Company No: OC368635 (England and Wales)

Contents

• Limited Liability Partnership Information
• Accountants' Report
• Balance Sheet
• Reconciliation of Members' Interests
• Notes to the Financial Statements

Designated members	P Clapham
	N S P Marston (Appointed 01 April 2024)
	J P D Yonge

Registered office	43 Castle Hill Avenue
	Folkestone
	Kent
	CT20 2RB
	United Kingdom

Registered number

OC368635 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to Limited Liability Partnerships, we have prepared for your approval the financial statements of SW&P Sales LLP for the financial year ended 31 March 2025 which comprise the Balance Sheet, the Reconciliation of Members' Interests and the related notes 1 to 6 from the LLP’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that SW&P Sales LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SW&P Sales LLP. You consider that SW&P Sales LLP is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of SW&P Sales LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the members of SW&P Sales LLP, as a body, in accordance with the terms of our engagement letter dated 15 July 2021 . Our work has been undertaken solely to prepare for your approval the financial statements of SW&P Sales LLP and state those matters that we have agreed to state to members of SW&P Sales LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SW&P Sales LLP and its members as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

10 December 2025

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	2	25,009		6,698
		25,009		6,698
Current assets
Stocks		121		198
Debtors	3	42,160		51,273
Cash at bank and in hand		81,479		107,401
		123,760		158,872
Creditors: amounts falling due within one year	4	( 47,741)		( 43,953)
Net current assets		76,019		114,919
Total assets less current liabilities		101,028		121,617
Creditors: amounts falling due after more than one year	5	( 20,379)		0
Net assets attributable to members		80,649		121,617
Represented by
Loans and other debts due to members within one year
Other amounts		80,649		121,617
		80,649		121,617
Members' other interests
		0		0
		80,649		121,617
Total members' interests
Loans and other debts due to members		80,649		121,617
		80,649		121,617

For the financial year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

• The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of SW&P Sales LLP (registered number: OC368635) were approved and authorised for issue by the Board of Directors on 10 December 2025. They were signed on its behalf by:

P Clapham Designated member

	EQUITY Members' other interests			DEBT Loans and other debts due to members less any amounts due from members in debtors			Total members' interests
	Members' capital (classified as equity)	Other reserves	Total	Members' capital (classified as debt)	Other amounts	Total	Total
	£	£	£	£	£	£	£
Amounts due from members					69,973	69,973
Balance at 01 April 2023	0	0	0	0	69,973	69,973	69,973
Profit for the financial year available for discretionary division among members	0	125,316	125,316	0	0	0	125,316
Members' interest after profit for the financial year	0	125,316	125,316	0	69,973	69,973	195,289
Division of profit	0	(125,316)	(125,316)	0	125,316	125,316	0
Drawings	0	0	0	0	(73,672)	(73,672)	(73,672)
Amounts due to members				0	121,617	121,617
Balance at 31 March 2024	0	0	0	0	121,617	121,617	121,617
Profit for the financial year available for discretionary division among members	0	111,584	111,584	0	0	0	111,584
Members' interest after profit for the financial year	0	111,584	111,584	0	121,617	121,617	233,201
Division of profit	0	(111,584)	(111,584)	0	111,584	111,584	0
Introduced by members	0	0	0	5,000	0	5,000	5,000
Transfers	0	0	0	(5,000)	0	(5,000)	(5,000)
Drawings	0	0	0	0	(152,552)	(152,552)	(152,552)
Amounts due to members				0	80,649	80,649
Balance at 31 March 2025	0	0	0	0	80,649	80,649	80,649

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SW&P Sales LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 43 Castle Hill Avenue, Folkestone, Kent, CT20 2RB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial
period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members’ agreement in force at the time,
whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in the Statement of Comprehensive Income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	3		3

2. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 April 2024	8,930		8,930
Additions	33,345		33,345
Disposals	( 8,930)		( 8,930)
At 31 March 2025	33,345		33,345
Accumulated depreciation
At 01 April 2024	2,232		2,232
Charge for the financial year	8,336		8,336
Disposals	( 2,232)		( 2,232)
At 31 March 2025	8,336		8,336
Net book value
At 31 March 2025	25,009		25,009
At 31 March 2024	6,698		6,698

3. Debtors

	2025		2024
	£		£
Trade debtors	27,313		39,679
Prepayments	14,847		11,594
	42,160		51,273

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	24,760		19,450
Other taxation and social security	16,723		21,830
Obligations under finance leases and hire purchase contracts	2,966		0
Other creditors	3,292		2,673
	47,741		43,953

5. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	20,379		0

There are no amounts included above in respect of which any security has been given by the small entity.

6. Loans and other debts due to members

	2025		2024
	£		£
Other amounts due to members	(80,649)		(121,617)

Loans and other debts due to members may be further analysed as follows:

	2025		2024
	£		£
Falling due within one year	(80,649)		(121,617)

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