Allen, Briggs and Turner LLP - LLP accounts 24.3

REGISTERED NUMBER: OC457349 (England and Wales)

Allen, Briggs and Turner LLP

Report of the Members and

Unaudited Financial Statements

for the Period 1 September 2025 to 31 March 2026

Page

General information

1

Report of the members

2

Chartered accountants' report

3

Income statement

4

Statement of financial position

5

Reconciliation of members' interests

7

Notes to the financial statements

8

Designated members:

Miss M A Briggs

N J Turner

Mrs S V Allen

Registered office:

The Veterinary Surgery

36 Boston Road

Kirton

Boston

Lincolnshire

PE20 1DS

Registered number:

OC457349 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The members present their report with the financial statements of the LLP for the period 1 September 2025 to 31 March 2026.

Commencement of trading

The LLP was incorporated on 9 July 2025 and commenced trading on 1 October 2025.

Principal activity

The principal activity of the LLP in the period under review was that of veterinary services.

Designated members

The designated members during the period under review were:

Miss M A Briggs

N J Turner

Mrs S V Allen

Results for the period and allocation to members

The profit for the period before members' remuneration and profit shares was £72,363.

Members' interests

On behalf of the members:

Mrs S V Allen - Designated member

12 August 2026

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Allen, Briggs and Turner LLP for the period ended 31 March 2026 which comprise the Income statement, Statement of financial position, Reconciliation of members' interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Allen, Briggs and Turner LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allen, Briggs and Turner LLP and state those matters that we have agreed to state to the members of Allen, Briggs and Turner LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Allen, Briggs and Turner LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Allen, Briggs and Turner LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allen, Briggs and Turner LLP. You consider that Allen, Briggs and Turner LLP is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Allen, Briggs and Turner LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

12 August 2026

Turnover

1,321,246

Cost of sales

374,934

Gross profit

946,312

Administrative expenses

875,902

Operating profit

5

70,410

Interest receivable and similar income

1,953

Profit for the financial period before
members' remuneration and profit
shares

72,363

Profit for the financial period before
members' remuneration and profit
shares

72,363

Members' remuneration charged as an
expense

6

(24,928

)

Profit for the financial period available
for discretionary division among
members

47,435

Fixed assets

Intangible assets

7

579,896

Tangible assets

8

81,286

661,182

Current assets

Stocks

144,246

Debtors

9

244,250

Cash at bank and in hand

30,950

419,446

Creditors

Amounts falling due within one year

10

200,883

Net current assets

218,563

Total assets less current liabilities

and

Net assets attributable to members

879,745

Loans and other debts due to
members

11

129,745

Members' other interests

Capital accounts

750,000

879,745

Total members' interests

Loans and other debts due to members

11

129,745

Members' other interests

750,000

Amounts due from members

9

(150,658

)

729,087

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 period 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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 12 August 2026 and were signed by:

Miss M A Briggs - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 1 September 2025

-

Members' remuneration charged as an
expense, including employment and retirement
benefit costs

-

Profit for the financial period available for
discretionary division among members

-

47,435

Members' interests after profit for the period

-

47,435

Other divisions of profit

-

(47,435

)

(47,435

)

Introduced by members

750,000

-

750,000

Drawings on account and distributions of profit

-

Balance at 31 March 2026

750,000

-

750,000

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

-

Amount due from members

-

Balance at 1 September 2025

-

Members' remuneration charged as an
expense, including employment and retirement
benefit costs

24,928

Profit for the financial period available for
discretionary division among members

-

47,435

Members' interests after profit for the period

24,928

72,363

Other divisions of profit

47,435

-

Introduced by members

123,198

873,198

Drawings on account and distributions of profit

(169,039

)

(169,039

)

Amount due to members

129,745

Amount due from members

(150,658

)

Balance at 31 March 2026

26,522

776,522

1.	Statutory information

Allen, Briggs and Turner LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

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.

Veterinary equipment

-

15% reducing balance

Fixtures and fittings

-

33% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

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.

Turnover

The turnover represents the invoice value of goods and services provided during the year, exclusive of Value Added Tax

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of

financial position as assets and liabilities at the lower of the fair value of the assets and the

present value of the minimum lease payments, which is determined at the inception of the lease

term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding

lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Goodwill

Goodwill is included at valuation.

4.	Employee information

The average number of employees during the period was 30 .

5.	Operating profit

The operating profit is stated after charging:

£

Depreciation - owned assets

11,129

6.	Information in relation to members

£

Members' remuneration charged as an expense

Automatic division of profit

24,928

The average number of members during the period was

3

7.	Intangible fixed assets

Goodwill

£

Cost

At 1 September 2025

and 31 March 2026

579,896

Net book value

At 31 March 2026

579,896

At 31 August 2025

579,896

8.	Tangible fixed assets

Fixtures

Veterinary

and

Motor

Computer

equipment

fittings

vehicles

equipment

Totals

£

Cost

At 1 September 2025

195,936

84,206

62,515

20,954

363,611

Additions

1,753

2,898

-

1,222

5,873

At 31 March 2026

197,689

87,104

62,515

22,176

369,484

Depreciation

At 1 September 2025

136,303

78,751

48,080

13,935

277,069

Charge for period

6,403

1,035

2,105

1,586

11,129

At 31 March 2026

142,706

79,786

50,185

15,521

288,198

Net book value

At 31 March 2026

54,983

7,318

12,330

6,655

81,286

At 31 August 2025

59,633

5,455

14,435

7,019

86,542

9.

Debtors: amounts falling due within one year

£

Trade debtors

16,884

Amounts due from members

150,658

Other debtors

336

Prepayments and accrued income

76,372

244,250

10.

Creditors: amounts falling due within one year

£

Trade creditors

67,579

Social security and other taxes

21,616

VAT

91,866

Other creditors

144

Pension

8,406

Accruals and deferred income

11,272

200,883

11.

Loans and other debts due to members

£

Amounts owed to members in respect of profits

129,745

Falling due within one year

129,745