Errol Garage LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SO307252

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,668		7,175

			5,668		7,175
CURRENT ASSETS
Debtors	5	793		-
Cash at bank and in hand		3,216		7,179

		4,009		7,179
Creditors: Amounts Falling Due Within One Year	6	(16,741 )		(18,064 )

NET CURRENT ASSETS (LIABILITIES)			(12,732 )		(10,885 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,064 )		(3,710 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(7,064 )		(3,710 )

REPRESENTED BY:
Loans and other debts due to members
Other amounts		102,136		38,665

			102,136		38,665

Equity
Members' other interests
Members' capital		(109,200)		(42,375)

			(109,200)		(42,375)

			(7,064)		(3,710)

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			102,136		38,665
Members' other interests			(109,200)		(42,375)

			(7,064)		(3,710)

Page 1

Page 2

Errol Garage LLP

Balance Sheet (continued)

As At 31 March 2025

For the 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Ms Leigh Baxter Designated Member	Mr Grant McCormack Designated Member
19/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Errol Garage LLP is a limited liability partnership, incorporated in Scotland, registered number SO307252 . The Registered Office is Unit 1, The Old Sawmill, Errol, Perth, Perth And Kinross, PH2 7TB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Computer Equipment	33.3% straight line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 1 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	15,827	783	16,610
Additions	492	-	492

As at 31 March 2025	16,319	783	17,102

Depreciation
As at 1 April 2024	8,764	671	9,435
Provided during the period	1,889	110	1,999

As at 31 March 2025	10,653	781	11,434

Net Book Value
As at 31 March 2025	5,666	2	5,668

As at 1 April 2024	7,063	112	7,175

Page 3

Page 4

Errol Garage LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	793	-

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,469	4,126
Other creditors	1,672	3,423
Taxation and social security	11,600	10,515

	16,741	18,064

Page 4