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REGISTERED NUMBER: OC370815 (England and Wales)















Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2024

for

Ashwood Law Support Services LLP

Ashwood Law Support Services LLP (Registered number: OC370815)






Contents of the Financial Statements
for the Period 1 October 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Ashwood Law Support Services LLP

General Information
for the Period 1 October 2023 to 31 March 2024







DESIGNATED MEMBERS: R A Lawson
S G Burton
S M Bailey
R A Grattage
Mrs A K Lawson
Ms C S Bennett
G A Williams
Mrs S M Burton
N S Trudgill
Mrs K M Grattage





REGISTERED OFFICE: Ashwood Law House
7 Newton Road
Heather
Leicestershire
LE67 2RD





REGISTERED NUMBER: OC370815 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Ashwood Law Support Services LLP (Registered number: OC370815)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,476,390 1,520,260
Tangible assets 5 390,998 340,545
1,867,388 1,860,805

CURRENT ASSETS
Debtors 6 357,721 399,469
Cash at bank 164,293 74,355
522,014 473,824
CREDITORS
Amounts falling due within one year 7 (1,384,032 ) (1,342,054 )
NET CURRENT LIABILITIES (862,018 ) (868,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005,370

992,575

CREDITORS
Amounts falling due after more than one
year

8

(621,933

)

(696,203

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

383,437

296,372

LOANS AND OTHER DEBTS DUE TO
MEMBERS

383,437

296,372

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 383,437 296,372
Amounts due from members 6 - (7,851 )
383,437 288,521

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.

Ashwood Law Support Services LLP (Registered number: OC370815)

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 account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 January 2025 and were signed by:





R A Lawson - Designated member

Ashwood Law Support Services LLP (Registered number: OC370815)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 March 2024

1. STATUTORY INFORMATION

Ashwood Law Support Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2023 - 22 ) .

Ashwood Law Support Services LLP (Registered number: OC370815)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 31 March 2024 1,754,777
AMORTISATION
At 1 October 2023 234,517
Charge for period 43,870
At 31 March 2024 278,387
NET BOOK VALUE
At 31 March 2024 1,476,390
At 30 September 2023 1,520,260

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 584,285
Additions 139,840
Disposals (81,899 )
At 31 March 2024 642,226
DEPRECIATION
At 1 October 2023 243,740
Charge for period 58,031
Eliminated on disposal (50,543 )
At 31 March 2024 251,228
NET BOOK VALUE
At 31 March 2024 390,998
At 30 September 2023 340,545

Ashwood Law Support Services LLP (Registered number: OC370815)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 467,285
Additions 120,740
Disposals (68,800 )
At 31 March 2024 519,225
DEPRECIATION
At 1 October 2023 155,851
Charge for period 47,878
Eliminated on disposal (39,775 )
At 31 March 2024 163,954
NET BOOK VALUE
At 31 March 2024 355,271
At 30 September 2023 311,434

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 357,721 399,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,113 40,080
Hire purchase contracts 75,759 70,222
Taxation and social security 14,718 8,450
Other creditors 1,273,442 1,223,302
1,384,032 1,342,054

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 36,413 46,532
Hire purchase contracts 289,104 244,111
Other creditors 296,416 405,560
621,933 696,203

Ashwood Law Support Services LLP (Registered number: OC370815)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 18,280 70,575

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Ashwood Law Support Services 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 Ashwood Law Support Services LLP for the period 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 Ashwood Law Support Services 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 Ashwood Law Support Services LLP and state those matters that we have agreed to state to the members of Ashwood Law Support Services 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 Ashwood Law Support Services LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Ashwood Law Support Services 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 Ashwood Law Support Services LLP. You consider that Ashwood Law Support Services 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 Ashwood Law Support Services 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


28 January 2025