Company No: OC399264 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	120,512		0
Tangible assets	4	106,267		110,162
		226,779		110,162
Current assets
Debtors	5	1,842,403		1,544,458
Cash at bank and in hand		45,961		1,437
		1,888,364		1,545,895
Creditors: amounts falling due within one year	6	( 1,378,442)		( 1,239,808)
Net current assets		509,922		306,087
Total assets less current liabilities		736,701		416,249
Creditors: amounts falling due after more than one year	7	( 16,666)		( 66,667)
Net assets attributable to members		720,035		349,582
Represented by
Loans and other debts due to members within one year
Other amounts		720,035		349,582
		720,035		349,582
Members' other interests
		0		0
		720,035		349,582
Total members' interests
Loans and other debts due to members		720,035		349,582
		720,035		349,582

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 Profit and Loss Account has not been delivered.

Amicus Law (South West) LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

The financial statements of Amicus Law (South West) LLP (registered number: OC399264) were approved and authorised for issue by the Board of Directors on 01 December 2025. They were signed on its behalf by:

C L Lovett Designated member

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

Amicus Law (South West) 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 Regional Rural Business Centre, Market Way, Bridgwater, TA6 6DF, 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 recognised at the fair value of the consideration received or receivable for legal services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

2 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Plant and machinery

20 % 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the LLP during the year	92		78

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	0		0
Additions	131,468		131,468
At 31 March 2025	131,468		131,468
Accumulated amortisation
At 01 April 2024	0		0
Charge for the financial year	10,956		10,956
At 31 March 2025	10,956		10,956
Net book value
At 31 March 2025	120,512		120,512
At 31 March 2024	0		0

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2024	222,334		222,334
Additions	48,148		48,148
At 31 March 2025	270,482		270,482
Accumulated depreciation
At 01 April 2024	112,172		112,172
Charge for the financial year	52,043		52,043
At 31 March 2025	164,215		164,215
Net book value
At 31 March 2025	106,267		106,267
At 31 March 2024	110,162		110,162

5. Debtors

	2025		2024
	£		£
Trade debtors	791,017		786,198
Prepayments	338,660		242,327
Other debtors	712,726		515,933
	1,842,403		1,544,458

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	94,619		277,308
Trade creditors	264,266		273,948
Accruals	379,606		114,288
Other taxation and social security	318,961		293,858
Other creditors	320,990		280,406
	1,378,442		1,239,808

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

	2025		2024
	£		£
Bank loans	16,666		66,667

8. Financial commitments

Commitments

The total amount of financial commitments relating to operating leases not included in the balance sheet is £297,142 (2024 - 388,962). The total commitment is due over the following periods : £116,081 is less than one year and £181,061 in two to five years. (2024 - £128,781 in less than one year, £207,235 in two to five years and £8,627 greater than 5 years).