Reid Associates LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SO305228

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,331		27,677

			12,331		27,677
CURRENT ASSETS
Work in progress	5	15,889		37,182
Debtors	6	124,272		126,049
Cash at bank and in hand		314,373		366,292

		454,534		529,523
Creditors: Amounts Falling Due Within One Year	7	(103,050 )		(128,405 )

NET CURRENT ASSETS (LIABILITIES)			351,484		401,118

TOTAL ASSETS LESS CURRENT LIABILITIES			363,815		428,795

Creditors: Amounts Falling Due After More Than One Year	8		-		(10,000 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			363,815		418,795

REPRESENTED BY:
Equity
Members' other interests
Members' capital		125,742		153,698
Other reserves		238,073		265,097

			363,815		418,795

TOTAL MEMBERS' INTEREST
Members' other interests			363,815		418,795

			363,815		418,795

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Reid Associates LLP

Balance Sheet (continued)

As At 5 April 2026

For the year ending 5 April 2026 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

Iain Drummond

Designated Member

27 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Reid Associates LLP is a limited liability partnership, incorporated in Scotland, registered number SO305228 . The Registered Office is 13 Sandyford Place, Glasgow, G3 7NB.

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 May 2024 (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.

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:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	33.33% reducing balance

2.4. Stocks and Work in Progress

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 9 (2025: 10)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 6 April 2025	62,194	13,083	34,421	109,698
Additions	-	-	3,729	3,729
Disposals	(38,198 )	-	-	(38,198 )

As at 5 April 2026	23,996	13,083	38,150	75,229

...CONTINUED

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Reid Associates LLP

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2026

Depreciation
As at 6 April 2025	40,662	11,941	29,418	82,021
Provided during the period	5,384	314	2,802	8,500
Disposals	(27,623 )	-	-	(27,623 )

As at 5 April 2026	18,423	12,255	32,220	62,898

Net Book Value
As at 5 April 2026	5,573	828	5,930	12,331

As at 6 April 2025	21,532	1,142	5,003	27,677

5. Work in progress

	2026	2025
	£	£
Work in progress	15,889	37,182

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	102,638	108,970
Other debtors	21,634	17,079

	124,272	126,049

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	11,695	14,333
Other loans	10,000	10,000
Other creditors	51,877	67,977
Taxation and social security	29,478	36,095

	103,050	128,405

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

	2026	2025
	£	£
Other loans	-	10,000

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