Earthing Services LLP OC374036 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is material sales and consultancy in the earthing industry Digita Accounts Production Advanced 6.30.9574.0 true OC374036 2024-04-01 2025-03-31 OC374036 2025-03-31 OC374036 core:CurrentFinancialInstruments 2025-03-31 OC374036 core:Non-currentFinancialInstruments 2025-03-31 OC374036 bus:SmallEntities 2024-04-01 2025-03-31 OC374036 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC374036 bus:FilletedAccounts 2024-04-01 2025-03-31 OC374036 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC374036 bus:PartnerLLP4 2024-04-01 2025-03-31 OC374036 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC374036 core:FurnitureFittings 2024-04-01 2025-03-31 OC374036 core:NetworkAssets 2024-04-01 2025-03-31 OC374036 core:PlantMachinery 2024-04-01 2025-03-31 OC374036 countries:AllCountries 2024-04-01 2025-03-31 OC374036 2024-03-31 OC374036 2023-04-01 2024-03-31 OC374036 2024-03-31 OC374036 core:CurrentFinancialInstruments 2024-03-31 OC374036 core:Non-currentFinancialInstruments 2024-03-31 iso4217:GBP xbrli:pure

Registration number: OC374036

Earthing Services LLP

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

Earthing Services LLP

Contents

Abridged Financial Statements

1 to 5

Abridged Balance Sheet

1

Notes to the Abridged Financial Statements

3

 

Earthing Services LLP

(Registration number: OC374036)
Abridged Balance Sheet as at 31 March 2025

Note

2025
 

2024
 

   

£

£

£

£

Current assets

   

 

Debtors

 

71,739

 

23,551

Cash and short-term deposits

   

10,206

 

83,001

   

81,945

 

106,552

Creditors: Amounts falling due within one year

 

(56,752)

 

(82,318)

Total assets less current liabilities

   

25,193

 

24,234

Creditors: Amounts falling due after more than one year

 

(6,000)

 

(30,000)

Net assets/(liabilities) attributable to members

   

19,193

 

(5,766)

Represented by:

   

 

Loans and other debts due to members

   

 

Members' capital classified as a liability

 

102

 

(24,857)

 

Members’ other interests

   

 

Members' capital classified as equity

 

19,091

 

19,091

 
     

19,193

 

(5,766)

Total members' interests

   

 

Loans and other debts due to members

 

102

 

(24,857)

 

Equity

 

19,091

 

19,091

 
     

19,193

 

(5,766)

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

 

Earthing Services LLP

(Registration number: OC374036)
Abridged Balance Sheet as at 31 March 2025

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Earthing Services LLP (registered number OC374036) were approved by the Board and authorised for issue on 17 June 2025. They were signed on behalf of the limited liability partnership by:

.........................................
Mrs SL Lines
Designated member

 

Earthing Services LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England & Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Earthing Services LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

 

Earthing Services LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Fixtures and fittings

25% straight line basis

Website

33.33% straight line basis

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 4 (2024 - 4).

 

Earthing Services LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

3

Tangible fixed assets

Total
£

Cost

At 1 April 2024

3,016

At 31 March 2025

3,016

Depreciation

At 1 April 2024

3,016

At 31 March 2025

3,016

Net book value

At 31 March 2025

-

4

Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.