Registered number
08832763
Libra Design and Consultancy Limited
Filleted Accounts
31 January 2025
Libra Design and Consultancy Limited
Registered number: 08832763
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1 147
Current assets
Debtors 4 11,565 3,517
Cash at bank and in hand 49 17,985
11,614 21,502
Creditors: amounts falling due within one year 5 (708) (2,678)
Net current assets 10,906 18,824
Net assets 10,907 18,971
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,807 18,871
Shareholders' funds 10,907 18,971
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mark Moorby
Director
Approved by the board on 18 February 2025
Libra Design and Consultancy Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company - 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 6,482
At 31 January 2025 6,482
Depreciation
At 1 February 2024 6,335
Charge for the year 146
At 31 January 2025 6,481
Net book value
At 31 January 2025 1
At 31 January 2024 147
4 Debtors 2025 2024
£ £
Trade debtors - 3,295
Other debtors 11,565 222
11,565 3,517
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs - 1,481
Other creditors 708 1,197
708 2,678
6 Other information
Libra Design and Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Appleby Close
Hoghton
Preston
Lancashire
PR5 0BE
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