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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Scientification LLP a limited liabilty partnership incorporated in England and Wales, with its registered office is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The LLP was incorporated on 7 February 2024 and commenced trading on 22 April 2024
The principal object of the LLP is to provide editorial consultancy.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.
The following principal accounting policies have been applied:
Turnover comprises revenue recognised by the partnership in respect of services supplied during the
period, exclusive of Value Added Tax and trade discounts.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty.
Short term creditors are measured at the transaction price.
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The entity has no employees.
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