Registered No. SO302957 (Scotland)
Borders Chiropractic LLP
Unaudited accounts
for the year ended 31 March 2025
Borders Chiropractic LLP
LLP Information
for the year ended 31 March 2025
Designated members
Mr Fraser Andrew Swalwell
Mrs Pamella Lee Quin Swalwell
Registered Number
SO302957 (Scotland)
Registered Office
Borders Chiropractic
Unit 2
Cherry Court, Cavalry Park
Peebles
Peeblesshire
EH45 9BU
Scotland
Accountants
R Books Limited
16 Crookston Place
Peebles
Scottish Borders
EH45 9AL
Borders Chiropractic LLP
Statement of financial position
as at 31 March 2025
Tangible assets
5,749
7,383
Cash at bank and in hand
7,205
2,890
Creditors: amounts falling due within one year
(5,537)
(4,755)
Net current assets
3,859
1,231
Total assets less current liabilities
9,608
8,614
Creditors: amounts falling due after more than one year
(3,273)
(7,067)
Net assets attributable to members
6,335
1,547
Loans and other debts due to members
6,335
1,547
Loans and other debts due to members
6,335
1,547
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 17 November 2025.
Mrs Pamella Lee Quin Swalwell
Designated member
Limited Liability Partnership Registration No. SO302957
Borders Chiropractic LLP
Notes to the Accounts
for the year ended 31 March 2025
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 accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - reducing balance
Computer equipment
25% - reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Borders Chiropractic LLP is a limited liability partnership, incorporated in Scotland, registration number SO302957. Its registered office is Borders Chiropractic, Unit 2, Cherry Court, Cavalry Park, Peebles, Peeblesshire, EH45 9BU, Scotland.
Borders Chiropractic LLP
Notes to the Accounts
for the year ended 31 March 2025
3
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
22,975
5,827
28,802
Disposals
-
(1,849)
(1,849)
At 31 March 2025
22,975
4,438
27,413
At 1 April 2024
16,552
4,867
21,419
Charge for the year
1,606
254
1,860
On disposals
-
(1,615)
(1,615)
At 31 March 2025
18,158
3,506
21,664
At 31 March 2025
4,817
932
5,749
At 31 March 2024
6,423
960
7,383
4
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,780
3,700
5
Creditors: amounts falling due after more than one year
2025
2024
6
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
6,335
1,547
Amounts falling due within one year
6,335
1,547
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).