| 2020 Accountancy LLP |
| Registered number: |
OC327981 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
47,333 |
|
55,333 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
32,946 |
|
29,344 |
| Cash at bank and in hand |
|
|
11,196 |
|
7,018 |
|
|
|
44,142 |
|
36,362 |
|
| Creditors: amounts falling due within one year |
5 |
|
(35,889) |
|
(18,215) |
|
| Net current assets |
|
|
8,253 |
|
18,147 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
55,586 |
|
73,480 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
(91,731) |
|
(96,213) |
|
|
| Net liabilities attributable to members |
(36,145) |
|
(22,733) |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
(373,440) |
|
(265,040) |
| Other reserves |
|
|
337,295 |
|
242,307 |
|
|
|
(36,145) |
|
(22,733) |
|
|
|
|
|
|
|
|
|
(36,145) |
|
(22,733) |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
(36,145) |
|
(22,733) |
|
|
|
|
(36,145) |
|
(22,733) |
|
|
|
|
|
|
| For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs). |
| The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| These accounts were approved by the members on 31 December 2025 and signed on their behalf by: |
|
|
| Miss Jodie Leigh Hall |
| Designated member |
|
| 2020 Accountancy LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
80,000 |
|
At 31 March 2025 |
80,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
24,667 |
|
Provided during the year |
8,000 |
|
At 31 March 2025 |
32,667 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
47,333 |
|
At 31 March 2024 |
55,333 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
31,221 |
|
27,619 |
|
Other debtors |
1,725 |
|
1,725 |
|
|
|
|
|
|
32,946 |
|
29,344 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
4,482 |
|
4,482 |
|
Trade creditors |
2,101 |
|
2,101 |
|
Other taxes and social security costs |
29,277 |
|
11,603 |
|
Other creditors |
29 |
|
29 |
|
|
|
|
|
|
35,889 |
|
18,215 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
18,676 |
|
23,158 |
|
Other creditors |
73,055 |
|
73,055 |
|
|
|
|
|
|
91,731 |
|
96,213 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
2020 Accountancy LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Bourne House |
|
23 Hinton Road |
|
Bournemouth |
|
England |
|
BH1 2EF |