IRIS Accounts Production v25.3.0.601 OC335773 designated member 1.4.24 31.3.25 31.3.25 true false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC335773 2024-03-31 OC335773 2025-03-31 OC335773 2024-04-01 2025-03-31 OC335773 2023-03-31 OC335773 2023-04-01 2024-03-31 OC335773 2024-03-31 OC335773 ns15:EnglandWales 2024-04-01 2025-03-31 OC335773 ns14:PoundSterling 2024-04-01 2025-03-31 OC335773 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC335773 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC335773 ns10:SmallEntities 2024-04-01 2025-03-31 OC335773 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC335773 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC335773 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC335773 ns10:FullAccounts 2024-04-01 2025-03-31 OC335773 1 2024-04-01 2025-03-31 OC335773 ns10:PartnerLLP3 2024-04-01 2025-03-31 OC335773 ns10:PartnerLLP5 2024-04-01 2025-03-31 OC335773 ns10:PartnerLLP6 2024-04-01 2025-03-31 OC335773 ns10:PartnerLLP7 2024-04-01 2025-03-31 OC335773 ns10:PartnerLLP8 2024-04-01 2025-03-31 OC335773 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC335773 ns5:CurrentFinancialInstruments 2025-03-31 OC335773 ns5:CurrentFinancialInstruments 2024-03-31 OC335773 ns5:Non-currentFinancialInstruments 2025-03-31 OC335773 ns5:Non-currentFinancialInstruments 2024-03-31 OC335773 ns5:NetGoodwill 2024-04-01 2025-03-31 OC335773 ns5:NetGoodwill 2024-03-31 OC335773 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 OC335773 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 OC335773 ns5:NetGoodwill 2025-03-31 OC335773 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 OC335773 ns5:NetGoodwill 2024-03-31 OC335773 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 OC335773 ns5:PlantMachinery 2024-03-31 OC335773 ns5:PlantMachinery 2024-04-01 2025-03-31 OC335773 ns5:PlantMachinery 2025-03-31 OC335773 ns5:PlantMachinery 2024-03-31 OC335773 ns5:CostValuation 2024-03-31 OC335773 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 OC335773 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 OC335773 ns5:WithinOneYear 2025-03-31 OC335773 ns5:WithinOneYear 2024-03-31 OC335773 ns5:BetweenOneFiveYears 2025-03-31 OC335773 ns5:BetweenOneFiveYears 2024-03-31 OC335773 ns5:AllPeriods 2025-03-31 OC335773 ns5:AllPeriods 2024-03-31 OC335773 ns5:Secured 2025-03-31 OC335773 ns5:Secured 2024-03-31

REGISTERED NUMBER: OC335773 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| Bagshaws LLP |

| Bagshaws LLP (Registered number: OC335773) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Bagshaws LLP |

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | M Elliott

| E D Lawley

| C M Baggott

| I O Lowe

| R D R Clark

| P S Hulland

| REGISTERED OFFICE: | 69 Derby Road

| Uttoxeter

| Staffordshire

| ST14 8EB

| REGISTERED NUMBER: | OC335773 (England and Wales)

| ACCOUNTANTS: | Bourne & Co

| Chartered Accountants

| 6 Lichfield Street

| Burton-on-Trent

| Staffordshire

| DE14 3RD

| Bagshaws LLP (Registered number: OC335773) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 9,257 |  | 45,319 |  |

Tangible assets | 5 | 222,546 |  | 255,452 |  |

Investments | 6 | 25,000 |  | 25,000 |  |

256,803 |  | 325,771 |  |

CURRENT ASSETS

Work in progress | 213,069 |  | 179,261 |  |

Debtors | 7 | 5,619,806 |  | 4,573,492 |  |

Cash in hand | 14,617 |  | 17,205 |  |

5,847,492 |  | 4,769,958 |  |

CREDITORS

Amounts falling due within one year | 8 | 3,233,850 |  | 2,308,231 |  |

NET CURRENT ASSETS | 2,613,642 |  | 2,461,727 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,870,445 |  | 2,787,498 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 110,000 |  | 110,000 |  |

NET ASSETS ATTRIBUTABLE TO MEMBERS | 2,760,445 |  | 2,677,498 |  |

| Bagshaws LLP (Registered number: OC335773) |

Balance Sheet - continued

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 12 | 2,191,803 |  | 2,108,856 |  |

MEMBERS' OTHER INTERESTS

Capital accounts | 568,642 |  | 568,642 |  |

2,760,445 |  | 2,677,498 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 12 | 2,191,803 |  | 2,108,856 |  |

Members' other interests | 568,642 |  | 568,642 |  |

2,760,445 |  | 2,677,498 |  |

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 18 November 2025 and were signed by:

E D Lawley - Designated member

| Bagshaws LLP (Registered number: OC335773) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Bagshaws 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Bagshaws LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

| The LLP recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the LLP's activities.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of two businesses in 2016 and a further acquisition in 2019, is being amortised evenly over the estimated useful life, one over five years, the other over six years.

| Tangible fixed assets

| Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings |  | - |  | 15% reducing balance |  |

| Motor vehicles |  | - |  | 25% reducing balance |  |

| Computer equipment |  | - |  | 20% straight line |  |

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost less permanent diminution in value.

| Stocks and work in progress

| Work in progress is valued at the lower of cost and net realisable value.

| Bagshaws LLP (Registered number: OC335773) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pensions

| The LLP operates two defined contribution pension schemes. Contributions payable for the period are charged in the profit and loss account.

| Debtors and creditors

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 76 (2024 - 79 ) .

4. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 270,762 |  | 20,567 |  | 291,329 |  |

| AMORTISATION

| At 1 April 2024 | 236,242 |  | 9,768 |  | 246,010 |  |

| Charge for year | 34,520 |  | 1,542 |  | 36,062 |  |

| At 31 March 2025 | 270,762 |  | 11,310 |  | 282,072 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | 9,257 |  | 9,257 |  |

| At 31 March 2024 | 34,520 |  | 10,799 |  | 45,319 |  |

| Bagshaws LLP (Registered number: OC335773) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 599,706 |  |

| Additions | 44,609 |  |

| Disposals | (124,151 | ) |

| At 31 March 2025 | 520,164 |  |

| DEPRECIATION

| At 1 April 2024 | 344,254 |  |

| Charge for year | 51,571 |  |

| Eliminated on disposal | (98,207 | ) |

| At 31 March 2025 | 297,618 |  |

| NET BOOK VALUE

| At 31 March 2025 | 222,546 |  |

| At 31 March 2024 | 255,452 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 25,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 25,000 |  |

| At 31 March 2024 | 25,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 5,291,482 |  | 4,291,852 |  |

| Other debtors | 217,553 |  | 163,700 |  |

| Prepayments | 110,771 |  | 117,940 |  |

5,619,806 |  | 4,573,492 |  |

| Bagshaws LLP (Registered number: OC335773) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 951,279 |  | 1,367,671 |  |

| Trade creditors | 69,060 |  | 58,752 |  |

| Taxation and social security | 273,955 |  | 230,172 |  |

| Other creditors | 1,939,556 |  | 651,636 |  |

3,233,850 |  | 2,308,231 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 110,000 |  | 110,000 |  |

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 111,199 |  | 126,890 |  |

| Between one and five years | 108,544 |  | 107,025 |  |

219,743 |  | 233,915 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank overdrafts | 951,279 |  | 1,367,671 |  |

| The bank overdraft is secured by fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

| Bagshaws LLP (Registered number: OC335773) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

12. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| 31.3.25 |  | 31.3.24

£ | £ |

| Loans from members | 4,898 |  | 11,599 |  |

| Amounts owed to members in respect of profits | 1,942,737 |  | 1,881,087 |  |

| Taxation provision accounts | 244,168 |  | 216,170 |  |

2,191,803 |  | 2,108,856 |  |

| Falling due within one year | 2,191,803 |  | 2,108,856 |  |

| In the event of a winding up, the loans and debts due to members have no priority over other creditors.