ACCOUNTS - Final Accounts preparation

Company registration number: OC431834

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	SX SUPPLIES LLP


SX SUPPLIES LLP REGISTERED NUMBER:OC431834

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,314		8,330
			4,314		8,330
Current assets
Stocks		750		1,400
Debtors: amounts falling due within one year	5	45,958		40,939
Bank and cash balances		16,238		6,908
		62,946		49,247
Creditors: Amounts Falling Due Within One Year	6	(54,404)		(38,171)
Net current assets			8,542		11,076
Total assets less current liabilities			12,856		19,406

Net assets			12,856		19,406

Represented by:
Loans and other debts due to members within one year
Members' other interests
Members' capital classified as equity	12,856		19,406
		12,856		19,406
		12,856		19,406

Total members' interests
Members' other interests	12,856	19,405
	12,856	19,405

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SX SUPPLIES LLP REGISTERED NUMBER:OC431834

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the profit and loss account in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by:

___________________________

Mr K Tyzack

Designated member

Date: 2 December 2025

The notes on pages 3 to 5 form part of these financial statements.

SX Supplies LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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SX SUPPLIES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

SX Supplies 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the LLP has transferred the significant risks and rewards of ownership to the buyer;

∙the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the LLP will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

				Motor vehicles	-	20%	straight line
				Office equipment	-	20%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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SX SUPPLIES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Stocks

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

Employees

The average monthly number of persons (including members with contracts of employment) employed during the year was as follows:

	2025	2024
	No.	No.

Employees	2	2

4.	Tangible fixed assets

	Motor vehicles	Office equipment	Total
	£	£	£
Cost or valuation
At 1 April 2024	17,981	2,099	20,080
At 31 March 2025	17,981	2,099	20,080
Depreciation
At 1 April 2024	10,788	962	11,750
Charge for the year on owned assets	3,596	420	4,016
At 31 March 2025	14,384	1,382	15,766
Net book value
At 31 March 2025	3,597	717	4,314
At 31 March 2024	7,193	1,137	8,330

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SX SUPPLIES LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	45,958	40,939
	45,958	40,939

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	43,614	31,138
Amounts owed to connected undertakings	2,780	-
Other taxation and social security	3,564	679
Other creditors	3,196	5,354
Accruals and deferred income	1,250	1,000
	54,404	38,171

7.	Related party transactions
	Included within creditors amounts falling due within one year is an amount of £2,780 (2024: NIL) due to a connected undertaking. This amount is free of interest.

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