1 March 2022 false No description of principal activity Taxfiler 2023.10 11197812business:PrivateLimitedCompanyLtd2022-03-012023-02-28 111978122022-02-28 111978122022-03-012023-02-28 11197812business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 11197812business:FilletedAccounts2022-03-012023-02-28 111978122023-02-28 11197812business:Director12022-03-012023-02-28 11197812business:Director22022-03-012023-02-28 11197812business:RegisteredOffice2022-03-012023-02-28 111978122022-02-28 11197812core:WithinOneYear2023-02-28 11197812core:WithinOneYear2022-02-28 11197812core:AfterOneYear2023-02-28 11197812core:AfterOneYear2022-02-28 11197812core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11197812core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 11197812core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-02-28 11197812core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-02-28 11197812core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11197812core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 11197812core:PreviouslyStatedAmount2023-02-28 11197812core:PreviouslyStatedAmount2022-02-28 11197812business:SmallEntities2022-03-012023-02-28 11197812countries:EnglandWales2022-03-012023-02-28 11197812core:LandBuildings2022-03-012023-02-28 11197812core:MotorVehicles2022-03-012023-02-28 11197812core:ComputerEquipment2022-03-012023-02-28 11197812core:IntangibleAssetsOtherThanGoodwill2022-02-28 11197812core:IntangibleAssetsOtherThanGoodwill2023-02-28 11197812core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-28 11197812core:LandBuildings2022-02-28 11197812core:MotorVehicles2022-02-28 11197812core:ComputerEquipment2022-02-28 11197812core:LandBuildings2023-02-28 11197812core:MotorVehicles2023-02-28 11197812core:ComputerEquipment2023-02-28 111978122021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11197812 (England and Wales)
Liquid Art Group Limited Unaudited accounts for the year ended 28 February 2023
Liquid Art Group Limited Company Information for the year ended 28 February 2023
Directors
James Fennell Oliver Calveley
Company Number
11197812 (England and Wales)
Registered Office
50 Micklegate Selby YO8 4EQ England
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Liquid Art Group Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
(3,343)
Tangible assets
70,275 
140,337 
70,275 
136,994 
Current assets
Debtors
74,926 
80,462 
Cash at bank and in hand
21,573 
24,489 
96,499 
104,951 
Creditors: amounts falling due within one year
(55,304)
(85,894)
Net current assets
41,195 
19,057 
Total assets less current liabilities
111,470 
156,051 
Creditors: amounts falling due after more than one year
(155,147)
(155,902)
Net (liabilities)/assets
(43,677)
149 
Capital and reserves
Called up share capital
16 
2 
Capital redemption reserve
(99,996)
- 
Profit and loss account
56,303 
147 
Shareholders' funds
(43,677)
149 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by
James Fennell Director Company Registration No. 11197812
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Liquid Art Group Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Liquid Art Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11197812. The registered office is 50 Micklegate, Selby, YO8 4EQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
9 Years
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
15,334 
At 28 February 2023
15,334 
Amortisation
At 1 March 2022
18,677 
Charge for the year
(3,343)
At 28 February 2023
15,334 
Net book value
At 28 February 2023
- 
At 28 February 2022
(3,343)
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Liquid Art Group Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
278,000 
56,216 
3,896 
338,112 
Disposals
(133,000)
(10,500)
- 
(143,500)
At 28 February 2023
145,000 
45,716 
3,896 
194,612 
Depreciation
At 1 March 2022
169,222 
24,554 
3,999 
197,775 
Charge for the year
16,111 
5,291 
- 
21,402 
On disposals
(88,667)
(6,070)
(103)
(94,840)
At 28 February 2023
96,666 
23,775 
3,896 
124,337 
Net book value
At 28 February 2023
48,334 
21,941 
- 
70,275 
At 28 February 2022
108,778 
31,662 
(103)
140,337 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
74,926 
73,302 
Amounts falling due after more than one year
Other debtors
- 
7,160 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,451 
30,800 
Trade creditors
5,610 
22,745 
Taxes and social security
38,243 
32,251 
Other creditors
- 
98 
55,304 
85,894 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
155,147 
155,902 
9
Average number of employees
During the year the average number of employees was 4 (2022: 2).
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