Carroll & Williams LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC303145

Carroll & Williams LLP

Unaudited Financial Statements

31 December 2024

Carroll & Williams LLP

Members' Report

Year ended 31 December 2024

The members present their report and the unaudited financial statements of the LLP for the year ended 31 December 2024 .

Principal activities

The principal activity of the company during the year was that of structural engineers.

Designated members

The designated members who served the LLP during the year were as follows:

Mr C J Ward
Mr A W Morris

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

New members are required to subscribe a minimum level of capital and in subsequent years members are invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

This report was approved by the members on 25 September 2025 and signed on behalf of the members by:

Mr C J Ward	Mr A W Morris
Designated Member	Designated Member

Registered office:

25 Sandford Avenue

Shrewsbury

Shropshire

SY1 3BE

Carroll & Williams LLP

Chartered Accountants Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of Carroll & Williams LLP

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Carroll & Williams LLP for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the LLP's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the members of Carroll & Williams LLP, as a body, in accordance with the terms of our engagement letter dated 23 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Carroll & Williams LLP and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Carroll & Williams LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Carroll & Williams LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Carroll & Williams LLP. You consider that Carroll & Williams LLP is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Carroll & Williams LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEYWOODS Chartered Accountants

Countrywide House Knights Way Battlefield Enterprise Park Shrewsbury Shropshire SY1 3AB

25 September 2025

Carroll & Williams LLP

Statement of Income and Retained Earnings

Year ended 31 December 2024

		2024	2023
Note		£	£
Turnover	4	53,204	68,581

Cost of sales	152	166
	--------	--------
Gross profit	53,052	68,415

Administrative expenses		85,816	85,322
		--------	--------
Operating loss	6	( 32,764)	( 16,907)

Other interest receivable and similar income	7	7	( 964)
		--------	--------
Loss for the financial year before members' remuneration and profit shares available for discretionary division among members		(32,757)	(17,871)
		--------	--------

All the activities of the LLP are from continuing operations.

Carroll & Williams LLP

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	8	5,640	11,048

Current assets

Work in progress	9	89,500	83,735
Debtors	10	26,301	13,986
Cash at bank and in hand		80	41
		---------	--------
		115,881	97,762

Creditors: amounts falling due within one year	11	43,560	67,726
		---------	--------
Net current assets		72,321	30,036
		--------	--------
Total assets less current liabilities		77,961	41,084
		--------	--------
Net assets		77,961	41,084
		--------	--------

Represented by:

Loans and other debts due to members

Other amounts	12	77,961	41,084
		--------	--------

Members' other interests

Other reserves, including the fair value reserve	–	–
	--------	--------
	77,961	41,084
	--------	--------

Total members' interests

Amounts due from members		(17,460)	–
Loans and other debts due to members	12	77,961	41,084
Members' other interests		–	–
		--------	--------
		60,501	41,084
		--------	--------

For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

Carroll & Williams LLP

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the members and authorised for issue on 25 September 2025 , and are signed on their behalf by:

Mr C J Ward	Mr A W Morris
Designated Member	Designated Member

Registered number: OC303145

Carroll & Williams LLP

Notes to the Financial Statements

Year ended 31 December 2024

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 25 Sandford Avenue, Shrewsbury, Shropshire, SY1 3BE.

2.	Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: a) No cash flow statement has been presented for the LLP. b) Disclosures in respect of financial instruments have not been presented. c) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of income and retained earnings in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of income and retained earnings and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of income and retained earnings within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold properties	-	12 years straight line
Plant and machinery	-	20% reducing balance
Fixtures, fittings and equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

Work in progress

Work in progress is measured at the lower of cost and estimated selling price.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4.	Turnover

Turnover arises from:

	2024	2023
	£	£
Rendering of services	53,204	68,581
	--------	--------

The whole of the turnover is attributable to the principal activity of the LLP wholly undertaken in the United Kingdom.

5.	Staff costs

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to:

	2024	2023
	No.	No.
Administrative	2	2
	----	----

The aggregate employment costs incurred during the year (excluding members) were:

	2024	2023
	£	£
Wages and salaries	26,610	25,625
	--------	--------

6.	Operating loss

Operating profit or loss is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	5,408	5,478
Impairment of trade debtors	1,965	2,385
	-------	-------

7.	Other interest receivable and similar income

	2024	2023
	£	£
Interest on cash and cash equivalents	7	14
Other interest receivable and similar income	–	( 978)
	----	----
	7	( 964)
	----	----

8.	Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2024 and 31 December 2024	61,610	12,336	13,961	87,907
	--------	--------	--------	--------
Depreciation
At 1 January 2024	51,932	11,754	13,173	76,859
Charge for the year	5,134	117	157	5,408
	--------	--------	--------	--------
At 31 December 2024	57,066	11,871	13,330	82,267
	--------	--------	--------	--------
Carrying amount
At 31 December 2024	4,544	465	631	5,640
	--------	--------	--------	--------
At 31 December 2023	9,678	582	788	11,048
	--------	--------	--------	--------

9.	Work in progress

	2024	2023
	£	£
Work in progress	89,500	83,735
	--------	--------

Work in progress

10.	Debtors

	2024	2023
	£	£
Trade debtors	1,845	6,798
Prepayments and accrued income	6,996	7,188
Amounts due from members	17,460	–
	--------	--------
	26,301	13,986
	--------	--------

11. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	18,296	20,952
Trade creditors	17,663	8,404
Accruals and deferred income	6,498	15,290
Social security and other taxes	1,103	2,539
Other creditors	–	20,541
	--------	--------
	43,560	67,726
	--------	--------

12.	Loans and other debts due to members

	2024	2023
	£	£
Amounts owed to members in respect of profits	77,961	41,084
	--------	--------