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Registered number: 04078962
Liquid Agency Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04078962
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 635,610 644,947
635,610 644,947
CURRENT ASSETS
Debtors 5 55,825 57,075
Cash at bank and in hand 200,626 368,212
256,451 425,287
Creditors: Amounts Falling Due Within One Year 6 (150,229 ) (214,229 )
NET CURRENT ASSETS (LIABILITIES) 106,222 211,058
TOTAL ASSETS LESS CURRENT LIABILITIES 741,832 856,005
Creditors: Amounts Falling Due After More Than One Year 7 (331,102 ) (377,102 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,303 ) (7,303 )
NET ASSETS 403,427 471,600
CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Profit and Loss Account 403,327 471,500
SHAREHOLDERS' FUNDS 403,427 471,600
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Steven McGauley
Director
30th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Liquid Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04078962 . The registered office is Camp and Furnace, 67 Greenland Street, Liverpool, L1 0BY.
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.
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:
Plant & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
Fixtures & Fittings 18% reducing balance
Computer Equipment 18% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 14)
7 14
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2022 593,077 4,322 54,321 32,413
As at 30 November 2023 593,077 4,322 54,321 32,413
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2022 - 3,194 39,990 15,047
Provided during the period - 203 2,580 3,126
As at 30 November 2023 - 3,397 42,570 18,173
Net Book Value
As at 30 November 2023 593,077 925 11,751 14,240
As at 1 December 2022 593,077 1,128 14,331 17,366
Computer Equipment Total
£ £
Cost
As at 1 December 2022 69,713 753,846
As at 30 November 2023 69,713 753,846
Depreciation
As at 1 December 2022 50,668 108,899
Provided during the period 3,428 9,337
As at 30 November 2023 54,096 118,236
Net Book Value
As at 30 November 2023 15,617 635,610
As at 1 December 2022 19,045 644,947
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 55,825 57,075
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 20,511 45,511
Bank loans and overdrafts 51,075 51,075
Other taxes and social security 3,401 12,401
VAT 61,857 91,857
Other creditors 13,385 13,385
150,229 214,229
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 331,102 377,102
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 50 50
Page 5