James Scott (Accounting) LLP

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

Registered number: OC439025

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,710		-
Tangible Assets	5		44,054		77,153

			49,764		77,153
CURRENT ASSETS
Stocks		73,000		67,400
Debtors		93,466		81,470
Cash at bank and in hand		35,711		35,549

		202,177		184,419
Creditors: Amounts Falling Due Within One Year		(237,173 )		(228,185 )

NET CURRENT ASSETS (LIABILITIES)			(34,996 )		(43,766 )

TOTAL ASSETS LESS CURRENT LIABILITIES			14,768		33,387

Creditors: Amounts Falling Due After More Than One Year			(3,889 )		(22,064 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			10,879		11,323

REPRESENTED BY:
Equity
Members' other interests
Other reserves		10,879		11,323

			10,879		11,323

TOTAL MEMBERS' INTEREST
Members' other interests			10,879		11,323

			10,879		11,323

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James Scott (Accounting) LLP

Abridged 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.

All of the LLP's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the members

M Taylor Designated Member	B Fitzpatrick Designated Member
21 October 2025

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

1. General Information

James Scott (Accounting) LLP is a limited liability partnership, incorporated in England & Wales, registered number OC439025 . The Registered Office is 5/6 Salmon Fields Business Village, Royton, Oldham, OL2 6HT.

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 - Other Intangible

Other intangible assets are website development costs. They are amortised to the profit and loss account over its estimated economic life of 5 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:

Plant & Machinery	15
Motor Vehicles	25
Fixtures & Fittings	15
Computer Equipment	15

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.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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James Scott (Accounting) LLP

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 11 (2024: 11)

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	-
Additions	6,588

As at 31 March 2025	6,588

Amortisation
As at 1 April 2024	-
Provided during the period	878

As at 31 March 2025	878

Net Book Value
As at 31 March 2025	5,710

As at 1 April 2024	-

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	117,732
Additions	20,511
Disposals	(65,950 )

As at 31 March 2025	72,293

Depreciation
As at 1 April 2024	40,579
Provided during the period	3,412
Disposals	(15,752 )

As at 31 March 2025	28,239

Net Book Value
As at 31 March 2025	44,054

As at 1 April 2024	77,153

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James Scott (Accounting) LLP

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

6. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	3,988
Later than one year and not later than five years	-	7,975

	-	11,963

	-	11,963

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