REGISTERED NUMBER: OC442367 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Somerset Accountancy LLP

Page

Report of the Members

1

Income Statement

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr B D Evans

Mrs B M Evans

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £169,559 (2024 - £152,172 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mr B D Evans - Designated member

14 October 2025

TURNOVER

346,690

339,834

Cost of sales

173,072

177,767

GROSS PROFIT

173,618

162,067

Distribution costs

2,064

6,793

Administrative expenses

2,278

3,102

4,342

9,895

OPERATING PROFIT

169,276

152,172

Interest receivable and similar income

283

-

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

169,559

152,172

CURRENT ASSETS

Debtors

53,612

49,202

Cash at bank

7,382

18,447

60,994

67,649

CREDITORS

Amounts falling due within one year

8,360

3,745

NET CURRENT ASSETS

52,634

63,904

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

52,634

63,904

LOANS AND OTHER DEBTS DUE TO MEMBERS

4

52,634

63,904

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

4

52,634

63,904

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 March 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 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 Balance Sheet for the year ended 31 March 2025 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.

The financial statements were approved by the members of the LLP and authorised for issue on 14 October 2025 and were signed by:

Mr B D Evans - Designated member

1.	STATUTORY INFORMATION

Somerset Accountancy LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC442367

Registered office:

22 Wessex Park

Bancombe Road

Bancombe Business Estate

Somerton

TA11 6SB

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.

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.

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.

3.	EMPLOYEE INFORMATION

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

4.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

1,120

23,061

Taxation provision accounts

51,514

40,843

52,634

63,904

Falling due within one year

52,634

63,904

Amounts due to members rank as unsecured creditors.