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REGISTERED NUMBER: 06963563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Liddell + Associates Limited

Liddell + Associates Limited (Registered number: 06963563)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Liddell + Associates Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R J Liddell





SECRETARY: R J Liddell





REGISTERED OFFICE: Stuart House
The Back
Chepstow
Monmouthshire
NP16 5HH





REGISTERED NUMBER: 06963563 (England and Wales)





ACCOUNTANTS: Chepstow Accountancy Services Limited

Liddell + Associates Limited (Registered number: 06963563)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517 609

CURRENT ASSETS
Stocks 7,283 19,350
Debtors 5 6,241 18,433
Cash at bank 18,396 21,971
31,920 59,754
CREDITORS
Amounts falling due within one year 6 12,286 16,587
NET CURRENT ASSETS 19,634 43,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,151

43,776

PROVISIONS FOR LIABILITIES 98 116
NET ASSETS 20,053 43,660

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 20,003 43,610
20,053 43,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:



R J Liddell - Director


Liddell + Associates Limited (Registered number: 06963563)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Liddell + Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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 3 (2023 - 3 ) .

Liddell + Associates Limited (Registered number: 06963563)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 12,923
DEPRECIATION
At 1 August 2023 12,314
Charge for year 92
At 31 July 2024 12,406
NET BOOK VALUE
At 31 July 2024 517
At 31 July 2023 609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,520 18,022
Other debtors 4,721 411
6,241 18,433

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 7,279 15,067
Other creditors 5,007 1,520
12,286 16,587