The Small Limited Liability Partnerships (Accounts) Regulations 2008

Goodwill(Formats 1 and 2, item A.I.1.)Amounts representing goodwill must only be included to the extent that the goodwill was acquired for valuable consideration.

Other intangible assets(Formats 1 and 2, item A.I.2.)Amounts in respect of concessions, patents, licences, trade marks and similar rights and assets must only be included in an LLP's balance sheet under this item if either—the assets were acquired for valuable consideration and are not required to be shown under goodwill, orthe assets in question were created by the LLP itself.

Debtors(Formats 1 and 2, items B.II.1 to 3.)The amount falling due after more than one year must be shown separately for each item included under debtors and, in the case of format 2, the aggregate amount falling due after more than one year must also be shown.

Prepayments and accrued income(Formats 1 and 2, item C.)This item may alternatively be included under item B.II.3 in Format 1 or 2.

Other creditors(Format 1, items D.4, G.4 and I and Format 2, items D.4 and E.)There must be shown separately—the amount of any convertible loans, andthe amount for creditors in respect of taxation and social security.Payments received on account of orders must be included in so far as they are not shown as deductions from stocks.In Format 1, accruals and deferred income may be shown under item I or included under item D.4 or G.4, or both (as the case may require). In Format 2, accruals and deferred income may be shown under item E or within item D.4 under Liabilities.

Net current assets (liabilities)(Format 1, item E.)In determining the amount to be shown under this item any prepayments and accrued income must be taken into account wherever shown.

Loans and other debts due to members(Format 1, item J and Format 2, Liabilities item A)The following amounts must be shown separately under this item—the aggregate amount of money advanced to the LLP by the members by way of loan,the aggregate amount of money owed to members by the LLP in respect of profits,any other amounts.

Creditors(Format 2, Liabilities items D.1 to 4.)Amounts falling due within one year and after one year must be shown separately for each of these items and for the aggregate of all of these items...

Cost of sales: distribution costs: administrative expenses(Format 1, items 2, 4 and 5.)These items must be stated after taking into account any necessary provisions for depreciation or diminution in value of assets.

Income from other fixed asset investments: other interest receivable and similar income(Format 1, items 9 and 10; Format 2, items 11 and 12.)Income and interest derived from group undertakings must be shown separately from income and interest derived from other sources. Interest receivable from members must not be included under this item.

Interest payable and similar expenses(Format 1, item 12; Format 2, item 14.)The amount payable to group undertakings must be shown separately. Interest payable to members must not be included under this item.

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Creditors(Format 2, item D under Capital, Reserves and Liabilities)Aggregate amounts falling due within one year and after one year must be shown separately.

Turnover

Other income

Cost of raw materials and consumables

Staff costs

Depreciation and other amounts written off assets

Other charges

Tax

Profit or loss for the financial year before members’ remuneration and profit shares