REGISTERED NUMBER: OC343075 (England and Wales)

CFW ACCOUNTANTS LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

4

FIXED ASSETS

Intangible assets

4

755,338

755,338

Tangible assets

5

71,487

109,249

826,825

864,587

CURRENT ASSETS

Debtors

370,004

260,983

Cash at bank and in hand

231,826

170,146

601,830

431,129

CREDITORS

Amounts falling due within one year

257,439

196,470

NET CURRENT ASSETS

344,391

234,659

TOTAL ASSETS LESS CURRENT LIABILITIES

1,171,216

1,099,246

CREDITORS

Amounts falling due after more than one year

1,667

17,048

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,169,549

1,082,198

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

339,211

326,860

MEMBERS' OTHER INTERESTS

Capital accounts

830,338

755,338

1,169,549

1,082,198

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

339,211

326,860

Members' other interests

830,338

755,338

Amounts due from members

(24,536

)

-

1,145,013

1,082,198

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 and delivered 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 March 2025 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.

In accordance with Section 444 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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 22 July 2025 and were signed by:

D I Baker - Designated member

1.	STATUTORY INFORMATION

CFW Accountants LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC343075

Registered office:

3 Weekley Wood Close

Kettering

Northamptonshire

NN14 1UQ

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.

Goodwill

Goodwill represents the historical acquisition costs of an existing partnership transferred to the LLP in 2013. The members consider that there is an active market for the asset and that the current valuation is in excess of the book value. Amortisation is therefore not deemed appropriate. The members review this policy and valuation on an annual basis.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors

Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

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 the 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 the profit and loss account 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.

Taxation

Taxation on all of the LLP's profit is solely the personal liability of the individual members, consequently neither taxation or related deferred taxation arising in respect of the members is accounted for in these financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 18 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

755,338

NET BOOK VALUE

At 31 March 2025

755,338

At 31 March 2024

755,338

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

228,381

Additions

26,177

Disposals

(50,284

)

At 31 March 2025

204,274

DEPRECIATION

At 1 April 2024

119,132

Charge for year

28,031

Eliminated on disposal

(14,376

)

At 31 March 2025

132,787

NET BOOK VALUE

At 31 March 2025

71,487

At 31 March 2024

109,249

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

5,381

10,294

Between one and five years

-

5,381

5,381

15,675

Non-cancellable

operating leases

2025

2024

£

£

Between one and five years

292,109

384,579

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the loans and other debts due to members have no preferential rights over creditors.