Acorah Software Products - Accounts Production 16.1.300 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 04525203 Mr C Losh Mrs B Losh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04525203 2024-02-29 04525203 2025-02-28 04525203 2024-03-01 2025-02-28 04525203 frs-core:CurrentFinancialInstruments 2025-02-28 04525203 frs-core:ComputerEquipment 2024-03-01 2025-02-28 04525203 frs-core:LandBuildings 2025-02-28 04525203 frs-core:LandBuildings 2024-03-01 2025-02-28 04525203 frs-core:LandBuildings 2024-02-29 04525203 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 04525203 frs-core:PlantMachinery 2025-02-28 04525203 frs-core:PlantMachinery 2024-03-01 2025-02-28 04525203 frs-core:PlantMachinery 2024-02-29 04525203 frs-core:ShareCapital 2025-02-28 04525203 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 04525203 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04525203 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 04525203 frs-bus:SmallEntities 2024-03-01 2025-02-28 04525203 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 04525203 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04525203 frs-bus:Director1 2024-03-01 2025-02-28 04525203 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 04525203 frs-countries:EnglandWales 2024-03-01 2025-02-28 04525203 2023-02-28 04525203 2024-02-29 04525203 2023-03-01 2024-02-29 04525203 frs-core:CurrentFinancialInstruments 2024-02-29 04525203 frs-core:ShareCapital 2024-02-29 04525203 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 04525203
Liquid Publications Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Merranti Accounting Ltd
10 Scandia Hus Business Park Felcourt Road
Felcourt
East Grinstead
Surrey
RH19 2LP
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Mr C Losh
Secretary Mrs B Losh
Company Number 04525203
Registered Office 23 Southdown Road
Shoreham By Sea
West Sussex
BN43 5AL
Accountants Merranti Accounting Ltd
10 Scandia Hus Business Park Felcourt Road
Felcourt
East Grinstead
Surrey
RH19 2LP
Page 1
Page 2
Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Liquid Publications Limited for the year ended 28 February 2025 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
This report is made solely to the director of Liquid Publications Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Liquid Publications Limited and state those matters that we have agreed to state to the director of Liquid Publications Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Liquid Publications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Liquid Publications Limited . You consider that Liquid Publications Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Liquid Publications Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Signed
28 March 2025
Merranti Accounting Ltd
10 Scandia Hus Business Park Felcourt Road
Felcourt
East Grinstead
Surrey
RH19 2LP
Page 2
Page 3
Balance Sheet
Registered number: 04525203
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,893 4,222
3,893 4,222
CURRENT ASSETS
Debtors 5 3,477 5,161
Cash at bank and in hand 56,358 57,347
59,835 62,508
Creditors: Amounts Falling Due Within One Year 6 (3,672 ) (3,679 )
NET CURRENT ASSETS (LIABILITIES) 56,163 58,829
TOTAL ASSETS LESS CURRENT LIABILITIES 60,056 63,051
NET ASSETS 60,056 63,051
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 60,054 63,049
SHAREHOLDERS' FUNDS 60,056 63,051
Page 3
Page 4
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr C Losh
Director
28 March 2025
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Liquid Publications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04525203 . The registered office is 23 Southdown Road, Shoreham By Sea, West Sussex, BN43 5AL.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold Not provided
Plant & Machinery 33% on reducing balance
Computer Equipment 33% on reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors not under contract, during the year was as follows: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 March 2024 3,221 22,607 25,828
As at 28 February 2025 3,221 22,607 25,828
Depreciation
As at 1 March 2024 - 21,606 21,606
Provided during the period - 329 329
As at 28 February 2025 - 21,935 21,935
...CONTINUED
Page 5
Page 6
Net Book Value
As at 28 February 2025 3,221 672 3,893
As at 1 March 2024 3,221 1,001 4,222
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,548 3,240
Other debtors 1,929 1,921
3,477 5,161
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 3,169 2,882
Taxation and social security 503 797
3,672 3,679
Page 6