2022-02-01 2023-01-31 false Capium Accounts Production 1.1 13155520 bus:FullAccounts 2022-02-01 2023-01-31 13155520 bus:FRS102 2022-02-01 2023-01-31 13155520 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13155520 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 13155520 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13155520 2022-02-01 2023-01-31 13155520 2023-01-31 13155520 bus:RegisteredOffice 2022-02-01 2023-01-31 13155520 core:WithinOneYear 2023-01-31 13155520 core:AfterOneYear 2023-01-31 13155520 bus:Director1 2022-02-01 2023-01-31 13155520 bus:Director1 2023-01-31 13155520 bus:Director1 2021-01-25 2022-01-31 13155520 2021-01-25 13155520 bus:CompanySecretary1 2022-02-01 2023-01-31 13155520 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 13155520 2021-01-25 2022-01-31 13155520 2022-01-31 13155520 core:WithinOneYear 2022-01-31 13155520 core:AfterOneYear 2022-01-31 13155520 bus:EntityAccountantsOrAuditors 2021-01-25 2022-01-31 13155520 core:PlantMachinery 2022-02-01 2023-01-31 13155520 core:PlantMachinery 2023-01-31 13155520 core:PlantMachinery 2022-01-31 13155520 core:ComputerEquipment 2022-02-01 2023-01-31 13155520 core:ComputerEquipment 2023-01-31 13155520 core:ComputerEquipment 2022-01-31 13155520 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 13155520 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-01-31 13155520 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 13155520 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 13155520 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-01-31 13155520 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 13155520 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 13155520 core:Non-currentFinancialInstruments 2023-01-31 13155520 core:Non-currentFinancialInstruments 2022-01-31 13155520 core:ShareCapital 2023-01-31 13155520 core:ShareCapital 2022-01-31 13155520 core:RetainedEarningsAccumulatedLosses 2023-01-31 13155520 core:RetainedEarningsAccumulatedLosses 2022-01-31 13155520 core:RetainedEarningsAccumulatedLosses 2022-02-01 13155520 core:RetainedEarningsAccumulatedLosses 2021-01-25 13155520 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 13155520 core:RetainedEarningsAccumulatedLosses 2021-01-25 2022-01-31 13155520 core:RetainedEarningsAccumulatedLosses 2023-01-31 13155520 core:RetainedEarningsAccumulatedLosses 2022-01-31 13155520 dpl:Item1 2022-02-01 13155520 dpl:Item1 2023-01-31 13155520 dpl:Item1 2021-01-25 13155520 dpl:Item1 2022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13155520
England and Wales

 

 

 

LIBERTY LIFESTYLES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
Director Kirsty King
Registered Number 13155520
Registered Office 71-75 Shelton Street
Covent Garden
Greater London
WC2H 9JQ
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 January 2023.
Principal activities
The principal activity of the company in the year under review was that of lifestyle support services.
Directors
The directors who served the company throughout the year were as follows:
Kirsty King

Hayley Wallace - Resigned on 08/09/2022
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected Kirsty King to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 including Section 1A on "Small Entities". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently

make judgements and accounting estimates that are reasonable and prudent

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.
































This report was approved by the board and signed on its behalf by:


----------------------------------
Kirsty King
Director

Date approved: 31 January 2023
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Liberty Lifestyles Limited for the year ended year ended 31 January 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Liberty Lifestyles Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Liberty Lifestyles Limited and state those matters that we have agreed to state to the director of Liberty Lifestyles Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Liberty Lifestyles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Liberty Lifestyles Limited. You consider that Liberty Lifestyles Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Liberty Lifestyles Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
Melanie Curtis Accountants Ltd
100 Berskhire Place
Winnersh Wokingham
RG41 5RD
31 March 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 16,247    2,439 
16,247    2,439 
Current assets      
Debtors 4 4,025    1,153 
Cash at bank and in hand 3,429    1,796 
7,454    2,949 
Creditors: amount falling due within one year 5 (22,765)   (13,544)
Net current liabilities (15,311)   (10,595)
 
Total assets less current liabilities 936    (8,156)
Creditors: amount falling due after more than one year 6 (13,357)  
Provisions for liabilities 7 2,474    1,708 
Net liabilities (9,947)   (6,448)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (9,949)   (6,450)
Shareholder's funds (9,947)   (6,448)
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 January 2023 and were signed on its behalf by:


-------------------------------
Kirsty King
Director
4
  Retained Earnings   Total
£ £
Profit for the year (6,450) (6,450)
Total comprehensive income for the year (6,450) (6,450)
Total investments by and distributions to owners
At 31 January 2022 (6,450) (6,450)
At 01 February 2022 (6,450) (6,450)
Profit for the year (3,499) (3,499)
Total comprehensive income for the year (3,499) (3,499)
Total investments by and distributions to owners
At 31 January 2023 (9,949) (9,949)
5
General Information
Liberty Lifestyles Limited is a private company, limited by shares, registered in England and Wales, registration number 13155520, registration address 71-75 Shelton Street, Covent Garden, Greater London, WC2H 9JQ.

The presentation currency is £ sterling.
1.

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. 
Fundamental uncertainties
The company meets its day to day working capital requirements partially through the support of its creditors. The directors have considered the projected cash flow information for the company during the foreseeable post year-end period. On the basis of this cash flow information and discussions with the company's creditor, the directors consider that the company will continue to operate within the available finance facilities. However the margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to this matter. On this basis, the directors consider it appropriate to
prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the company's creditors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
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.
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 - 15% on reducing balance
Computer equipment - 33% on reducing balance 
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Employees

The average number of employees during the year was 11.
Average number of employees during the year was 11 (2022 : 11).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 February 2022   3,664    3,664 
Additions 16,995    249    17,244 
Disposals    
At 31 January 2023 16,995    3,913    20,908 
Depreciation
At 01 February 2022   1,225    1,225 
Charge for year 2,549    887    3,436 
On disposals    
At 31 January 2023 2,549    2,112    4,661 
Net book values
Closing balance as at 31 January 2023 14,446    1,801    16,247 
Opening balance as at 01 February 2022   2,439    2,439 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 781    240 
Prepayments & Accrued Income   913 
Other Debtors 3,244   
4,025    1,153 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 2,634    444 
Social Security and Taxes 2,117   
Accruals and Deferred Income 202    720 
Other Creditors 8,150   
Hire Purchase Less than 1 Year 2,767   
Directors' Current Accounts 6,895    12,380 
22,765    13,544 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Hire Purchase 1-2 years 3,399   
Hire Purchase 2-5 years 9,958   
13,357   

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax (2,474)   (1,708)
(2,474)   (1,708)

6