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REGISTERED NUMBER: 07244610 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Libra Europe Consulting Ltd

Libra Europe Consulting Ltd (Registered number: 07244610)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Libra Europe Consulting Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr R J Heward
Mr T J Kershaw
Mrs S Kershaw





SECRETARY: Mr R J Heward





REGISTERED OFFICE: 5 Piccadilly Place
Manchester
M1 3BR





REGISTERED NUMBER: 07244610 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Libra Europe Consulting Ltd (Registered number: 07244610)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,983 -
Investments 5 1,000 1,000
5,983 1,000

CURRENT ASSETS
Debtors 6 466,855 714,871
Cash at bank 243,279 627,709
710,134 1,342,580
CREDITORS
Amounts falling due within one year 7 425,612 986,563
NET CURRENT ASSETS 284,522 356,017
TOTAL ASSETS LESS CURRENT LIABILITIES 290,505 357,017

PROVISIONS FOR LIABILITIES 1,246 -
NET ASSETS 289,259 357,017

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 288,259 356,017
289,259 357,017

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Libra Europe Consulting Ltd (Registered number: 07244610)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





Mr R J Heward - Director


Libra Europe Consulting Ltd (Registered number: 07244610)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Libra Europe Consulting 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.
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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.

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 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.

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.

Libra Europe Consulting Ltd (Registered number: 07244610)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 5,885
At 31 May 2024 5,885
DEPRECIATION
Charge for year 902
At 31 May 2024 902
NET BOOK VALUE
At 31 May 2024 4,983

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 June 2023
and 31 May 2024 1,000
NET BOOK VALUE
At 31 May 2024 1,000
At 31 May 2023 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 410,328 714,871
Other debtors 56,527 -
466,855 714,871

Libra Europe Consulting Ltd (Registered number: 07244610)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 74,133 207,862
Taxation and social security 278,674 641,687
Other creditors 72,805 137,014
425,612 986,563