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REGISTERED NUMBER: 11168373 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2021 to 31 December 2021

for

Liberty Leisure Group Ltd

Liberty Leisure Group Ltd (Registered number: 11168373)






Contents of the Financial Statements
for the Period 1 February 2021 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Liberty Leisure Group Ltd

Company Information
for the Period 1 February 2021 to 31 December 2021







DIRECTORS: A M Whiteley
B Duffield





SECRETARY:





REGISTERED OFFICE: Unit 7
Hartwith Way
Harrogate
HG£ 2XA





REGISTERED NUMBER: 11168373 (England and Wales)





ACCOUNTANTS: Bulmer & Co
2 Mount Parade
Harrogate
Yorkshire
HG1 1BX

Liberty Leisure Group Ltd (Registered number: 11168373)

Balance Sheet
31 December 2021

31.12.21 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,949 86,452

CURRENT ASSETS
Stocks 2,302,889 1,516,817
Debtors: amounts falling due within
one year

5

81,804

690,009
Cash at bank 1,115,984 663,037
3,500,677 2,869,863
CREDITORS
Amounts falling due within one year 6 2,373,708 1,984,865
NET CURRENT ASSETS 1,126,969 884,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,200,918

971,450

Liberty Leisure Group Ltd (Registered number: 11168373)

Balance Sheet - continued
31 December 2021

31.12.21 31.1.21
Notes £    £    £    £   
CREDITORS
Amounts falling due after more than
one year

7

-

45,833

PROVISIONS FOR LIABILITIES 8,120 12,510

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,192,698 913,007
11 1,192,798 913,107
1,200,918 971,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Liberty Leisure Group Ltd (Registered number: 11168373)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2022 and were signed on its behalf by:




A M Whiteley - Director



B Duffield - Director


Liberty Leisure Group Ltd (Registered number: 11168373)

Notes to the Financial Statements
for the Period 1 February 2021 to 31 December 2021

1. STATUTORY INFORMATION

Liberty Leisure Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Liberty Leisure Group Ltd (Registered number: 11168373)

Notes to the Financial Statements - continued
for the Period 1 February 2021 to 31 December 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2021 - 7 ) .

Liberty Leisure Group Ltd (Registered number: 11168373)

Notes to the Financial Statements - continued
for the Period 1 February 2021 to 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2021 29,333 112,638 141,971
Additions - 9,887 9,887
At 31 December 2021 29,333 122,525 151,858
DEPRECIATION
At 1 February 2021 13,200 42,319 55,519
Charge for period 4,400 17,990 22,390
At 31 December 2021 17,600 60,309 77,909
NET BOOK VALUE
At 31 December 2021 11,733 62,216 73,949
At 31 January 2021 16,133 70,319 86,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.21 31.1.21
£    £   
Trade debtors 13,250 662,736
Other debtors 68,554 27,273
81,804 690,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.21 31.1.21
£    £   
Bank loans and overdrafts - 4,167
Payments on account 392,311 319,870
Trade creditors 1,273,117 1,307,879
Taxation and social security 146,721 125,094
Other creditors 561,559 227,855
2,373,708 1,984,865

Liberty Leisure Group Ltd (Registered number: 11168373)

Notes to the Financial Statements - continued
for the Period 1 February 2021 to 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.21 31.1.21
£    £   
Bank loans - 45,833

8. OTHER FINANCIAL COMMITMENTS

The Company entered into a lease on 1 February 2018 for a period of 6 years for a rent of £14,400 per annum , this has increases to £15,500 er annum as from 1 February 2021.

The company also has a lease monthly commitment that requires a 6 month notice period at a £1,000 per month.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr A Whiteley was overdrawn at the year end by £190 , this was repaid in full on 27th October 2021

10. RELATED PARTY DISCLOSURES

During the period the company paid consultants fees of £55,000 (31/01/21 £60,00) to Impact Sales Training Limited, a company Mr A Whiteley is a director and shareholder of. These were in the normal course of business and at arms length

The company was owed £13250 by Motorhomes North Limited at the period end, a company which both Mr A Whiteley and Mr B Duffield is a director and shareholder of.

11. RECONCILIATION OF MOVEMENTS IN RESERVES
31.12.21 31.1.21
£    £   
Profit for the financial period 584,071 518,391
Dividends (304,380 ) (145,800 )
279,691 372,591
Opening Share Holders Funds - 540,516
Net addition to reserves 279,691 913,107
Opening reserves 913,107 -
Closing reserves 1,192,798 913,107