Liddle & Anderson Limited Liability Partnership

Registered number

SO306414

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