REGISTERED NUMBER: OC372815 (England and Wales)

John Coull Associates LLP

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mr J A Coull

Mrs J Coull

REGISTERED OFFICE:

28 Bryn Estate

Bontnewydd

Caernarfon

Gwynedd

LL55 2UN

REGISTERED NUMBER:

OC372815 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of Engineering & Consultancy.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mr J A Coull

Mrs J Coull

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £29,031 (2024 - £45,148 profit).

MEMBERS' INTERESTS

The partnership operates a drawings policy which has regard to a cautious estimate of budgeted profits. Drawings are restricted to prudent levels, taking into account working capital performance, with full distributions of profits only when the results for the year and individual members' allocations have been determined.

In addition, the Members' Agreement provides a framework for further restriction of drawings under circumstances where the cash requirements of the business need to take priority over the cash needs of the members.

ON BEHALF OF THE MEMBERS:

Mr J A Coull - Designated member

4 December 2025

TURNOVER

51,770

73,860

Cost of sales

(7,622

)

(11,710

)

GROSS PROFIT

44,148

62,150

Administrative expenses

(15,117

)

(17,002

)

OPERATING PROFIT and

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

29,031

45,148

FIXED ASSETS

Tangible assets

5

1,823

2,177

CURRENT ASSETS

Debtors

6

21,964

9,198

Cash at bank

9,510

54,366

31,474

63,564

CREDITORS

Amounts falling due within one year

7

1,583

4,010

NET CURRENT ASSETS

29,891

59,554

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

31,714

61,731

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

31,714

61,731

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

31,714

61,731

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 March 2025.

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.

The financial statements were approved by the members of the LLP and authorised for issue on 4 December 2025 and were signed by:

Mr J A Coull - Designated member

1.	STATUTORY INFORMATION

John Coull Associates 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

period

1/3/23

year ended

to

31/3/25

31/3/24

£

£

Depreciation - owned assets

477

544

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

8,423

Additions

573

Disposals

(1,733

)

At 31 March 2025

7,263

DEPRECIATION

At 1 April 2024

6,246

Charge for year

477

Eliminated on disposal

(1,283

)

At 31 March 2025

5,440

NET BOOK VALUE

At 31 March 2025

1,823

At 31 March 2024

2,177

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

21,964

9,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

1,583

4,010

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

There is no provision for specific legally enforceable protection afforded to creditors in such an event.

There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.