General Information
S & S EC Services LLP is a limited liability partnership, incorporated in England & Wales, registered number OC437546. The Registered Office is Unit A, 82 James Carter Road, Mildenhall, United Kingdom, IP28 7DE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The members have prepared the financial statements on a basis other than going concern. The LLP ceased trading during the year and the members intend to apply for the voluntary strike-off of the LLP following approval of these financial statements. Accordingly, the financial statements have been prepared on a break-up basis, which the members consider to be appropriate in the circumstances.
The members consider that the LLP has sufficient assets to settle its liabilities as they fall due and therefore no adjustments have been required to the carrying value of assets and liabilities. The LLP ceased trading in July 2024 and the members intend to apply for the voluntary strike-off of the LLP following approval of these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added taxes. Turnover refers to the revenue earned from the sale of goods and services.
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.
Cost of sales
Cost of sales includes all direct expenses incurred in delivering IT services under contracts secured with third-party clients. The LLP also engages external suppliers and subcontractors to perform the IT work required to fulfil these contracts.
Direct costs include:
- Payments to external suppliers and subcontractors providing IT services
- IT-related costs directly attributable to service delivery (e.g. software licences, cloud platforms, development tools)
- Computer and equipment expenses used in fulfilling client work
- Website and hosting costs directly linked to operational delivery
- These costs are recognised in the period in which the related revenue is earned.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the transaction date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit & Loss account.
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:
| Computer Equipment |
33% Straight Line
|
| Fixtures and Fittings |
20% Straight Line
|
| Motor Vehicles |
20% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 June 2024 |
46,969 |
|
5,695 |
|
2,920 |
|
55,584 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 May 2025 |
46,969 |
|
5,695 |
|
2,920 |
|
55,584 |
| Depreciation |
| At 01 June 2024 |
19,689 |
|
2,835 |
|
1,863 |
|
24,387 |
| Charge for year |
27,280 |
|
2,860 |
|
1,057 |
|
31,197 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 May 2025 |
46,969 |
|
5,695 |
|
2,920 |
|
55,584 |
| Net book values |
| Closing balance as at 31 May 2025 |
- |
|
- |
|
- |
|
- |
| Opening balance as at 01 June 2024 |
27,281 |
|
2,860 |
|
1,057 |
|
31,198 |
Impairement of fixed assets
Following the cessation of trading activities during the year, the members reviewed the carrying value of the LLP's tangible fixed assets. As the assets are no longer expected to generate future economic benefits and have limited recoverable value, an impairment charge of £31,198 has been recognised during the year to write down the assets to their estimated recoverable amount of nil.
The impairment has been included within administrative expenses in the profit and loss account.
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
0 |
|
735,375 |
| VAT |
0 |
|
4,578 |
|
0 |
|
739,953 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
0 |
|
196,348 |
| Obligations under HP/Financial Leases |
0 |
|
7,548 |
|
0 |
|
203,896 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
0 |
|
21,576 |
|
0 |
|
21,576 |
|
| 7. |
Subsequent events
Following the year end, the LLP remained dormant and did not undertake any further trading activities. The members have resolved to apply for the voluntary strike-off of the LLP under the provisions of the Limited Liability Partnerships Act 2000 and Companies Act 2006. At the date of approval of these financial statements, the strike-off application had not yet been completed.
The members are not aware of any other events occurring after the reporting date which would require adjustment to, or disclosure in, these financial statements.
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2
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