Sell a Vend LLP - LLP accounts 24.3

REGISTERED NUMBER: OC388747 (England and Wales)

SELL A VEND LLP

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

General Information

1

Report of the Members

2

Statement of Comprehensive Income

3

Abridged Balance Sheet

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

B Simpson

A M Simpson

R Simpson

REGISTERED OFFICE:

Tower Works

Clifton Road

BLACKPOOL

Lancashire

FY4 4QA

REGISTERED NUMBER:

OC388747 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

The members present their report with the financial statements of the LLP for the year ended 31 December 2024.

CESSATION OF TRADING

The LLP ceased trading on 20 October 2024 and the business was transferred to Sell A Vend Trading Limited.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of vending machine sales.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs I Simpson (to 20.10.24)

B Simpson

A M Simpson

R Simpson

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £329,498 (2023 - £443,282 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

R Simpson - Designated member

10 December 2025

TURNOVER

1,791,585

2,028,843

Cost of sales

1,072,241

1,084,646

GROSS PROFIT

719,344

944,197

Administrative expenses

398,752

504,590

320,592

439,607

Other operating income

16,292

14,102

OPERATING PROFIT

4

336,884

453,709

Interest payable and similar
expenses

7,386

10,427

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

329,498

443,282

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

329,498

443,282

FIXED ASSETS

Intangible assets

5

-

19,457

Tangible assets

6

-

381,941

-

401,398

CURRENT ASSETS

Stocks

-

125,854

Debtors

868,083

566,069

Cash at bank and in hand

-

153,630

868,083

845,553

CREDITORS

Amounts falling due within one year

30,001

393,781

NET CURRENT ASSETS

838,082

451,772

TOTAL ASSETS LESS CURRENT
LIABILITIES

838,082

853,170

CREDITORS

Amounts falling due after more than
one year

22,500

84,338

NET ASSETS ATTRIBUTABLE TO
MEMBERS

815,582

768,832

LOANS AND OTHER DEBTS DUE
TO MEMBERS

7

815,582

768,832

TOTAL MEMBERS' INTERESTS

Loans and other debts due to
members

7

815,582

768,832

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 December 2024.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) 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 financial statements were approved by the members of the LLP and authorised for issue on 10 December 2025 and were signed by:

R Simpson - Designated member

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

768,832

Amount due from members

-

Balance at 1 January 2024

-

768,832

Profit for the financial year
available for discretionary
division among members

329,498

-

329,498

Members' interests after
profit for the year

329,498

768,832

1,098,330

Other divisions of profit

(329,498

)

329,498

-

Introduced by members

-

9,389

Drawings on account and
distributions of profit

-

(292,137

)

(292,137

)

Amount due to members

815,582

Amount due from members

-

Balance at
31 December 2024

-

815,582

EQUITY

DEBT

TOTAL

Members'

Loans and other debts due to

MEMBERS'

other

members less any amounts due

INTERESTS

interests

from members in debtors

Other

reserves

amounts

Total

£

Amount due to members

538,814

Amount due from members

-

Balance at 1 January 2023

-

538,814

Profit for the financial year
available for discretionary
division among members

443,282

-

443,282

Members' interests after
profit for the year

443,282

538,814

982,096

Other divisions of profit

(443,282

)

443,282

-

Drawings on account and
distributions of profit

-

(213,264

)

(213,264

)

Amount due to members

768,832

Amount due from members

-

Balance at
31 December 2023

-

768,832

1.	STATUTORY INFORMATION

Sell a Vend 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.

The financial statements are prepared in sterling, which is the functional currency of the LLP. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2023 - 8 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

Depreciation - owned assets

5,209

3,801

Goodwill amortisation

7,296

9,728

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

97,281

Disposals

(97,281

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

77,824

Amortisation for year

7,296

Eliminated on disposal

(85,120

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

19,457

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

475,257

Additions

21,109

Disposals

(496,366

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

93,316

Charge for year

14,291

Eliminated on disposal

(107,607

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

381,941

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2024

100,010

Disposals

(81,785

)

Transfer to ownership

(18,225

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

13,723

Charge for year

9,082

Eliminated on disposal

(15,493

)

Transfer to ownership

(7,312

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

86,287

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.