Cambridge Safety Limited Liability Partnership

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Cambridge Safety Limited Liability Partnership is a limited liability partnership, incorporated in England & Wales, registered number OC301862 . The Registered Office is Unit 10 Swan Court, Forder Way, Cynet Park, Hampton, Peterborough, PE7 8GX.

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	25% reducing balance
Computer equipment	33% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. Pensions

The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.

2.7. 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.

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Cambridge Safety Limited Liability Partnership

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2026

2.8. 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.

2.9. Members' capital

Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.

2.10. Members' participation rights

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, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'

2.11. Interest income

Interest income is recognised in the profit and loss using the effective interest method

2.12. 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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 4 (2025: 4)

4. Members' Remuneration

	2026		2025
Average number of members during the year	3		3

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Cambridge Safety Limited Liability Partnership

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2026

5. Tangible assets

	Motor vehicles	Fixtures & fittings	Computer equipment	Total
	£	£	£	£
Cost
As at 6 April 2025	106,819	90,048	20,885	217,752
Additions	-	1,629	7,969	9,598
Disposals	-	(2,312 )	(2,376 )	(4,688 )

As at 5 April 2026	106,819	89,365	26,478	222,662

Depreciation
As at 6 April 2025	88,206	82,574	13,454	184,234
Provided during the period	4,653	1,811	3,287	9,751
Disposals	-	(1,554 )	(1,883 )	(3,437 )

As at 5 April 2026	92,859	82,831	14,858	190,548

Net Book Value
As at 5 April 2026	13,960	6,534	11,620	32,114

As at 6 April 2025	18,613	7,474	7,431	33,518

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	9,183	7,116
Other debtors	9,559	10,184

	18,742	17,300

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	11,349	8,772
Other creditors	34,161	45,348
Taxation and social security	14,262	7,073

	59,772	61,193

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	27,600	27,600
Later than one year and not later than five years	89,700	110,400
Later than five years	-	6,900

	117,300	144,900

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Cambridge Safety Limited Liability Partnership

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2026

9. Loans and other debts due to members

	2026	2025
	£	£

Amounts due in respect of profits	18,566	26,746
	18,566	26,746

Amounts falling due within one year	18,566	26,746
	18,566	26,746

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	5		32,114		33,518

			32,114		33,518
CURRENT ASSETS
Debtors	6	18,742		17,300
Cash at bank and in hand		27,482		37,121

		46,224		54,421
Creditors: Amounts Falling Due Within One Year	7	(59,772 )		(61,193 )

NET CURRENT ASSETS (LIABILITIES)			(13,548 )		(6,772 )

TOTAL ASSETS LESS CURRENT LIABILITIES			18,566		26,746

NET ASSETS ATTRIBUTABLE TO MEMBERS			18,566		26,746

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		18,566		26,746

			18,566		26,746

			18,566		26,746

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			18,566		26,746

			18,566		26,746