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REGISTERED NUMBER: 06803003 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

Liberty Foster Care Limited

Liberty Foster Care Limited (Registered number: 06803003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Liberty Foster Care Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J A Harper





REGISTERED OFFICE: Passfield Business Centre
Lynchborough Road
Passfield
Liphook
Hampshire
GU30 7SB





REGISTERED NUMBER: 06803003 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Liberty Foster Care Limited (Registered number: 06803003)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,705 19,960

CURRENT ASSETS
Debtors 5 394,471 597,381
Cash at bank 1,471,576 1,104,258
1,866,047 1,701,639
CREDITORS
Amounts falling due within one year 6 180,053 214,328
NET CURRENT ASSETS 1,685,994 1,487,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,729,699

1,507,271

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,728,699 1,506,271
SHAREHOLDERS' FUNDS 1,729,699 1,507,271

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

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

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 director and authorised for issue on 28 October 2024 and were signed by:





J A Harper - Director


Liberty Foster Care Limited (Registered number: 06803003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Liberty Foster 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.

Turnover
Turnover represents the value of services supplied to clients, excluding value added tax, and is recognised on completion of specific services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

Taxation
Taxation for the year is recognised as 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 not recognised in respect of timing differences that may have originated but not been reversed at the balance sheet date since the amount is not considered to be material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 4,358 - 35,680 40,038
Additions 305 35,570 1,021 36,896
At 31 January 2024 4,663 35,570 36,701 76,934
DEPRECIATION
At 1 February 2023 1,490 - 18,588 20,078
Charge for year 635 8,893 3,623 13,151
At 31 January 2024 2,125 8,893 22,211 33,229
NET BOOK VALUE
At 31 January 2024 2,538 26,677 14,490 43,705
At 31 January 2023 2,868 - 17,092 19,960

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 116,621 36,591
Other debtors 277,850 560,790
394,471 597,381

Liberty Foster Care Limited (Registered number: 06803003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 60,639 56,112
Taxation and social security 113,063 150,823
Other creditors 6,351 7,393
180,053 214,328

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
J A Harper
Balance outstanding at start of year 394,749 472,789
Amounts advanced 232,578 236,960
Amounts repaid (485,000 ) (315,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 142,327 394,749