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Registered Number: 13907174
England and Wales

 

 

 

LIBERTAS NETWORKS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 11,270    10,240 
11,270    10,240 
Current assets      
Debtors 5 23,980    18,141 
Cash at bank and in hand 298    6,476 
24,278    24,617 
Creditors: amount falling due within one year 6 (13,284)   (8,379)
Net current assets 10,994    16,238 
 
Total assets less current liabilities 22,264    26,478 
Net assets 22,264    26,478 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 22,254    26,468 
Shareholders' funds 22,264    26,478 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 25 November 2024 and were signed by:


-------------------------------
Richard Peter Horsfall
Director
1
General Information
Libertas Networks Limited is a private company, limited by shares, registered in England and Wales, registration number 13907174, registration address 40 Melton Road (First Floor), Oakham, Rutland, LE15 6AY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Office Equipment 15% Straight Line
2.

Directors' Emoluments

2024   2023
 

3.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Office Equipment   Total
  £   £   £   £
At 01 March 2023   8,500    2,727    11,227 
Additions 1,994      1,450    3,444 
Disposals      
At 29 February 2024 1,994    8,500    4,177    14,671 
Depreciation
At 01 March 2023   885    102    987 
Charge for year 83    1,904    427    2,414 
On disposals      
At 29 February 2024 83    2,789    529    3,401 
Net book values
Closing balance as at 29 February 2024 1,911    5,711    3,648    11,270 
Opening balance as at 01 March 2023   7,615    2,625    10,240 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 17,298    16,205 
Other Debtors 6,682    1,936 
23,980    18,141 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 2,517    210 
Taxation and Social Security 4,634    3,694 
Other Creditors 6,133    4,475 
13,284    8,379 

2