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REGISTERED NUMBER: OC373390 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

AEP (NE) LLP

AEP (NE) LLP (Registered number: OC373390)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AEP (NE) LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: A I Keeler
S G Wright





REGISTERED OFFICE: Unit B8
Arlon Court,Green Square
Kirkleatham Business Park
Redcar
TS10 5RS





REGISTERED NUMBER: OC373390 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

AEP (NE) LLP (Registered number: OC373390)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 69,176 97,841

CURRENT ASSETS
Stocks 17,082 30,358
Debtors 5 86,593 64,086
Cash at bank 75,387 82,938
179,062 177,382
CREDITORS
Amounts falling due within one year 6 150,227 157,213
NET CURRENT ASSETS 28,835 20,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,011

118,010

CREDITORS
Amounts falling due after more than one
year

7

45,223

86,892
NET ASSETS ATTRIBUTABLE TO
MEMBERS

52,788

31,118

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

52,788

31,118

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 52,788 31,118
Amounts due from members 5 - (2,256 )
52,788 28,862

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 2025.

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.

AEP (NE) LLP (Registered number: OC373390)

Balance Sheet - continued
31 March 2025


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 29 August 2025 and were signed by:




A I Keeler - Designated member




S G Wright - Designated member


AEP (NE) LLP (Registered number: OC373390)

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

1. STATUTORY INFORMATION

AEP (NE) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

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.

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

Change in accounting period
The previous accounting period was extended to 31 March 2024 and covered a 13 month period due to the changes in basis period reform. The current year's figures cover a 12 month period and therefore are not entirely comparable.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful economic lives. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease.

Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.

Rentals payable and receivable under operating leases are charged to the profit and loss account 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.

Debtors and creditors payable/receivable
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

AEP (NE) LLP (Registered number: OC373390)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2024 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 4,456 3,785 113,768 5,976 127,985
Additions 921 - - - 921
Disposals - - (5,600 ) - (5,600 )
At 31 March 2025 5,377 3,785 108,168 5,976 123,306
DEPRECIATION
At 1 April 2024 2,844 2,829 21,001 3,470 30,144
Charge for year 908 161 27,042 1,474 29,585
Eliminated on disposal - - (5,599 ) - (5,599 )
At 31 March 2025 3,752 2,990 42,444 4,944 54,130
NET BOOK VALUE
At 31 March 2025 1,625 795 65,724 1,032 69,176
At 31 March 2024 1,612 956 92,767 2,506 97,841

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 108,168
DEPRECIATION
At 1 April 2024 15,402
Charge for year 27,042
At 31 March 2025 42,444
NET BOOK VALUE
At 31 March 2025 65,724
At 31 March 2024 92,766

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 83,220 59,231
Other debtors 3,373 4,855
86,593 64,086

AEP (NE) LLP (Registered number: OC373390)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 4,250 4,250
Hire purchase contracts (see note 8) 36,725 36,725
Trade creditors 58,164 65,123
Taxation and social security 32,799 17,426
Other creditors 18,289 33,689
150,227 157,213

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 23,784 28,474
Hire purchase contracts (see note 8) 21,439 58,418
45,223 86,892

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,783 11,473

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 36,725 36,725
Between one and five years 21,439 58,418
58,164 95,143

Non-cancellable operating leases
2025 2024
£    £   
Within one year 676 676
Between one and five years 508 1,184
1,184 1,860

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2025 2024
£    £   
Amounts owed to members in respect of profits 52,788 31,118

Falling due within one year 52,788 31,118

Loans and other debts due to members rank after all unsecured creditors in the event of a winding up. No legally enforceable protection is afforded to any creditors.