IRIS Accounts Production v24.1.0.578 05697621 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056976212023-03-31056976212024-03-31056976212023-04-012024-03-31056976212022-03-31056976212022-04-012023-03-31056976212023-03-3105697621ns15:EnglandWales2023-04-012024-03-3105697621ns14:PoundSterling2023-04-012024-03-3105697621ns10:Director12023-04-012024-03-3105697621ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105697621ns10:SmallEntities2023-04-012024-03-3105697621ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105697621ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105697621ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105697621ns10:FullAccounts2023-04-012024-03-3105697621ns10:RegisteredOffice2023-04-012024-03-3105697621ns5:CurrentFinancialInstruments2024-03-3105697621ns5:CurrentFinancialInstruments2023-03-3105697621ns5:Non-currentFinancialInstruments2024-03-3105697621ns5:Non-currentFinancialInstruments2023-03-3105697621ns5:ShareCapital2024-03-3105697621ns5:ShareCapital2023-03-3105697621ns5:RetainedEarningsAccumulatedLosses2024-03-3105697621ns5:RetainedEarningsAccumulatedLosses2023-03-3105697621ns5:FurnitureFittings2023-04-012024-03-3105697621ns5:FurnitureFittings2023-03-3105697621ns5:FurnitureFittings2024-03-3105697621ns5:FurnitureFittings2023-03-3105697621ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105697621ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05697621 (England and Wales)
















Liagem Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Liagem Limited (Registered number: 05697621)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Liagem Limited

Company Information
for the Year Ended 31st March 2024







Director: Mr K J Rist





Registered office: 28 Fir Tree Close
Flitwick
Bedfordshire
MK45 1NZ





Registered number: 05697621 (England and Wales)






Liagem Limited (Registered number: 05697621)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,297 614

Current assets
Debtors 5 5,346 5,226
Cash at bank 37,552 18,299
42,898 23,525
Creditors
Amounts falling due within one year 6 9,976 6,029
Net current assets 32,922 17,496
Total assets less current liabilities 34,219 18,110

Creditors
Amounts falling due after more than one
year

7

(140

)

-

Provisions for liabilities (246 ) (117 )
Net assets 33,833 17,993

Capital and reserves
Called up share capital 100 100
Retained earnings 33,733 17,893
33,833 17,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Liagem Limited (Registered number: 05697621)

Statement of Financial Position - continued
31st March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th July 2024 and were signed by:





Mr K J Rist - Director


Liagem Limited (Registered number: 05697621)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Liagem Limited 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 represents the total value of fees earned during the year.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Liagem Limited (Registered number: 05697621)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st April 2023 2,293
Additions 1,138
Disposals (369 )
At 31st March 2024 3,062
Depreciation
At 1st April 2023 1,679
Charge for year 432
Eliminated on disposal (346 )
At 31st March 2024 1,765
Net book value
At 31st March 2024 1,297
At 31st March 2023 614

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 5,061 5,027
Other debtors 285 199
5,346 5,226

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 9,255 5,434
Other creditors 721 595
9,976 6,029

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 140 -