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REGISTERED NUMBER: 05663944 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LIBERTY CARE LIMITED

LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LIBERTY CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr C D Lewis
Mrs S L Lewis
Mr G T Lewis





SECRETARY: Compassion & Liberty Care Limited





REGISTERED OFFICE: Newbridge House
75-77 High Street
Blackwood
Caerphilly
NP12 1BA





REGISTERED NUMBER: 05663944 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,547,559 3,659,580

CURRENT ASSETS
Debtors 5 377,660 939,171
Cash at bank and in hand 1,075,460 498,619
1,453,120 1,437,790
CREDITORS
Amounts falling due within one year 6 504,243 535,773
NET CURRENT ASSETS 948,877 902,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,496,436

4,561,597

CREDITORS
Amounts falling due after more than one
year

7

(587,280

)

(755,493

)

PROVISIONS FOR LIABILITIES (99,699 ) (86,270 )
NET ASSETS 3,809,457 3,719,834

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 3,809,456 3,719,833
3,809,457 3,719,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 24 July 2024 and were signed on its behalf by:




Mr C D Lewis - Director Mrs S L Lewis - Director




Mr G T Lewis - Director


LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Liberty Care 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.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents contracted fees raised to the local authorities and accrued income, excluding value added tax, for domiciliary care services provided to its residents.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost-excluding land at 0%
Improvements to property - at varying rates on cost
Fixtures and fittings - at variable rates on reducing balance
Computer equipment - 33% on 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 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.

LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 276 (2022 - 246 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 3,660,915 708,171 4,369,086
Additions - 65,302 65,302
At 31 December 2023 3,660,915 773,473 4,434,388
DEPRECIATION
At 1 January 2023 377,622 331,884 709,506
Charge for year 73,218 104,105 177,323
At 31 December 2023 450,840 435,989 886,829
NET BOOK VALUE
At 31 December 2023 3,210,075 337,484 3,547,559
At 31 December 2022 3,283,293 376,287 3,659,580

LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 49,350
DEPRECIATION
At 1 January 2023 4,071
Charge for year 16,286
At 31 December 2023 20,357
NET BOOK VALUE
At 31 December 2023 28,993
At 31 December 2022 45,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 251,550 692,266
Other debtors 5,690 5,038
Directors' current accounts 6,227 -
Accrued income & credit notes 33,164 206,953
Prepayments 81,029 34,914
377,660 939,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 148,786 140,815
Hire purchase contracts (see note 8) 15,263 12,500
Trade creditors 79,764 81,817
Taxation and social security 149,082 195,787
Other creditors 111,348 104,854
504,243 535,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 577,944 729,742
Hire purchase contracts (see note 8) 9,336 25,751
587,280 755,493

LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/12/23 31/12/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 170,779 223,584

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/12/23 31/12/22
£    £   
Net obligations repayable:
Within one year 15,263 12,500
Between one and five years 9,336 25,751
24,599 38,251

Non-cancellable operating leases
31/12/23 31/12/22
£    £   
Within one year 217,339 171,295
Between one and five years 210,436 102,699
427,775 273,994

Operating lease commitments mainly relates to 3 to 4 year lease term vehicles and office equipment.

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank loans 726,730 870,557

National Westminster Bank plc hold the following legal charges over the company assets:

- a debenture over the fixed and floating assets of the business.
- a legal mortgage charge over the freehold properties, fixtures & fittings and equipment of the company.

The company has also provided a guarantee of £1,100,000 to the bank relating to the secured borrowings within the holding company, Compassion & Liberty Care Limited.

LIBERTY CARE LIMITED (REGISTERED NUMBER: 05663944)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £ £
75 Ordinary A £0.005 0.375 0.375
75 Ordinary B £0.005 0.375 0.375
40 Ordinary C £0.005 0.200 0.200
10 Ordinary D £0.005 0.050 0.050
1.00 1.00


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Mr C D Lewis and Mrs S L Lewis
Balance outstanding at start of year - -
Amounts advanced 6,227 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,227 -

The directors loan(s) are repayable on demand.