Andersonbain LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SO303841 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Andersonbain LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Mr S Allan

Mr S M Bain

Mr C I Bell

Mrs A J Jackson

Mr R J Leith

Mr K W Rattray

Miss F Walker

Mrs L Youngson

REGISTERED OFFICE:

6, 8 & 10 Thistle Street

Aberdeen

AB10 1XZ

REGISTERED NUMBER:

SO303841 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

44,147

31,794

Investments

5

1

1

44,148

31,795

CURRENT ASSETS

Stocks

33,000

33,000

Debtors

6

446,659

417,391

Cash at bank and in hand

9,240,458

7,155,824

9,720,117

7,606,215

CREDITORS

Amounts falling due within one year

7

9,020,651

6,659,539

NET CURRENT ASSETS

699,466

946,676

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

743,614

978,471

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

743,614

978,471

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

743,614

978,471

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 31 March 2023.

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 5 July 2023 and were signed by:

Mr S Allan - Designated member

1.	STATUTORY INFORMATION

Andersonbain 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.

Long leasehold

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct labour costs and a percentage of overheads that have been incurred in bringing the

work in progress to its present condition.

Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to costs incurred at the reporting end date.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

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 52 (2022 - 51 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2022

163,666

480,346

27,653

671,665

Additions

-

12,184

28,982

41,166

Disposals

-

-

(21,353

)

(21,353

)

At 31 March 2023

163,666

492,530

35,282

691,478

DEPRECIATION

At 1 April 2022

163,666

448,552

27,653

639,871

Charge for year

-

21,568

7,245

28,813

Eliminated on disposal

-

-

(21,353

)

(21,353

)

At 31 March 2023

163,666

470,120

13,545

647,331

NET BOOK VALUE

At 31 March 2023

-

22,410

21,737

44,147

At 31 March 2022

-

31,794

-

31,794

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

1

NET BOOK VALUE

At 31 March 2023

1

At 31 March 2022

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

446,659

417,391

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

14,540

4,115

Taxation and social security

167,014

206,875

Other creditors

8,839,097

6,448,549

9,020,651

6,659,539

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors.