Naylor Sale & Widdows LLP

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

Registered number: OC391435

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,781		35,144

			30,781		35,144
CURRENT ASSETS
Debtors	5	3,817		15,270
Cash at bank and in hand		1,354		875

		5,171		16,145
Creditors: Amounts Falling Due Within One Year	6	(18,247 )		(34,033 )

NET CURRENT ASSETS (LIABILITIES)			(13,076 )		(17,888 )

TOTAL ASSETS LESS CURRENT LIABILITIES			17,705		17,256

Creditors: Amounts Falling Due After More Than One Year	7		(4,132 )		(5,750 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			13,573		11,506

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		13,573		11,506

			13,573		11,506

			13,573		11,506

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			13,573		11,506

			13,573		11,506

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Naylor Sale & Widdows 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 Ian Nelson

Designated Member

29/12/2025

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

1. General Information

Naylor Sale & Widdows LLP is a limited liability partnership, incorporated in England & Wales, registered number OC391435 . The Registered Office is 76 Draycott Road, Breaston, Derby, Derbyshire, DE72 3DA.

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:

Freehold	not provided
Equipment	25% on cost
Motor Vehicles	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	20% on cost

2.4. 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.

2.5. 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.

2.6. 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. There is no provision for specific legally enforceable protection afforded to creditos in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of Members' other interests.

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Naylor Sale & Widdows LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Registrar Filing Requirements

The LLP has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, members report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

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

4. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	10,500	21,730	16,903	7,047	56,180
Disposals	-	(5,230 )	-	-	(5,230 )

As at 31 March 2025	10,500	16,500	16,903	7,047	50,950

Depreciation
As at 1 April 2024	-	6,605	10,434	3,997	21,036
Provided during the period	-	1,375	1,579	1,409	4,363
Disposals	-	(5,230 )	-	-	(5,230 )

As at 31 March 2025	-	2,750	12,013	5,406	20,169

Net Book Value
As at 31 March 2025	10,500	13,750	4,890	1,641	30,781

As at 1 April 2024	10,500	15,125	6,469	3,050	35,144

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	3,087	14,956
Other debtors	730	314

	3,817	15,270

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	3,000	3,000
Other creditors	7,125	22,869
Taxation and social security	8,122	8,164

	18,247	34,033

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

	2025	2024
	£	£
Bank loans	4,132	5,750

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Naylor Sale & Widdows LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Other Commitments

The total of future minimum lease payments (contract hire) under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	3,045	3,045
Later than one year and not later than five years	1,775	4,821

	4,820	7,866

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