Limited Liability Partnership registration number OC374766 (England and Wales)
BANBURY BODYSHOP SUPPLIES LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
BANBURY BODYSHOP SUPPLIES LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr R Cox
Banbury Bodyshop Services Limited
LLP registration number
OC374766
Registered office
Unit 1
Lower Cherwell Street
Banbury
Oxfordshire
England
OX16 5AY
Accountants
Xeinadin
Moreton House
31 High Street
Buckingham
Buckinghamshire
UK
MK18 1NU
BANBURY BODYSHOP SUPPLIES LLP
CONTENTS
Page
Statement of financial position
1
Reconciliation of members' interests
2 - 3
Notes to the financial statements
4 - 6
BANBURY BODYSHOP SUPPLIES LLP
STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,886
28,608
Current assets
Stocks
35,100
35,100
Debtors
4
20,404
19,148
55,504
54,248
Creditors: amounts falling due within one year
5
(186,945)
(173,887)
Net current liabilities
(131,441)
(119,639)
Total assets less current liabilities and net liabilities attributable to members
(108,555)
(91,031)
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability
1,000
1,000
Amounts due in respect of profits
(16,324)
(5,453)
Other amounts
(93,231)
(86,578)
(108,555)
(91,031)

For the financial year ended 30 April 2025 the limited liability partnership 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 limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the income statement within the financial statements.

The financial statements were approved by the members and authorised for issue on 30 September 2025 and are signed on their behalf by:
30 September 2025
Mr R Cox
Designated member
Limited Liability Partnership registration number OC374766 (England and Wales)
BANBURY BODYSHOP SUPPLIES LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
Current financial year
DEBT
TOTAL
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other amounts
Total
Total
2025
£
£
£
Members' interests at 1 May 2024
1,000
(92,031)
(91,031)
(91,031)
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
-
(16,324)
(16,324)
(16,324)
Result for the financial year available for discretionary division among members
-
-
-
-
Members' interests after loss and remuneration for the year
1,000
(108,355)
(107,355)
(107,355)
-
(1,200)
(1,200)
(1,200)
Members' interests at 30 April 2025
1,000
(109,555)
(108,555)
(108,555)
BANBURY BODYSHOP SUPPLIES LLP
RECONCILIATION OF MEMBERS' INTERESTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
Prior financial year
DEBT
TOTAL
Loans and other debts due to members less any amounts due from members in debtors
MEMBERS'
INTERESTS
Members' capital
Other amounts
Total
Total
2024
£
£
£
Members' interests at 1 May 2023
1,000
(86,578)
(85,578)
(85,578)
Members' remuneration charged as an expense, including employment costs and retirement benefit costs
-
(5,453)
(5,453)
(5,453)
Result for the financial year available for discretionary division among members
-
-
-
-
Members' interests after loss and remuneration for the year
1,000
(92,031)
(91,031)
(91,031)
Members' interests at 30 April 2024
1,000
(92,031)
(91,031)
(91,031)
BANBURY BODYSHOP SUPPLIES LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Limited liability partnership information

Banbury Bodyshop Supplies LLP is a limited liability partnership incorporated in England and Wales. The registered office is Unit 1, Lower Cherwell Street, Banbury, Oxfordshire, England, OX16 5AY.

1.1
Basis of preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Reducing balance
Computers
20% Reducing balance
Motor vehicles
20% Reducing balance
1.4
Financial instruments
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

BANBURY BODYSHOP SUPPLIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.5
Retirement benefits and post retirement payments to members

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
1
1
BANBURY BODYSHOP SUPPLIES LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2024 and 30 April 2025
5,804
650
43,990
50,444
Depreciation and impairment
At 1 May 2024
5,156
130
16,550
21,836
Depreciation charged in the year
130
104
5,488
5,722
At 30 April 2025
5,286
234
22,038
27,558
Carrying amount
At 30 April 2025
518
416
21,952
22,886
At 30 April 2024
648
520
27,440
28,608
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
10,728
9,844
Other debtors
9,676
9,304
20,404
19,148
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
7,950
3,837
Obligations under finance leases
26,183
30,415
Trade creditors
4,010
4,137
Other taxation and social security
1,975
1,670
Other creditors
146,027
133,028
Accruals and deferred income
800
800
186,945
173,887
6
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

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