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Registered number: OC351095
PARTS DEPOT CREWE LLP
REPORT OF THE MEMBERS AND FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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PARTS DEPOT CREWE LLP
REGISTERED NUMBER: OC351095
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: Amounts Falling Due Within One Year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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The financial statements have been prepared in accordance with the provisions of Part 15 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 small LLPs.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
P Smyth for and on behalf of Swansway Garages Limited
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PARTS DEPOT CREWE LLP
RECONCILIATION OF MEMBERS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Debt
Loans and other debts due to members
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Amounts due to Members at 1st January 2025
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Members' remuneration charged as an expense, including employment and retirement benefit costs.
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Contributions by and distributions to members
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Total transactions with members
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Amount due to members at 31st December 2025
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The notes on pages 4 to 8 form part of these financial statements.
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PARTS DEPOT CREWE LLP
RECONCILIATION OF MEMEBRS' INTERESTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Debt
Loans and other debts due to members
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Amounts due to Members at 1st January 2024
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Members' remuneration charged as an expense, including employment and retirement benefit costs.
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Contributions by and distributions to members
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Total transactions with members
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Amount due to members at 31st December 2024
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The notes on pages 4 to 8 form part of these financial statements.
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PARTS DEPOT CREWE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
Parts Depot Crewe LLP is registered in England and Wales. The LLP's registered number and office address can be found on the General Information page.
The presentation currency of the financial statements is the Pound Sterling (£)..
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of parts principally over the internet. Turnover is recognised at the point at which the goods are despatched to the customer.
At the balance sheet date the LLP had net current assets of £59,974.
The Members continue to have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. As a consequence, the Members continue to adopt the going concern basis of accounting in preparing the financial statements
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PARTS DEPOT CREWE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
2.Accounting policies (continued)
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Members' participation rights
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Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.
Profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment and the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense and presented as members remuneration charged as an expense in arriving at the result for the relevant year. To the extent that they remain unpaid at the period end, they are shown as liabilities.
Once an unavoidable obligation has been created in favour of members through allocation of profits or other means, any undrawn profits remaining at the reporting date are shown as 'Loans and other debts due to members' to the extent they exceed debts due from a specific member.
All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within 'Members' remuneration charged as an expense' in arriving at the relevant year's result. Undivided amounts that are classified as equity are shown within 'Members' other interests'. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members' interests.
The capital (whether classified as a liability or equity) of an LLP may be reduced by agreement of the members either by repayment or by the conversion of equity capital into liability capital or other debt. In the absence of agreement to the contrary, unsecured debt due to members will rank equally with debts due to other unsecured creditors in a winding up.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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PARTS DEPOT CREWE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Short-term leasehold property
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
a) Critical judgements in applying the entity's accounting policies
In the opinion of the members there are no critical judgements in applying the accounting policies of the LLP.
b) Critical accounting estimates and assumptions
The LLP makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.
i) Stock provisioning
Stock values are assessed using market research data which is based upon recent industry activity and where appropriate provisions are made. Whilst the data is deemed representative of current values it is possible that ultimate sales values can vary from those applied.
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The average monthly number of employees, including directors, during the year was 4 (2024 - 4).
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PARTS DEPOT CREWE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
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Long-term leasehold property
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Charge for the year on owned assets
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PARTS DEPOT CREWE LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Loans and other debts due to members rank behind creditors, in accordance with the members' agreement.
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The LLP is party to a cross guarantee over the assets of the group to which it belongs. This comprises both fixed and floating charges over all the assets of the LLP.
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Related party transactions
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During the year the LLP sold £2,619 (2024 : £29,313) and purchased £81.456 (2024 : £122,078) of goods to / from Swansway Garages Limited, a member.
Balances due to directors of Swansway Garages Limited of £14,069 (2024: £14,069) are included in other creditors at the year end.
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Swansway Group Limited is the ultimate parent company by virtue of its shareholding in Swansway Garages Limited. Swansway Garages Limited holds 85% of total member's interest. Swansway Group Limited is the smallest and largest company for which consolidated accounts including Parts Depot Crewe LLP are prepared. The consolidated accounts of Swansway Group Limited are available from Companies House.
The ultimate controlling party is considered to be Mr M. Smyth
The auditors' report on the financial statements for the year ended 31st December 2025 was unqualified.
The audit report was signed on 20 April 2026 by Paul Daly BEng FCA (Senior Statutory Auditor) on behalf of Cooper Parry Group Limited.
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