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REGISTERED NUMBER: 10849402 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Liberty PR Limited

Liberty PR Limited (Registered number: 10849402)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Liberty PR Limited (Registered number: 10849402)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 537 1,069
Tangible assets 5 14,426 17,431
14,963 18,500

CURRENT ASSETS
Stocks - 22,000
Debtors 162,371 137,921
162,371 159,921
CREDITORS
Amounts falling due within one year 172,822 169,824
NET CURRENT LIABILITIES (10,451 ) (9,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,512

8,597

PROVISIONS FOR LIABILITIES 3,607 3,312
NET ASSETS 905 5,285

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 903 5,283
SHAREHOLDERS' FUNDS 905 5,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Liberty PR Limited (Registered number: 10849402)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




L C Jolly - Director



D Watts - Director


Liberty PR Limited (Registered number: 10849402)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Liberty PR Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10849402

Registered office: 39 The Point
Market Harborough
Leicestershire
LE16 7QU

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Liberty PR Limited (Registered number: 10849402)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 1,596
AMORTISATION
At 1 July 2023 527
Amortisation for year 532
At 30 June 2024 1,059
NET BOOK VALUE

At 30 June 2024 537
At 30 June 2023 1,069

Liberty PR Limited (Registered number: 10849402)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 44,271
Additions 5,200
At 30 June 2024 49,471
DEPRECIATION
At 1 July 2023 26,840
Charge for year 8,205
At 30 June 2024 35,045
NET BOOK VALUE
At 30 June 2024 14,426
At 30 June 2023 17,431