REGISTERED NUMBER: OC325205 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WASHROOM JOINERY LLP

Page

General Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mrs D L Archer-Gay

Mr T M Bowers

Mr P W Gay

Mrs S Y Read

Mr M I Read

Ms S L White

REGISTERED OFFICE:

Units 1-10 Hill Farm

Epping Lane

Abridge

Essex

RM4 1TU

REGISTERED NUMBER:

OC325205 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

1,227,881

1,349,312

CURRENT ASSETS

Debtors

2,523,373

2,017,137

Cash at bank and in hand

33,240

58,737

2,556,613

2,075,874

CREDITORS

Amounts falling due within one year

3,533,260

2,319,009

NET CURRENT LIABILITIES

(976,647

)

(243,135

)

TOTAL ASSETS LESS CURRENT LIABILITIES

251,234

1,106,177

CREDITORS

Amounts falling due after more than one year

245,938

491,264

NET ASSETS ATTRIBUTABLE TO MEMBERS

5,296

614,913

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

5,296

578,612

MEMBERS' OTHER INTERESTS

Capital accounts

-

36,301

5,296

614,913

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

5,296

578,612

Members' other interests

-

36,301

5,296

614,913

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 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 25 September 2025 and were signed by:

Mr M I Read - Designated member

1.	STATUTORY INFORMATION

Washroom Joinery 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 presentation currency of the financial statements is the Pound Sterling (£).

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 accounts have been prepared on the going concern basis as the members are of the opinion that the LLP will meet its liabilities as and when due, due to the continued support of the members.

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.

Improvements to property

-

15% on cost

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and 20% 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.

Rentals paid under operating leases are charged to profit or loss 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.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 51 (2023 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

2,257,459

Additions

69,300

Disposals

(140,250

)

At 31 December 2024

2,186,509

DEPRECIATION

At 1 January 2024

908,147

Charge for year

158,618

Eliminated on disposal

(108,137

)

At 31 December 2024

958,628

NET BOOK VALUE

At 31 December 2024

1,227,881

At 31 December 2023

1,349,312

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

Totals

£

COST

Reclassification/transfer

618,303

At 31 December 2024

618,303

DEPRECIATION

Charge for year

50,543

Reclassification/transfer

82,930

At 31 December 2024

133,473

NET BOOK VALUE

At 31 December 2024

484,830

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

530,022

783,348

Factoring creditor

270,038

-

800,060

783,348

The hire purchase contracts are secured over the assets to which they relate.

Factoring debt included in other creditors are secured against assets to which they relate.

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are unsecured.

7.	RELATED PARTY DISCLOSURES

At the balance sheet date the LLP was owed the aggregate amount of £51,864 (2023 : £649,398) by companies under common control.