates Llp for the period ended 31 March 2024 which comprise the Income Statement, 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 Allcott Associates 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 Allcott Associates Llp and state those matters that we have agreed to state to the members of Allcott Associates 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 Allcott Associates Llp and its members, as a body, for our work or for this report.

It is your duty to ensure that Allcott Associates 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 Allcott Associates Llp. You consider that Allcott Associates Llp is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Allcott Associates 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.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


8 November 2024

ALLCOTT ASSOCIATES LLP (REGISTERED NUMBER: OC354330)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 385,602 333,145

CURRENT ASSETS
Debtors 5 260,999 329,803
Cash at bank and in hand 402,875 550,308
663,874 880,111
CREDITORS
Amounts falling due within one year 6 365,361 474,525
NET CURRENT ASSETS 298,513 405,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,115

738,731

CREDITORS
Amounts falling due after more than one
year

7

261,982

246,352
NET ASSETS ATTRIBUTABLE TO
MEMBERS

422,133

492,379

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

422,133

492,379

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 422,133 492,379

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 period 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.

ALLCOTT ASSOCIATES LLP (REGISTERED NUMBER: OC354330)

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 November 2024 and were signed by:




Mr T J Allcott - Designated member




Mr M D Baker - Designated member


ALLCOTT ASSOCIATES LLP (REGISTERED NUMBER: OC354330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Allcott Associates 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 "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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 31 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 162,205 288,322 450,527
Additions 8,316 76,490 84,806
At 31 March 2024 170,521 364,812 535,333
DEPRECIATION
At 1 May 2023 99,362 18,020 117,382
Charge for period 10,674 21,675 32,349
At 31 March 2024 110,036 39,695 149,731
NET BOOK VALUE
At 31 March 2024 60,485 325,117 385,602
At 30 April 2023 62,843 270,302 333,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 255,242 246,325
Other debtors 5,757 83,478
260,999 329,803

ALLCOTT ASSOCIATES LLP (REGISTERED NUMBER: OC354330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 44,944 39,287
Trade creditors 105,285 186,030
Taxation and social security 200,843 228,627
Other creditors 4,289 10,581
365,361 474,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 20,833
Hire purchase contracts 250,315 225,519
261,982 246,352

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up Loans and other debts due to members' rank after other creditors.

In such an event other creditors are not afforded any protection which is legally enforceable and cannot be revoked solely by a decision of the members.