REGISTERED NUMBER: SO302825 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

Colledge & Shields LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

Mrs J C Colledge

Ms S M A Shields

REGISTERED OFFICE:

30 Castle Street

Dumfries

DUMFRIESSHIRE

DG1 1DU

REGISTERED NUMBER:

SO302825 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

4

26,103

25,187

CURRENT ASSETS

Work in Progress

8,500

8,500

Debtors

5

94,538

92,284

Cash at bank and in hand

184,814

163,786

287,852

264,570

CREDITORS

Amounts falling due within one year

6

(101,362

)

(79,778

)

NET CURRENT ASSETS

186,490

184,792

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

212,593

209,979

LOANS AND OTHER DEBTS DUE TO MEMBERS

212,593

209,979

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

212,593

209,979

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 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.

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 20th May 2026 and were signed by:

Mrs J C Colledge - Designated member

Ms S M A Shields - Designated member

1.	STATUTORY INFORMATION

Colledge & Shields LLP is registered in Scotland. 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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

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 work in progress to their present location and condition.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

38,045

Additions

916

At 31st March 2026

38,961

DEPRECIATION

At 1st April 2025

and 31st March 2026

12,858

NET BOOK VALUE

At 31st March 2026

26,103

At 31st March 2025

25,187

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

85,774

83,520

Other debtors

8,764

8,764

94,538

92,284

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

100,370

72,533

Other creditors

992

7,245

101,362

79,778