Moxon & Barker LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC367881

Moxon & Barker LLP

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Moxon & Barker LLP

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		13,477		11,046

Current assets

Debtors	7	237,806	204,985
Cash at bank and in hand		119,311	84,773
		----------	----------
		357,117	289,758

Creditors: amounts falling due within one year	8	74,665		83,470
		----------		----------
Net current assets			282,452		206,288
			----------		----------
Total assets less current liabilities			295,929		217,334
			----------		----------
Net assets			295,929		217,334
			----------		----------

Represented by:

Loans and other debts due to members

Other amounts		–		–

Members' other interests

Other reserves	295,929	217,334
	----------	----------
	295,929	217,334
	----------	----------

Total members' interests

Amounts due from members	(183,866)	(135,226)
Loans and other debts due to members	–	–
Members' other interests	295,929	217,334
	----------	----------
	112,063	82,108
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the income statement has not been delivered.

Moxon & Barker LLP

Statement of Financial Position (continued)

31 March 2025

For the year ending 31 March 2025 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 were approved by the members and authorised for issue on 11 September 2025 , and are signed on their behalf by:

Mrs. A.Y. Firoz	Miss. N. Atkin
Designated Member	Designated Member

Registered number: OC367881

Moxon & Barker LLP

Notes to the Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is 7-9 Cornmarket, Pontefract, West Yorkshire, WF8 1AN.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A 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' issued in December 2021 (SORP 2021).

3.	Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Taxation

The taxation of the LLP's profits is the personal liability of the members during the year and consequently neither taxation nor related deferred tax are accounted for in the financial statements.

(d) Revenue recognition

Turnover represents net invoiced sales of services,excluding value added tax. except in respect of service contracts where turnover is recognised when the LLP obtains the right to consideration. Where the outcome of a transaction can be estimated reliably, revenue associated with the transaction is recognised in the income statement by reference to the stage of completion at the statement of financial position date, provided that a right to consideration has been obtained through performance. Consideration accrues as contract activity progresses by reference to the value of the work performed. Hence revenue in respect of service contracts represents the cost appropriate to the stage of of completion of each contract plus attributable profits, less amounts recognised in previous years, where relevant. Unbilled revenue is included in debtors as Amounts recoverable on contracts.

(e) 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 income statement 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 income statement 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 income statement 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'.

(f) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	over 10 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(g) Tangible assets

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

(h) 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:

Office Furniture & Equipment	-	25% reducing balance
Computer Equipment	-	25% reducing balance

(i) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 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. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

(j) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 8 (2024: 8 ).

5.	Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	30,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	30,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6.	Tangible assets

	Leasehold property improvements	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	–	28,257	108,573	136,830
Additions	4,000	1,436	154	5,590
	-------	--------	----------	----------
At 31 March 2025	4,000	29,693	108,727	142,420
	-------	--------	----------	----------
Depreciation
At 1 April 2024	–	27,443	98,341	125,784
Charge for the year	–	563	2,596	3,159
	-------	--------	----------	----------
At 31 March 2025	–	28,006	100,937	128,943
	-------	--------	----------	----------
Carrying amount
At 31 March 2025	4,000	1,687	7,790	13,477
	-------	--------	----------	----------
At 31 March 2024	–	814	10,232	11,046
	-------	--------	----------	----------

7.	Debtors

	2025	2024
	£	£
Trade debtors	25,418	40,465
Other debtors	212,388	164,520
	----------	----------
	237,806	204,985
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	30,822	22,624
Partners tax liability	35,050	20,330
Other creditors	8,793	40,516
	--------	--------
	74,665	83,470
	--------	--------

9.	Related party transactions

In the opinion of the members the controlling party of the LLP are its designated members Mrs A Y Firoz and Miss N Atkin .

10.	Transactions with members

In the event of a winding up, capital loans and other debts due to members rank behind creditors, in accordance with the members' agreement.