Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 OC364773 Mr N Reynolds Mr T Millard Mr U Khan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC364773 2024-03-31 OC364773 2025-03-31 OC364773 2024-04-01 2025-03-31 OC364773 frs-core:CurrentFinancialInstruments 2025-03-31 OC364773 frs-core:Non-currentFinancialInstruments 2025-03-31 OC364773 frs-core:ComputerEquipment 2025-03-31 OC364773 frs-core:ComputerEquipment 2024-04-01 2025-03-31 OC364773 frs-core:ComputerEquipment 2024-03-31 OC364773 frs-core:FurnitureFittings 2025-03-31 OC364773 frs-core:FurnitureFittings 2024-04-01 2025-03-31 OC364773 frs-core:FurnitureFittings 2024-03-31 OC364773 frs-core:PlantMachinery 2025-03-31 OC364773 frs-core:PlantMachinery 2024-04-01 2025-03-31 OC364773 frs-core:PlantMachinery 2024-03-31 OC364773 frs-bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC364773 frs-bus:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC364773 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 OC364773 frs-bus:SmallEntities 2024-04-01 2025-03-31 OC364773 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC364773 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC364773 frs-core:CurrentFinancialInstruments 1 2025-03-31 OC364773 frs-core:Non-currentFinancialInstruments 1 2025-03-31 OC364773 frs-countries:EnglandWales 2024-04-01 2025-03-31 OC364773 frs-bus:PartnerLLP1 2024-04-01 2025-03-31 OC364773 frs-bus:PartnerLLP2 2024-04-01 2025-03-31 OC364773 frs-bus:PartnerLLP3 2024-04-01 2025-03-31 OC364773 2023-03-31 OC364773 2024-03-31 OC364773 2023-04-01 2024-03-31 OC364773 frs-core:CurrentFinancialInstruments 2024-03-31 OC364773 frs-core:Non-currentFinancialInstruments 2024-03-31 OC364773 frs-core:CurrentFinancialInstruments 1 2024-03-31 OC364773 frs-core:Non-currentFinancialInstruments 1 2024-03-31
Registered number: OC364773
Cotswold Surgical Partners LLP
Unaudited Financial Statements
For The Year Ended 31 March 2025
MPN Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC364773
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 128,405 136,993
128,405 136,993
CURRENT ASSETS
Stocks 5 4,000 4,403
Debtors 6 246,073 303,860
Cash at bank and in hand 261,695 211,842
511,768 520,105
Creditors: Amounts Falling Due Within One Year 7 (174,766 ) (239,099 )
NET CURRENT ASSETS (LIABILITIES) 337,002 281,006
TOTAL ASSETS LESS CURRENT LIABILITIES 465,407 417,999
Creditors: Amounts Falling Due After More Than One Year 8 (311,949 ) (370,786 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 153,458 47,213
REPRESENTED BY:
Equity
Members' other interests
Members' capital 3 3
Other reserves 153,455 47,210
153,458 47,213
TOTAL MEMBERS' INTEREST
Members' other interests 153,458 47,213
153,458 47,213
Page 1
Page 2
For the year ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr N Reynolds
Designated Member
20 May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cotswold Surgical Partners LLP is a limited liability partnership, incorporated in England & Wales, registered number OC364773 . The Registered Office is Unit 13, Interface Business Park, Royal Wootton Bassett , Wiltshire , SN4 8SY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 34 (2024: 33)
34 33
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 103,037 103,771 46,014 252,822
Additions 25,327 7,744 6,627 39,698
As at 31 March 2025 128,364 111,515 52,641 292,520
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2024 60,043 38,396 17,390 115,829
Provided during the period 23,573 14,297 10,416 48,286
As at 31 March 2025 83,616 52,693 27,806 164,115
Net Book Value
As at 31 March 2025 44,748 58,822 24,835 128,405
As at 1 April 2024 42,994 65,375 28,624 136,993
5. Stocks
2025 2024
£ £
Stock 4,000 4,403
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 229,723 287,510
Prepayments and accrued income 16,350 16,350
246,073 303,860
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 137,435 193,527
Pension control account 3,149 966
Accruals and deferred income 34,182 44,606
174,766 239,099
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Members loan 311,949 370,786
Page 4