Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12105385 Mr Glyn Rowley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12105385 2023-07-31 12105385 2024-07-31 12105385 2023-08-01 2024-07-31 12105385 frs-core:CurrentFinancialInstruments 2024-07-31 12105385 frs-core:Non-currentFinancialInstruments 2024-07-31 12105385 frs-core:ComputerEquipment 2024-07-31 12105385 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12105385 frs-core:ComputerEquipment 2023-07-31 12105385 frs-core:FurnitureFittings 2024-07-31 12105385 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12105385 frs-core:FurnitureFittings 2023-07-31 12105385 frs-core:MotorVehicles 2024-07-31 12105385 frs-core:MotorVehicles 2023-08-01 2024-07-31 12105385 frs-core:MotorVehicles 2023-07-31 12105385 frs-core:ShareCapital 2024-07-31 12105385 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12105385 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12105385 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12105385 frs-bus:SmallEntities 2023-08-01 2024-07-31 12105385 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12105385 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12105385 frs-bus:Director1 2023-08-01 2024-07-31 12105385 frs-countries:EnglandWales 2023-08-01 2024-07-31 12105385 2022-07-31 12105385 2023-07-31 12105385 2022-08-01 2023-07-31 12105385 frs-core:CurrentFinancialInstruments 2023-07-31 12105385 frs-core:Non-currentFinancialInstruments 2023-07-31 12105385 frs-core:ShareCapital 2023-07-31 12105385 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12105385 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 12105385
Libertas Complete Outsource Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Dual Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12105385
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,960 92,448
32,960 92,448
CURRENT ASSETS
Debtors 5 54,561 87,243
Cash at bank and in hand 18,368 187,618
72,929 274,861
Creditors: Amounts Falling Due Within One Year 6 (73,883 ) (211,039 )
NET CURRENT ASSETS (LIABILITIES) (954 ) 63,822
TOTAL ASSETS LESS CURRENT LIABILITIES 32,006 156,270
Creditors: Amounts Falling Due After More Than One Year 7 (60,586 ) (76,824 )
NET (LIABILITIES)/ASSETS (28,580 ) 79,446
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (28,680 ) 79,346
SHAREHOLDERS' FUNDS (28,580) 79,446
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Glyn Rowley
Director
09/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Libertas Complete Outsource Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12105385 . The registered office is Woodland Lodge Dunston Business Village, Stafford Road, Dunston, Staffordshire, ST18 9AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 94981
Fixtures & Fittings 10495
Computer Equipment 3640
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 235,902 22,239 6,086 264,227
Additions 4,948 - - 4,948
Disposals (42,690 ) - - (42,690 )
As at 31 July 2024 198,160 22,239 6,086 226,485
Depreciation
As at 1 August 2023 153,905 13,363 4,511 171,779
Provided during the period 58,976 4,285 1,175 64,436
Disposals (42,690 ) - - (42,690 )
As at 31 July 2024 170,191 17,648 5,686 193,525
...CONTINUED
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Page 4
Net Book Value
As at 31 July 2024 27,969 4,591 400 32,960
As at 1 August 2023 81,997 8,876 1,575 92,448
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,678 86,859
Other taxes and social security 883 384
54,561 87,243
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 547 15,792
VAT 3,793 7,591
Other creditors - 38,802
Other creditors (1) - (186 )
Accruals and deferred income 4,500 4,500
Director's loan account 65,043 144,540
73,883 211,039
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 72,586 76,824
Other loans (12,000 ) -
60,586 76,824
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4