P&P SERVICES (UK) LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC341621

P&P SERVICES (UK) LLP

Filleted Unaudited Financial Statements

5 April 2025

P&P SERVICES (UK) LLP

Statement of Financial Position

5 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		40,647		18,358

Current assets

Stocks		3,432	4,521
Debtors	6	67,716	101,918
Cash at bank and in hand		10,044	9,038
		--------	---------
		81,192	115,477

Creditors: amounts falling due within one year	7	68,163		86,708
		--------		---------
Net current assets			13,029		28,769
			--------		--------
Total assets less current liabilities			53,676		47,127

Creditors: amounts falling due after more than one year	8	3,354	7,930
		--------	--------
Net assets		50,322	39,197
		--------	--------

Represented by:

Loans and other debts due to members

Other amounts	9	50,322	39,197
		--------	--------

Members' other interests

Other reserves	–	–
	--------	--------
	50,322	39,197
	--------	--------

Total members' interests

Amounts due from members		–	(18,773)
Loans and other debts due to members	9	50,322	39,197
Members' other interests		–	–
		--------	--------
		50,322	20,424
		--------	--------

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 statement of comprehensive income has not been delivered.

P&P SERVICES (UK) LLP

Statement of Financial Position (continued)

5 April 2025

For the year ending 5th April 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 5 November 2025 , and are signed on their behalf by:

P Cunliffe

Designated Member

Registered number: OC341621

P&P SERVICES (UK) LLP

Notes to the Financial Statements

Year ended 5th April 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Unit 3a Maiden Mews, 9 Worsley Road, Swinton, Manchester, M27 5WN.

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

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 statement of comprehensive income 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 statement of comprehensive income 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 statement of comprehensive income 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'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Motor vehicles	-	25% reducing balance
Equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 3 (2024: 3 ).

5.	Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 6th April 2024	85,749	1,500	87,249
Additions	33,445	–	33,445
Disposals	( 34,699)	–	( 34,699)
	--------	-------	--------
At 5th April 2025	84,495	1,500	85,995
	--------	-------	--------
Depreciation
At 6th April 2024	67,466	1,425	68,891
Charge for the year	6,561	15	6,576
Disposals	( 30,119)	–	( 30,119)
	--------	-------	--------
At 5th April 2025	43,908	1,440	45,348
	--------	-------	--------
Carrying amount
At 5th April 2025	40,587	60	40,647
	--------	-------	--------
At 5th April 2024	18,283	75	18,358
	--------	-------	--------

6.	Debtors

	2025	2024
	£	£
Trade debtors	67,368	82,646
Other debtors	348	19,272
	--------	---------
	67,716	101,918
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,067	5,073
Trade creditors	52,538	71,516
Social security and other taxes	7,833	7,394
Other creditors	2,725	2,725
	--------	--------
	68,163	86,708
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,354	7,930
	-------	-------

9.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	50,322	39,197
	--------	--------