IRIS Accounts Production v24.3.2.46 SO306814 designated member designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3068142023-03-31SO3068142024-03-31SO3068142023-04-012024-03-31SO3068142022-03-31SO3068142022-04-012023-03-31SO3068142023-03-31SO306814ns15:Scotland2023-04-012024-03-31SO306814ns14:PoundSterling2023-04-012024-03-31SO306814ns10:PartnerLLP12023-04-012024-03-31SO306814ns10:PartnerLLP22023-04-012024-03-31SO306814ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31SO306814ns10:SmallEntities2023-04-012024-03-31SO306814ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SO306814ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SO306814ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31SO306814ns10:FullAccounts2023-04-012024-03-31SO306814ns10:RegisteredOffice2023-04-012024-03-31SO306814ns5:CurrentFinancialInstruments2024-03-31SO306814ns5:CurrentFinancialInstruments2023-03-31SO306814ns5:Non-currentFinancialInstruments2024-03-31SO306814ns5:Non-currentFinancialInstruments2023-03-31SO306814ns5:PlantMachinery2023-04-012024-03-31SO306814ns5:PlantMachinery2023-03-31SO306814ns5:PlantMachinery2024-03-31SO306814ns5:PlantMachinery2023-03-31SO306814ns5:CostValuation2024-03-31SO306814ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SO306814ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SO306814 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

QUANTIFY ADVISORS GROUP LLP

QUANTIFY ADVISORS GROUP LLP (REGISTERED NUMBER: SO306814)






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


QUANTIFY ADVISORS GROUP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: Mrs M E Clark
T A Faichnie





REGISTERED OFFICE: H1 Hill of Rubislaw
Anderson Drive
Aberdeen
AB15 6BL





REGISTERED NUMBER: SO306814 (Scotland)

QUANTIFY ADVISORS GROUP LLP (REGISTERED NUMBER: SO306814)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 581 710
Investments 6 100 100
681 810

CURRENT ASSETS
Debtors 7 406,814 297,632
Cash at bank 11,062 44,409
417,876 342,041
CREDITORS
Amounts falling due within one year 8 117,663 342,851
NET CURRENT ASSETS/(LIABILITIES) 300,213 (810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,894

-

CREDITORS
Amounts falling due after more than one
year

9

300,894

-
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 7 (222,499 ) (220,287 )

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.

QUANTIFY ADVISORS GROUP LLP (REGISTERED NUMBER: SO306814)

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 21 January 2025 and were signed by:





Mrs M E Clark - Designated member

QUANTIFY ADVISORS GROUP LLP (REGISTERED NUMBER: SO306814)

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

1. STATUTORY INFORMATION

Quantify Advisors Group LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the limited liability partnership's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The members consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.
Plant and machinery etc - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

QUANTIFY ADVISORS GROUP LLP (REGISTERED NUMBER: SO306814)

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

3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,476
Additions 444
At 31 March 2024 1,920
DEPRECIATION
At 1 April 2023 766
Charge for year 573
At 31 March 2024 1,339
NET BOOK VALUE
At 31 March 2024 581
At 31 March 2023 710

6. FIXED ASSET INVESTMENTS
Interest
in
associate
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,732 65,257
Amounts recoverable on contract 150,000 -
Other debtors 233,082 232,375
406,814 297,632

QUANTIFY ADVISORS GROUP LLP (REGISTERED NUMBER: SO306814)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,892 199,017
Taxation and social security 23,171 44,889
Other creditors 80,600 98,945
117,663 342,851

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 300,894 -