Registered No. OC373533 (England and Wales)
B&M Tax Accountants LLP
Unaudited accounts
for the year ended 31 March 2025
B&M Tax Accountants LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mr Steve Bee
Registered Number
OC373533 (England and Wales)
Registered Office
Aberdeen House
South Road
Haywards Heath
West Sussex
RH16 4NG
B&M Tax Accountants LLP
Statement of financial position
as at 31 March 2025
Tangible assets
9,669
2,214
Inventories
103,824
67,702
Cash at bank and in hand
88,138
162,997
Creditors: amounts falling due within one year
(24,948)
(36,660)
Net current assets
256,464
281,402
Net assets attributable to members
266,133
283,616
Loans and other debts due to members
131,026
283,616
Loans and other debts due to members
131,026
283,616
Members' other interests
135,107
-
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 5 May 2025.
Mr Steve Bee
Designated member
Limited Liability Partnership Registration No. OC373533
B&M Tax Accountants LLP
Notes to the Accounts
for the year ended 31 March 2025
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Work in progress is valued in accordance with UITF40 and therefore includes the profit element.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
20% straight line
Fixtures & fittings
25% reducing balance
Computer equipment
25% straightline
The accounts are presented in £ sterling.
B&M Tax Accountants LLP is a limited liability partnership, incorporated in England and Wales, registration number OC373533. Its registered office is Aberdeen House, South Road, Haywards Heath, West Sussex, RH16 4NG.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
12,797
13,999
3,990
19,718
50,504
Additions
-
-
-
11,061
11,061
Disposals
-
-
-
(6,306)
(6,306)
At 31 March 2025
12,797
13,999
3,990
24,473
55,259
At 1 April 2024
12,037
13,999
3,438
18,816
48,290
Charge for the year
205
-
162
3,239
3,606
On disposals
-
-
-
(6,306)
(6,306)
At 31 March 2025
12,242
13,999
3,600
15,749
45,590
At 31 March 2025
555
-
390
8,724
9,669
At 31 March 2024
760
-
552
902
2,214
B&M Tax Accountants LLP
Notes to the Accounts
for the year ended 31 March 2025
4
Creditors: amounts falling due within one year
2025
2024
Trade creditors
3,487
2,612
Taxes and social security costs
21,215
30,613
5
Loans and other debts due to members
2025
2024
Members' capital classified as a liability
17,034
17,034
Amounts due to members in respect of profits
113,992
266,582
Amounts falling due within one year
131,026
283,616
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).