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REGISTERED NUMBER: OC434425 (England and Wales)












Accounts & Tax Centre (Southwest) LLP
Trading as
ATC Advisors

Unaudited Financial Statements

for the Year Ended 31st October 2025





Accounts & Tax Centre (Southwest) LLP (Registered number: OC434425)
Trading as ATC Advisors






Contents of the Financial Statements
for the Year Ended 31st October 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accounts & Tax Centre (Southwest) LLP
Trading as ATC Advisors

General Information
for the Year Ended 31st October 2025







DESIGNATED MEMBERS: P J M Stevenson
Mrs S A Gay





REGISTERED OFFICE: Unit 2 Dunheved Court
Pennygillam Way
Launceston
Cornwall
PL15 7ED





REGISTERED NUMBER: OC434425 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED
Page 1
Accounts & Tax Centre (Southwest) LLP (Registered number: OC434425)
Trading as ATC Advisors

Balance Sheet
31st October 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,534 125,874
Tangible assets 5 47,533 76,461
165,067 202,335

CURRENT ASSETS
Stocks 284,921 248,965
Debtors 6 254,969 234,396
Cash at bank and in hand 266,926 267,218
806,816 750,579
CREDITORS
Amounts falling due within one year 7 398,907 381,252
NET CURRENT ASSETS 407,909 369,327
TOTAL ASSETS LESS CURRENT
LIABILITIES
572,976
571,662

CREDITORS
Amounts falling due after more than one
year
8
29,042
77,783
NET ASSETS ATTRIBUTABLE TO
MEMBERS
543,934
493,879

LOANS AND OTHER DEBTS DUE TO
MEMBERS
9
243,934
193,879

MEMBERS' OTHER INTERESTS
Capital accounts 300,000 300,000
543,934 493,879

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 243,934 193,879
Members' other interests 300,000 300,000
543,934 493,879

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 31st October 2025.

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 notes form part of these financial statements

Page 2 continued...
Accounts & Tax Centre (Southwest) LLP (Registered number: OC434425)
Trading as ATC Advisors

Balance Sheet - continued
31st October 2025


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

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 16th June 2026 and were signed by:




P J M Stevenson - Designated member




Mrs S A Gay - Designated member


The notes form part of these financial statements

Page 3
Accounts & Tax Centre (Southwest) LLP (Registered number: OC434425)
Trading as ATC Advisors

Notes to the Financial Statements
for the Year Ended 31st October 2025

1. STATUTORY INFORMATION

Accounts & Tax Centre (Southwest) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 2023, is being amortised evenly over its estimated useful life of ten 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 35 (2024 - 30 ) .

Page 4 continued...
Accounts & Tax Centre (Southwest) LLP (Registered number: OC434425)
Trading as ATC Advisors

Notes to the Financial Statements - continued
for the Year Ended 31st October 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2024 136,843
Additions 6,026
At 31st October 2025 142,869
AMORTISATION
At 1st November 2024 10,969
Charge for year 14,366
At 31st October 2025 25,335
NET BOOK VALUE
At 31st October 2025 117,534
At 31st October 2024 125,874

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2024 3,419 165,309 168,728
Additions - 3,656 3,656
At 31st October 2025 3,419 168,965 172,384
DEPRECIATION
At 1st November 2024 761 91,506 92,267
Charge for year 228 32,356 32,584
At 31st October 2025 989 123,862 124,851
NET BOOK VALUE
At 31st October 2025 2,430 45,103 47,533
At 31st October 2024 2,658 73,803 76,461

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 216,256 194,985
Other debtors 38,713 39,411
254,969 234,396

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 53,392 46,026
Taxation and social security 300,983 293,145
Other creditors 44,532 42,081
398,907 381,252

Page 5 continued...
Accounts & Tax Centre (Southwest) LLP (Registered number: OC434425)
Trading as ATC Advisors

Notes to the Financial Statements - continued
for the Year Ended 31st October 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 29,042 77,783

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

The members introduced capital into the business and have retained profits, after taxation. Both these items are treated as debt owed by the business and rank equally with other unsecured creditors.

Page 6