Pickering & Butters LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC342063

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		69,087		63,714

			69,087		63,714
CURRENT ASSETS
Stocks		139,768		81,403
Debtors	5	1,297,121		1,113,308
Cash at bank and in hand		1,441,218		1,592,372

		2,878,107		2,787,083
Creditors: Amounts Falling Due Within One Year	6	(677,255 )		(614,992 )

NET CURRENT ASSETS (LIABILITIES)			2,200,852		2,172,091

TOTAL ASSETS LESS CURRENT LIABILITIES			2,269,939		2,235,805

NET ASSETS ATTRIBUTABLE TO MEMBERS			2,269,939		2,235,805

REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability		665,258		578,367

			665,258		578,367

Equity
Members' other interests
Members' capital		35		34
Other reserves		1,604,646		1,657,404

			1,604,681		1,657,438

			2,269,939		2,235,805

TOTAL MEMBERS' INTEREST
Loans and other debts due to members			665,258		578,367
Members' other interests			1,604,681		1,657,438

			2,269,939		2,235,805

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Page 2

Pickering & Butters LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mrs J T Boulter

Designated Member

30 September 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Pickering & Butters LLP is a limited liability partnership, incorporated in England & Wales, registered number OC342063 . The Registered Office is 19 Greengate Street, Stafford, Staffordshire, ST16 2LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

The financial statements are presented in sterling which is the functional currency of the LLP and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of legal and related services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the chargeable hours undertaken.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable

Interest income is recognised using the effective interest method.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Leasehold	Straight line over 4 years
Plant & Machinery	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	Straight line over 3years

2.4. Stocks and Work in Progress

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

2.5. 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.

2.6. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.7. 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.

2.8. Loans and other debts due to members

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

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Pickering & Butters LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 45 (2025: 42)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2025	13,153	366,337	379,490
Additions	-	24,512	24,512

As at 31 March 2026	13,153	390,849	404,002

Depreciation
As at 1 April 2025	13,153	302,623	315,776
Provided during the period	-	19,139	19,139

As at 31 March 2026	13,153	321,762	334,915

Net Book Value
As at 31 March 2026	-	69,087	69,087

As at 1 April 2025	-	63,714	63,714

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	224,227	202,793
Amounts recoverable on contracts	885,865	744,208
Prepayments and accrued income	181,545	162,914
Other debtors	5,484	3,393

	1,297,121	1,113,308

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	154,102	89,603
Bank loans and overdrafts	38,472	12,249
VAT	61,266	76,783
Other creditors	378	378
Accruals and deferred income	423,037	435,979

	677,255	614,992

7. Other Commitments

Total financial commitments and contingencies which are not included in the balance sheet amount to £157,595 (2025 £201,815).

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