Registered number
SO306414
Liddle & Anderson Limited Liability Partnership
Unaudited Filleted Accounts
31 March 2025

Liddle & Anderson Limited Liability Partnership
Registered number: | SO306414
Balance Sheet
as at 31 March 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  | 18,708 |  | 25,769
Current assets |  |  |  |  |
Stocks |  |  | 180,000 |  | 83,250
Debtors | 5 |  | 94,704 |  | 77,048
Cash at bank and in hand |  |  | 4,165,100 |  | 2,951,041
|  |  | 4,439,804 |  | 3,111,339
Creditors: amounts falling due within one year | 6 |  | (4,160,861) |  | (2,946,298)
Net current assets |  |  | 278,943 |  | 165,041
Total assets less current liabilities |  |  | 297,651 |  | 190,810
Net assets attributable to members | 297,651 |  | 190,810
Represented by:
Loans and other debts due to members |  |  | (118,838) |  | (91,681)
Members' other interests
Other reserves |  |  | 416,489 |  | 282,491
|  |  | 297,651 |  | 190,810
Total members' interests
Loans and other debts due to members |  |  | (118,838) |  | (91,681)
Members' other interests |  |  | 416,489 |  | 282,491
|  |  | 297,651 |  | 190,810
For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 5 November 2025 and signed on their behalf by:
William MacRae
Designated member

Liddle & Anderson Limited Liability Partnership
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| The principal accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied in the current and preceding financial year, unless otherwise stated.
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. The financial statements are prepared in Sterling which is the functional currency of the LLP.
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
| Division of profits
| Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
| Taxation
| Taxation is not provided for in the accounts as taxation is the personal liability of the members.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures and fittings | 25% reducing balance
| Office equipment | 33% straight line
| Motor vehicles | 25% reducing balance
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
| Impairment of fixed assets
| At each balance sheet date, the LLP reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is immediately recognised in profit or loss. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in profit or loss.
| Stocks and Work in Progress
| Stocks and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as activity progresses.
| Financial instruments
| Basic financial instruments, including trade and other debtors, trade and other payables and cash and bank balances are initially recognised at transaction price and are subsequently measured at amortised cost using the effective interest method less any impairment.
| Impairment of financial assets
| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. 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 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 been previously recognised. The impairment reversal is recognised in profit or loss.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Leased assets
| Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Judgements and key sources of estimation uncertainty
| In the application of the LLP's accounting policies, the members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 15 |  | 13
4 | Tangible fixed assets
|  |  |  | Furniture and equipment |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 April 2024 | 26,955 |  | 46,990 |  | 73,945
| Additions | 2,768 |  | - |  | 2,768
| At 31 March 2025 | 29,723 |  | 46,990 |  | 76,713
| Depreciation
| At 1 April 2024 | 19,358 |  | 28,818 |  | 48,176
| Charge for the year | 5,286 |  | 4,543 |  | 9,829
| At 31 March 2025 | 24,644 |  | 33,361 |  | 58,005
| Net book value
| At 31 March 2025 | 5,079 |  | 13,629 |  | 18,708
| At 31 March 2024 | 7,597 |  | 18,172 |  | 25,769
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 46,700 |  | 30,870
| Other debtors | 48,004 |  | 46,178
|  |  |  |  |  | 94,704 |  | 77,048
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 3,551 |  | 2,894
| Other taxes and social security costs | 53,233 |  | 47,809
| Other creditors | 4,104,077 |  | 2,895,595
|  |  |  |  |  | 4,160,861 |  | 2,946,298
7 | Other financial commitments
| The LLP had the following future minimum lease payments under non-cancellable operating leases
| for each of the following periods:
| Payment due | 2025 |  | 2024
£ | £
| Not later than one year | 17,000 |  | 17,000
| Later than one year and not later than five years | 46,750 |  | 85,000
| Later than five years | - |  | -
|  |  | 51,000 |  | 63,750
8 | Other information
| Liddle & Anderson Limited Liability Partnership is a limited liability partnership incorporated in Scotland. Its registered office is:
| 2 Market Street
| Bo'ness
| EH51 9AD

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