Ascentis Accountants LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: OC383298

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		50,667		32,868

			50,667		32,868
CURRENT ASSETS
Debtors	6	387,896		367,708
Cash at bank and in hand		36,304		45,410

		424,200		413,118
Creditors: Amounts Falling Due Within One Year	7	(153,336 )		(159,021 )

NET CURRENT ASSETS (LIABILITIES)			270,864		254,097

TOTAL ASSETS LESS CURRENT LIABILITIES			321,531		286,965

Creditors: Amounts Falling Due After More Than One Year	8		(153,060 )		(180,484 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			168,471		106,481

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		47,947		39,830
Other amounts		120,524		66,651

			168,471		106,481

			168,471		106,481

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			168,471		106,481

			168,471		106,481

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Ascentis Accountants 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

Mr Lee Kaznowski

Designated Member

11 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ascentis Accountants LLP is a limited liability partnership, incorporated in England & Wales, registered number OC383298 . The Registered Office is The Octagon, Wells Road, Ilkley, West Yorkshire, LS29 9JB.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Leasehold	Over the term of the lease
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was:

	31 March 2025	31 March 2024
Office and administration	8	9

	8	9

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Ascentis Accountants LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	150,000

As at 31 March 2025	150,000

Amortisation
As at 1 April 2024	150,000

As at 31 March 2025	150,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	22,073	-	22,375	35,642	80,090
Additions	-	27,500	-	-	27,500

As at 31 March 2025	22,073	27,500	22,375	35,642	107,590

Depreciation
As at 1 April 2024	11,630	-	12,534	23,058	47,222
Provided during the period	1,566	344	1,658	6,133	9,701

As at 31 March 2025	13,196	344	14,192	29,191	56,923

Net Book Value
As at 31 March 2025	8,877	27,156	8,183	6,451	50,667

As at 1 April 2024	10,443	-	9,841	12,584	32,868

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	45,755	47,338
Prepayments and accrued income	22,065	19,208
Other debtors	76	-

	67,896	66,546
Due after more than one year
Amounts due from members	320,000	301,162

	387,896	367,708

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Ascentis Accountants LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,427	-
Trade creditors	33,584	41,883
Bank loans and overdrafts	53,459	61,028
Other creditors	2,981	12,083
Taxation and social security	54,885	44,027

	153,336	159,021

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Net obligations under finance lease and hire purchase contracts	16,323	-
Bank loans	136,737	180,484

	153,060	180,484

9. Obligations Under Finance Leases and Hire Purchase

	31 March 2025	31 March 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,427	-
Later than one year and not later than five years	16,323	-

	24,750	-

	24,750	-

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