REGISTERED NUMBER: OC367337 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Carter Vincent LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

I T Harris

Ms C B Forfar

REGISTERED OFFICE:

The Port House

Port Penrhyn

Bangor

Gwynedd

LL57 4HN

REGISTERED NUMBER:

OC367337 (England and Wales)

ACCOUNTANTS:

A.Hughes-Jones, Dyson & Co.

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Intangible assets

4

3,000

6,000

Tangible assets

5

33,381

19,355

36,381

25,355

CURRENT ASSETS

Stocks

57,020

66,624

Debtors

6

350,580

334,943

Cash at bank and in hand

30,303

567

437,903

402,134

CREDITORS

Amounts falling due within one year

7

137,130

87,522

NET CURRENT ASSETS

300,773

314,612

TOTAL ASSETS LESS CURRENT LIABILITIES

337,154

339,967

CREDITORS

Amounts falling due after more than one year

8

21,414

3,642

NET ASSETS ATTRIBUTABLE TO MEMBERS

315,740

336,325

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

315,740

336,325

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

315,740

336,325

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 31st 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 18th December 2025 and were signed by:

I T Harris - Designated member

Ms C B Forfar - Designated member

1.	STATUTORY INFORMATION

Carter Vincent 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

30,000

AMORTISATION

At 1st April 2024

24,000

Charge for year

3,000

At 31st March 2025

27,000

NET BOOK VALUE

At 31st March 2025

3,000

At 31st March 2024

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

66,340

Additions

32,747

Disposals

(24,141

)

At 31st March 2025

74,946

DEPRECIATION

At 1st April 2024

46,985

Charge for year

11,082

Eliminated on disposal

(16,502

)

At 31st March 2025

41,565

NET BOOK VALUE

At 31st March 2025

33,381

At 31st March 2024

19,355

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

296,030

260,412

Other debtors

54,550

74,531

350,580

334,943

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

20,562

Hire purchase contracts

3,415

4,070

Taxation and social security

44,911

39,492

Other creditors

88,804

23,398

137,130

87,522

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

21,414

3,642

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.