REGISTERED NUMBER: OC339948 (England and Wales)

SMITHS FIRE LLP

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

4

FIXED ASSETS

Intangible assets

4

23,182

19,605

Tangible assets

5

140,855

135,571

164,037

155,176

CURRENT ASSETS

Stocks

43,088

41,238

Debtors

245,792

309,339

Prepayments and accrued income

32,999

26,394

Cash at bank and in hand

400,515

325,339

722,394

702,310

CREDITORS

Amounts falling due within one year

200,368

243,996

NET CURRENT ASSETS

522,026

458,314

TOTAL ASSETS LESS CURRENT LIABILITIES

686,063

613,490

CREDITORS

Amounts falling due after more than one year

(27,258

)

(40,403

)

ACCRUALS AND DEFERRED INCOME

(9,074

)

(10,495

)

NET ASSETS ATTRIBUTABLE TO MEMBERS

649,731

562,592

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

643,731

556,592

MEMBERS' OTHER INTERESTS

Capital accounts

6,000

6,000

649,731

562,592

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

643,731

556,592

Members' other interests

6,000

6,000

649,731

562,592

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements 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 financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 June 2026 and were signed by:

R J Smith - Designated member

Mrs S J Smith-Buchanan - Designated member

1.	STATUTORY INFORMATION

Smiths Fire LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC339948

Registered office:

Northfield Point

Cunliffe Drive

Kettering

Northamptonshire

NN16 9QJ

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors

Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation

Taxation on all of the LLP's profits is solely the personal liability of the individual members, consequently neither taxation nor related deferred taxation arising in respect of the members are accounted for in these financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 19 (2025 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

112,057

Additions

10,015

At 31 March 2026

122,072

AMORTISATION

At 1 April 2025

92,452

Amortisation for year

6,438

At 31 March 2026

98,890

NET BOOK VALUE

At 31 March 2026

23,182

At 31 March 2025

19,605

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

396,854

Additions

50,323

Disposals

(24,215

)

At 31 March 2026

422,962

DEPRECIATION

At 1 April 2025

261,283

Charge for year

42,527

Eliminated on disposal

(21,703

)

At 31 March 2026

282,107

NET BOOK VALUE

At 31 March 2026

140,855

At 31 March 2025

135,571

6.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

25,667

Finance leases

37,098

46,576

37,098

72,243

The finance leases are secured over the assets to which they relate.

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up, the loans and other debts due to members have no preferential rights over creditors.

8.	OTHER FINANCIAL COMMITMENTS

Not included in the balance sheet are financial commitments, in the form of operating leases, amounting to £134,247 (2025 - £170,206).