Fire Fighter 247 LLP - Filleted accounts

Registered number

OC328731

Fire Fighter 247 LLP

Accounts

31 March 2025

Fire Fighter 247 LLP
Registered number: OC328731
Balance Sheet
as at 31 March 2025
Notes		2025		2024
£			£
Fixed assets
Tangible assets	3	56,480		83,073
Current assets
Stocks		139,624		129,021
Debtors	4	1,271,110		1,319,901
Cash at bank and in hand		596		436
		1,411,330		1,449,358

Creditors: amounts falling due within one year	5	(1,511,118)		(1,441,008)

Net current (liabilities)/assets		(99,788)		8,350

Total assets less current liabilities		(43,308)		91,423

Creditors: amounts falling due after more than one year	6	(159,525)		(316,702)


Net liabilities attributable to members		(202,833)		(225,279)

Represented by:
Loans and other debts due to members	7	(202,833)		(225,279)


		(202,833)		(225,279)

Total members' interests
Loans and other debts due to members	7	(202,833)		(225,279)

		(202,833)		(225,279)

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 18 June 2025 and signed on their behalf by:


D Price
Designated member

Fire Fighter 247 LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	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.

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 3 years
	Office equipment			over 2 years
	Motor vehicles			over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Members' capital
	Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. 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	Employees					2025		2024
Number							Number

	Average number of persons employed by the LLP					24		24


3	Tangible fixed assets
		Plant and machinery		Office equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	63,833		176,254		125,761		365,848
	Additions	4,681		14,417		-		19,098
	Disposals	-		-		(21,980)		(21,980)
	At 31 March 2025	68,514		190,671		103,781		362,966

	Depreciation
	At 1 April 2024	55,460		155,012		72,303		282,775
	Charge for the year	7,304		12,849		25,538		45,691
	On disposals	-		-		(21,980)		(21,980)
	At 31 March 2025	62,764		167,861		75,861		306,486

	Net book value
	At 31 March 2025	5,750		22,810		27,920		56,480
	At 31 March 2024	8,373		21,242		53,458		83,073


4	Debtors					2025		2024
£							£

	Trade debtors					772,995		1,125,211
	Prepayments					444,629		17,034
	Other debtors					53,486		177,656
						1,271,110		1,319,901


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					739,299		415,148
	Obligations under finance lease and hire purchase contracts					11,447		25,779
	Trade creditors					445,462		585,215
	Accruals and deferred income					104,434		23,516
	Other taxes and social security costs					155,006		351,218
	Other creditors					55,470		40,132
						1,511,118		1,441,008


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank and other loans					159,525		306,801
	Obligations under finance lease and hire purchase contracts					-		9,901
						159,525		316,702


7	Loans and other debts due to members					2025		2024
£							£

	Loans from members					(263,510)		(241,181)
	Amounts due to members in respect of profits					60,677		15,902

						(202,833)		(225,279)

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


8	Other information

	Fire Fighter 247 LLP is a limited liability partnership incorporated in England. Its registered office is:
	Unit 4 Old Sawmills Trading Estate
	Broughton Gifford
	Melksham
	Wiltshire
	SN12 8PY