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REGISTERED NUMBER: 05105590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

LIQUID PUBLIC RELATIONS LIMITED

LIQUID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 05105590)

Contents of the Financial Statements
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIQUID PUBLIC RELATIONS LIMITED

Company Information
for the Year Ended 31st December 2024







DIRECTORS: Mrs E L Lewis-Jones
Mr D Colcombe





SECRETARY: Mrs E L Lewis-Jones





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 05105590 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

LIQUID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 05105590)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 104,483 138,449

CURRENT ASSETS
Stocks 5 17,707 2,770
Debtors 6 330,593 472,058
Cash at bank and in hand 92,343 148,929
440,643 623,757
CREDITORS
Amounts falling due within one year 7 309,875 499,231
NET CURRENT ASSETS 130,768 124,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,251

262,975

PROVISIONS FOR LIABILITIES 8 23,861 32,318
NET ASSETS 211,390 230,657

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 211,290 230,557
SHAREHOLDERS' FUNDS 211,390 230,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th June 2025 and were signed on its behalf by:





Mrs E L Lewis-Jones - Director


LIQUID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 05105590)

Notes to the Financial Statements
for the Year Ended 31st December 2024


1. STATUTORY INFORMATION

Liquid Public Relations 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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 26 (2023 - 31 ) .

LIQUID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 05105590)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024 297,870 44,369 342,239
Additions - 865 865
At 31st December 2024 297,870 45,234 343,104
DEPRECIATION
At 1st January 2024 177,255 26,535 203,790
Charge for year 30,155 4,676 34,831
At 31st December 2024 207,410 31,211 238,621
NET BOOK VALUE
At 31st December 2024 90,460 14,023 104,483
At 31st December 2023 120,615 17,834 138,449

5. STOCKS
2024 2023
£    £   
Work-in-progress 17,707 2,770

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,103 237,432
Other debtors 193,157 164,826
Prepayments 24,333 69,800
330,593 472,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,052 81,709
Tax 61,938 28,374
Social security and other taxes 16,820 44,700
VAT 2,997 -
Other creditors 161,793 158,023
Directors' current accounts 776 66,954
Accrued expenses 39,499 119,471
309,875 499,231

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 23,861 34,358
Tax losses carried forward - (2,040 )
23,861 32,318

LIQUID PUBLIC RELATIONS LIMITED (REGISTERED NUMBER: 05105590)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st January 2024 32,318
Provided during year (8,457 )
Balance at 31st December 2024 23,861

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,000 Ordinary A 0.01 80 80
2,000 Ordinary B 0.01 20 20
100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E L Lewis-Jones.