REGISTERED NUMBER: OC339568 (England and Wales)

Financial Statements for the Period 1 November 2023 to 31 March 2025

for

Fresco Solar Shading LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

I V Staines

Mrs A Muenster-Staines

S Atkinson

M Hislop

M L Blaze

REGISTERED OFFICE:

Unit 2

Springwell Court

Leeds

West Yorkshire

LS12 1AL

REGISTERED NUMBER:

OC339568 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

219,479

232,458

CURRENT ASSETS

Stocks

165,799

90,589

Debtors

5

1,009,515

521,106

Cash at bank and in hand

13,781

16,259

1,189,095

627,954

CREDITORS

Amounts falling due within one year

6

1,337,095

744,840

NET CURRENT LIABILITIES

(148,000

)

(116,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

71,479

115,572

CREDITORS

Amounts falling due after more than one year

7

59,028

112,336

NET ASSETS ATTRIBUTABLE TO MEMBERS

12,451

3,236

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

12,451

3,236

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

12,451

3,236

Amounts due from members

5

(289,962

)

(281,380

)

(277,511

)

(278,144

)

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 period 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.

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 23 December 2025 and were signed by:

I V Staines - Designated member

1.	STATUTORY INFORMATION

Fresco Solar Shading 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.

The partnership also takes account of amounts recoverable on contracts as activity progresses.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Grants

Grants have been accounted for on the performance model.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2023

38,359

37,203

276,252

4,846

356,660

Additions

-

-

196,469

-

196,469

Disposals

-

-

(165,395

)

-

(165,395

)

At 31 March 2025

38,359

37,203

307,326

4,846

387,734

DEPRECIATION

At 1 November 2023

38,359

22,148

59,210

4,485

124,202

Charge for period

-

6,984

91,954

361

99,299

Eliminated on disposal

-

-

(55,246

)

-

(55,246

)

At 31 March 2025

38,359

29,132

95,918

4,846

168,255

NET BOOK VALUE

At 31 March 2025

-

8,071

211,408

-

219,479

At 31 October 2023

-

15,055

217,042

361

232,458

Included within the net book value is £173,960 (2023: £179,653) relating to assets held under hire purchase agreements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.10.23

£

£

Trade debtors

110,898

74,513

Amounts recoverable on contract

119,916

144,773

Other debtors

778,701

301,820

1,009,515

521,106

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.10.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

74,959

67,774

Trade creditors

501,854

215,714

Taxation and social security

8,003

75,321

Other creditors

742,279

376,031

1,337,095

744,840

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.10.23

£

£

Bank loans

2,500

16,667

Hire purchase contracts

56,528

95,669

59,028

112,336

8.	SECURED DEBTS

Paragon Business Finance plc hold a fixed charge over the assets held by the partnership. Also contains a negative pledge.

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.10.23

£

£

Amounts owed to members in respect of profits

12,451

3,236

Falling due within one year

12,451

3,236

In the event of winding up, other unsecured creditors would be paid first before any repayment of members' accounts.