Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 | ||||||
Investments | 5 | ||||||
Current assets | |||||||
Cash at bank and in hand | - | ||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current liabilities | ( |
( |
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Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 7 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
P J McLaughlin | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Freehold buildings | 3% | |||||||
Investments | ||||||||
Debtors | ||||||||
Creditors | ||||||||
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. | ||||||||
Exemption from preparing consolidated financial statements. | ||||||||
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts. | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Taxation | 2024 | 2023 | |||||
£ | £ | |||||||
Current year corporation tax charge | 30,631 | 24,239 | ||||||
Prior year tax adjustment | 17,961 | - | ||||||
Deferred Tax on timing differences | - | - | ||||||
48,592 | 24,239 | |||||||
4 | Tangible fixed assets | |||||||
Land and buildings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 July 2023 | ||||||||
At 30 June 2024 | ||||||||
Depreciation | ||||||||
At 1 July 2023 | ||||||||
Charge for the year | ||||||||
At 30 June 2024 | ||||||||
Net book value | ||||||||
At 30 June 2024 | ||||||||
At 30 June 2023 | ||||||||
5 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 July 2023 | ||||||||
At 30 June 2024 | ||||||||
The Company's investments at the balance sheet date in the share capital of companies including the following: Libra Scale Company Limited Registered office: 339 Exning Road Newmarket CB8 0AT Class of shares: Holdings(%) Oridnary 100% |
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6 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
Bank loans of £123,062 outstanding at 30 June 2024 (2023 - £134,727) are secured by a fixed charge over the freehold property and a first fixed floating charge over the remainder of the Company's assets. The interest charged on these loans are 3.27% and 3.32%. | ||||||||
7 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans | ||||||||
Other creditors | ||||||||
Bank loans of £981,092 outstanding at 30 June 2024 (2023 - £1,074,272) are secured by a fixed charge over the freehold property and a first fixed floating charge over the remainder of the Company's assets. The interest charged on these loans are 3.27% and 3.32%. | ||||||||
8 | Loans | 2024 | 2023 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Instalments falling due for payment after more than five years | 557,328 | 670,090 | ||||||
9 | Other information | |||||||
The Libra Scale Holdings Company Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
339 Exning Road | ||||||||
Newmarket | ||||||||
England | ||||||||
CB8 0AT |