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REGISTERED NUMBER: OC339948 (England and Wales)











SMITHS FIRE LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






SMITHS FIRE LLP (REGISTERED NUMBER: OC339948)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 4


SMITHS FIRE LLP (REGISTERED NUMBER: OC339948)

ABRIDGED BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,605 25,208
Tangible assets 5 135,571 126,195
155,176 151,403

CURRENT ASSETS
Stocks 41,238 38,832
Debtors 309,339 264,175
Prepayments and accrued income 26,394 22,988
Cash at bank and in hand 325,339 243,417
702,310 569,412
CREDITORS
Amounts falling due within one year 243,996 220,510
NET CURRENT ASSETS 458,314 348,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,490

500,305

CREDITORS
Amounts falling due after more than one
year

(40,403

)

(81,576

)

ACCRUALS AND DEFERRED INCOME (10,495 ) (12,243 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

562,592

406,486

SMITHS FIRE LLP (REGISTERED NUMBER: OC339948)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2025

2025 2024
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

556,592

400,486

MEMBERS' OTHER INTERESTS
Capital accounts 6,000 6,000
562,592 406,486

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 556,592 400,486
Members' other interests 6,000 6,000
562,592 406,486

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.

SMITHS FIRE LLP (REGISTERED NUMBER: OC339948)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 20 August 2025 and were signed by:




R J Smith - Designated member




Mrs S J Smith-Buchanan - Designated member


SMITHS FIRE LLP (REGISTERED NUMBER: OC339948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Smiths Fire LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC339948

Registered office: Northfield Point
Cunliffe Drive
Kettering
Northamptonshire
NN16 9QJ

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

SMITHS FIRE LLP (REGISTERED NUMBER: OC339948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Taxation
Taxation on all of the LLP's profits is solely the personal liability of the individual members, consequently neither taxation nor related deferred taxation arising in respect of the members are accounted for in these financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 20 (2024 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024
and 31 March 2025 112,057
AMORTISATION
At 1 April 2024 86,849
Amortisation for year 5,603
At 31 March 2025 92,452
NET BOOK VALUE

At 31 March 2025 19,605
At 31 March 2024 25,208

SMITHS FIRE LLP (REGISTERED NUMBER: OC339948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 383,444
Additions 52,319
Disposals (38,909 )
At 31 March 2025 396,854
DEPRECIATION
At 1 April 2024 257,249
Charge for year 36,048
Eliminated on disposal (32,014 )
At 31 March 2025 261,283
NET BOOK VALUE
At 31 March 2025 135,571
At 31 March 2024 126,195

6. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 25,667 65,000
Finance leases 46,576 56,416
72,243 121,416

The bank loan is secured by a fixed and floating charge over all of the LLP's assets. The finance lease is secured over the assets to which they relate.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the loans and other debts due to members have no preferential rights over creditors.

8. OTHER FINANCIAL COMMITMENTS

Not included in the balance sheet are financial commitments, in the form of operating leases, amounting to £170,206 (2024 - £206,165).