REGISTERED NUMBER: OC351110 (England and Wales)

POWELL WILLIAMS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

M D Hunt

D J Ward

REGISTERED OFFICE:

18 Crucifix Lane

London

SE1 3JW

REGISTERED NUMBER:

OC351110 (England and Wales)

ACCOUNTANTS:

Murray Smith LLP

Chartered Accountants

Darland House

44 Winnington Hill

Northwich

Cheshire

CW8 1AU

FIXED ASSETS

Intangible assets

4

157,238

196,548

Tangible assets

5

64,357

80,536

221,595

277,084

CURRENT ASSETS

Debtors

6

1,037,022

767,371

Cash at bank

193,628

416,057

1,230,650

1,183,428

CREDITORS

Amounts falling due within one year

7

558,909

569,858

NET CURRENT ASSETS

671,741

613,570

TOTAL ASSETS LESS CURRENT LIABILITIES

893,336

890,654

CREDITORS

Amounts falling due after more than one year

8

1,360

128,585

NET ASSETS ATTRIBUTABLE TO MEMBERS

891,976

762,069

LOANS AND OTHER DEBTS DUE TO MEMBERS

11

561,975

456,068

MEMBERS' OTHER INTERESTS

Capital accounts

330,001

306,001

891,976

762,069

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

11

561,975

456,068

Members' other interests

330,001

306,001

891,976

762,069

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 30 June 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.

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 1 October 2025 and were signed by:

M D Hunt - Designated member

D J Ward - Designated member

1.	STATUTORY INFORMATION

Powell Williams 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.

Significant judgements and estimates

The LLP continually reviews its approach to estimations and judgements within the financial statements with a view to mitigate material misstatements. Historical experience along with other factors are used to create prudent accounting policies. Combining these policies with informed forecasts of the LLP's future, enables fair and consistent assumptions and estimates to be concluded.

Significant provisions are monitored by management and best estimates are maintained in accordance with any legal or contractual requirements.

Turnover

Turnover represents the net value of services provided, excluding value added tax.

Goodwill

Goodwill represents the value of goodwill transferred into the Limited Liability Partnership by the Founding Members less amortisation and any impairment.

It is being amortised over a period of 8 years from 1 July 2021.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of the business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the LLP will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the LLP does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 21 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

314,478

AMORTISATION

At 1 July 2024

117,930

Charge for year

39,310

At 30 June 2025

157,240

NET BOOK VALUE

At 30 June 2025

157,238

At 30 June 2024

196,548

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

99,269

23,800

326,405

449,474

Additions

-

-

3,049

3,049

At 30 June 2025

99,269

23,800

329,454

452,523

DEPRECIATION

At 1 July 2024

87,283

22,974

258,681

368,938

Charge for year

1,796

207

17,225

19,228

At 30 June 2025

89,079

23,181

275,906

388,166

NET BOOK VALUE

At 30 June 2025

10,190

619

53,548

64,357

At 30 June 2024

11,986

826

67,724

80,536

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

875,901

618,284

Other debtors

19,900

-

Prepayments

26,740

37,525

Amounts recoverable on

contracts

114,481

111,562

1,037,022

767,371

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loan

10,000

34,969

Other loans

-

4,682

Trade creditors

47,572

71,437

Social security and other taxes

182,899

166,722

Other creditors

121,033

133,876

Accrued expenses

197,405

158,172

558,909

569,858

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans

1,360

11,585

Other creditors

-

117,000

1,360

128,585

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

41,635

55,620

Between one and five years

52,319

-

93,954

55,620

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

11,360

24,969

11.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2025

2024

£

£

Amounts owed to members in respect of profits

561,975

456,068

Falling due within one year

561,975

456,068

Loans and other debts due to members are payable after all other creditors.