REGISTERED NUMBER: OC414920 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PROJECT, TECHNICAL AND SITE SERVICES LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

K Manson

A Bell

D Saul

G Davidson

S Bedford

REGISTERED OFFICE:

Ground Floor

Finchale House

Belmont Business Park

County Durham

DH1 1TW

REGISTERED NUMBER:

OC414920 (England and Wales)

ACCOUNTANTS:

RMT Ribchesters

Accountants and Business Advisors

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

141,503

181,421

CURRENT ASSETS

Debtors

5

175,874

167,591

Cash at bank

63,357

39,672

239,231

207,263

CREDITORS

Amounts falling due within one year

6

99,880

77,836

NET CURRENT ASSETS

139,351

129,427

TOTAL ASSETS LESS CURRENT LIABILITIES

280,854

310,848

CREDITORS

Amounts falling due after more than one year

7

9,283

64,725

NET ASSETS ATTRIBUTABLE TO MEMBERS

271,571

246,123

LOANS AND OTHER DEBTS DUE TO MEMBERS

10

271,571

246,123

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

271,571

246,123

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 December 2024.

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.

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 17 March 2025 and were signed by:

G Davidson - Designated member

1.	STATUTORY INFORMATION

Project, Technical and Site Services LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lift or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment - 33% on cost

Motor Vehicles - straight line over 2, 3 or 4 years, after taking residual values into account

Plant & Machinery - 25% on cost and 50% on cost

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

318,486

Additions

46,397

Disposals

(103,695

)

At 31 December 2024

261,188

DEPRECIATION

At 1 January 2024

137,065

Charge for year

48,138

Eliminated on disposal

(65,518

)

At 31 December 2024

119,685

NET BOOK VALUE

At 31 December 2024

141,503

At 31 December 2023

181,421

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

220,161

Disposals

(103,695

)

At 31 December 2024

116,466

DEPRECIATION

At 1 January 2024

81,177

Charge for year

25,709

Eliminated on disposal

(65,518

)

At 31 December 2024

41,368

NET BOOK VALUE

At 31 December 2024

75,098

At 31 December 2023

138,984

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

170,441

159,215

Other debtors

1,876

1,876

Accrued income

1,750

6,500

Prepayments

1,807

-

175,874

167,591

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

49,210

31,678

Trade creditors

1,142

1,794

Taxation and social security

41,341

39,300

Other creditors

8,187

5,064

99,880

77,836

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

9,283

64,725

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

49,210

31,678

Between one and five years

9,283

64,725

58,493

96,403

Non-cancellable

operating leases

2024

2023

£

£

Within one year

4,357

4,357

Between one and five years

2,542

6,899

6,899

11,256

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

58,493

96,403

Hire purchase contracts are secured against the assets to which they relate.

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2024

2023

£

£

Amounts owed to members in respect of profits

271,571

246,123

Falling due within one year

271,571

246,123

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.