REGISTERED NUMBER: OC377896 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SM Jones Engineering LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S M Jones

Mrs K R Jones

REGISTERED OFFICE:

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

REGISTERED NUMBER:

OC377896 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Tangible assets

4

194,439

145,233

CURRENT ASSETS

Stocks

749

324

Debtors

5

78,091

84,751

Cash at bank

67,832

72,449

146,672

157,524

CREDITORS

Amounts falling due within one year

6

28,934

30,403

NET CURRENT ASSETS

117,738

127,121

TOTAL ASSETS LESS CURRENT LIABILITIES

312,177

272,354

CREDITORS

Amounts falling due after more than one year

7

83,209

43,756

NET ASSETS ATTRIBUTABLE TO MEMBERS

228,968

228,598

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

228,968

228,598

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

228,968

228,598

Amounts due from members

5

(67,673

)

(44,825

)

161,295

183,773

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 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 15 October 2025 and were signed by:

Mrs K R Jones - Designated member

1.	STATUTORY INFORMATION

SM Jones Engineering 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.

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.

Plant and machinery etc

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

265,694

Additions

204,151

Disposals

(232,034

)

At 31 March 2025

237,811

DEPRECIATION

At 1 April 2024

120,461

Charge for year

22,455

Eliminated on disposal

(99,544

)

At 31 March 2025

43,372

NET BOOK VALUE

At 31 March 2025

194,439

At 31 March 2024

145,233

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

Plant and

machinery

etc

£

COST

At 1 April 2024

89,790

Additions

201,901

Disposals

(89,790

)

At 31 March 2025

201,901

DEPRECIATION

At 1 April 2024

15,713

Charge for year

14,819

Eliminated on disposal

(20,951

)

At 31 March 2025

9,581

NET BOOK VALUE

At 31 March 2025

192,320

At 31 March 2024

74,077

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

7,800

35,583

Other debtors

70,291

49,168

78,091

84,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

21,925

7,906

Trade creditors

4,577

19,894

Taxation and social security

432

603

Other creditors

2,000

2,000

28,934

30,403

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

83,209

43,756

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members only take drawings where cash is available and other creditors are not adversely affected.

9.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by the members.