Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3022022-05-01falseThe principal activity of the company continued to be that of developing and manufacturing a new skincaretreatment.2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04326347 2022-05-01 2023-04-30 04326347 2021-05-01 2022-04-30 04326347 2023-04-30 04326347 2022-04-30 04326347 2021-05-01 04326347 c:Director1 2022-05-01 2023-04-30 04326347 d:ComputerEquipment 2022-05-01 2023-04-30 04326347 d:ComputerEquipment 2023-04-30 04326347 d:ComputerEquipment 2022-04-30 04326347 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 04326347 d:PatentsTrademarksLicencesConcessionsSimilar 2022-05-01 2023-04-30 04326347 d:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 04326347 d:PatentsTrademarksLicencesConcessionsSimilar 2022-04-30 04326347 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-05-01 2023-04-30 04326347 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 04326347 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-30 04326347 d:CurrentFinancialInstruments 2023-04-30 04326347 d:CurrentFinancialInstruments 2022-04-30 04326347 d:Non-currentFinancialInstruments 2023-04-30 04326347 d:Non-currentFinancialInstruments 2022-04-30 04326347 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04326347 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 04326347 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 04326347 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 04326347 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 04326347 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 04326347 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 04326347 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 04326347 d:ShareCapital 2022-05-01 2023-04-30 04326347 d:ShareCapital 2023-04-30 04326347 d:ShareCapital 2022-04-30 04326347 d:ShareCapital 2021-05-01 04326347 d:SharePremium 2022-05-01 2023-04-30 04326347 d:SharePremium 2023-04-30 04326347 d:SharePremium 2022-04-30 04326347 d:SharePremium 2021-05-01 04326347 d:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 04326347 d:RetainedEarningsAccumulatedLosses 2023-04-30 04326347 d:RetainedEarningsAccumulatedLosses 2021-05-01 2022-04-30 04326347 d:RetainedEarningsAccumulatedLosses 2022-04-30 04326347 d:RetainedEarningsAccumulatedLosses 2021-05-01 04326347 c:FRS102 2022-05-01 2023-04-30 04326347 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 04326347 c:FullAccounts 2022-05-01 2023-04-30 04326347 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04326347 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-05-01 2023-04-30 04326347 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-05-01 2023-04-30 04326347 d:ExternallyAcquiredIntangibleAssets 2022-05-01 2023-04-30 04326347 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-05-01 2023-04-30 04326347 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-05-01 2023-04-30 04326347 e:PoundSterling 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 04326347










LIEBER LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
LIEBER LIMITED
REGISTERED NUMBER:04326347

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,496
13,634

Tangible assets
 5 
306
459

  
12,802
14,093

Current assets
  

Stocks
 6 
83,938
51,169

Debtors: amounts falling due within one year
 7 
11,151
10,468

Cash at bank and in hand
  
27,196
11,156

  
122,285
72,793

Creditors: amounts falling due within one year
 8 
(1,856,618)
(1,589,427)

Net current liabilities
  
 
 
(1,734,333)
 
 
(1,516,634)

Total assets less current liabilities
  
(1,721,531)
(1,502,541)

Creditors: amounts falling due after more than one year
  
(37,794)
-

  

Net liabilities
  
(1,759,325)
(1,502,541)


Capital and reserves
  

Called up share capital 
  
1,053
1,000

Share premium account
  
23,990
23,990

Profit and loss account
  
(1,784,368)
(1,527,531)

  
(1,759,325)
(1,502,541)


Page 1

 
LIEBER LIMITED
REGISTERED NUMBER:04326347
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D L S Lieber
Director

Date: 12 April 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
LIEBER LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 May 2021
1,000
23,990
(1,233,250)
(1,208,260)


Comprehensive income for the year

Loss for the year
-
-
(294,281)
(294,281)



At 1 May 2022
1,000
23,990
(1,527,531)
(1,502,541)


Comprehensive income for the year

Loss for the year
-
-
(256,837)
(256,837)


Contributions by and distributions to owners

Shares issued during the year
53
-
-
53


At 30 April 2023
1,053
23,990
(1,784,368)
(1,759,325)


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

The Company is a private company limited by shares and incorporated in England and Wales, registration number 04326347. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis which is considered appropriate as the director will continue to provide support for the company to meet its forecast liabilities as they fall due.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Patents
-
10 years
Website development
-
3 years

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in
Page 6

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)

the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 7

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Intangible assets




Patents
Website development
Total

£
£
£



Cost


At 1 May 2022
22,744
61,231
83,975


Additions
305
-
305



At 30 April 2023

23,049
61,231
84,280



Amortisation


At 1 May 2022
9,110
61,231
70,341


Charge for the year on owned assets
1,443
-
1,443



At 30 April 2023

10,553
61,231
71,784



Net book value



At 30 April 2023
12,496
-
12,496



At 30 April 2022
13,634
-
13,634



Page 8

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2022
2,146



At 30 April 2023

2,146



Depreciation


At 1 May 2022
1,687


Charge for the year on owned assets
153



At 30 April 2023

1,840



Net book value



At 30 April 2023
306



At 30 April 2022
459


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
83,938
51,169



7.


Debtors

2023
2022
£
£


Trade debtors
4,471
1,645

Other debtors
5,830
7,995

Prepayments and accrued income
850
828

11,151
10,468


Page 9

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
8,998
-

Trade creditors
48,164
47,854

Other taxation and social security
9,488
22,644

Other creditors
1,784,818
1,513,779

Accruals and deferred income
5,150
5,150

1,856,618
1,589,427



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
37,794
-

37,794
-


Page 10

 
LIEBER LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
8,998
-


8,998
-

Amounts falling due 1-2 years

Bank loans
8,999
-


8,999
-

Amounts falling due 2-5 years

Bank loans
28,795
-


28,795
-


46,792
-



11.


Related party transactions

Included in other creditors is an amount of £1,780,887 (2022: £1,513,779) owed to the director, this amount was interest free and repayable on demand.

 
Page 11