REGISTERED NUMBER: 05663944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 5 APRIL 2025

FOR

LIBERTY CARE LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C D Lewis

Mrs S L Lewis

Mr G T Lewis

SECRETARY:

Compassion & Liberty Care Limited

REGISTERED OFFICE:

Newbridge House

75-77 High Street

Blackwood

Caerphilly

NP12 1BA

REGISTERED NUMBER:

05663944 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Property, plant and equipment

4

4,312,716

3,547,559

CURRENT ASSETS

Debtors

5

1,321,696

377,660

Cash at bank and in hand

856,776

1,075,460

2,178,472

1,453,120

CREDITORS

Amounts falling due within one year

6

926,563

504,243

NET CURRENT ASSETS

1,251,909

948,877

TOTAL ASSETS LESS CURRENT LIABILITIES

5,564,625

4,496,436

CREDITORS

Amounts falling due after more than one year

7

(764,341

)

(587,280

)

PROVISIONS FOR LIABILITIES

(117,376

)

(99,699

)

NET ASSETS

4,682,908

3,809,457

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

4,682,907

3,809,456

4,682,908

3,809,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

Mr C D Lewis - Director

Mrs S L Lewis - Director

Mr G T Lewis - Director

1.	STATUTORY INFORMATION

Liberty Care 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 represents contracted fees raised to the local authorities and accrued income, excluding value added tax, for domiciliary care services provided to its residents.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost-excluding land at 0%

Improvements to property

-

at varying rates on cost

Fixtures and fittings

-

at variable rates on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 261 (2023 - 276 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

3,660,915

773,473

4,434,388

Additions

650,888

355,891

1,006,779

Disposals

(32,729

)

-

(32,729

)

At 5 April 2025

4,279,074

1,129,364

5,408,438

DEPRECIATION

At 1 January 2024

450,840

435,989

886,829

Charge for period

105,622

103,271

208,893

At 5 April 2025

556,462

539,260

1,095,722

NET BOOK VALUE

At 5 April 2025

3,722,612

590,104

4,312,716

At 31 December 2023

3,210,075

337,484

3,547,559

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

49,350

Additions

300,500

At 5 April 2025

349,850

DEPRECIATION

At 1 January 2024

20,357

Charge for period

20,357

At 5 April 2025

40,714

NET BOOK VALUE

At 5 April 2025

309,136

At 31 December 2023

28,993

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

31/12/23

£

£

Trade debtors

670,117

251,550

Other debtors

24,986

5,690

Directors' current accounts

293,442

6,227

Accrued income & credit notes

198,726

33,164

Prepayments

134,425

81,029

1,321,696

377,660

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

31/12/23

£

£

Bank loans and overdrafts

173,731

148,786

Hire purchase contracts (see note 8)

16,382

15,263

Trade creditors

115,422

79,764

Taxation and social security

516,333

149,082

Other creditors

104,695

111,348

926,563

504,243

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5/4/25

31/12/23

£

£

Bank loans

529,380

577,944

Hire purchase contracts (see note 8)

234,961

9,336

764,341

587,280

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

170,779

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

5/4/25

31/12/23

£

£

Net obligations repayable:

Within one year

16,382

15,263

Between one and five years

234,961

9,336

251,343

24,599

Non-cancellable operating

leases

5/4/25

31/12/23

£

£

Within one year

260,089

217,339

Between one and five years

205,312

210,436

465,401

427,775

Operating lease commitments mainly relates to 3 to 4 year terms for vehicles and office equipment.

9.	SECURED DEBTS

The following secured debts are included within creditors:

5/4/25

31/12/23

£

£

Bank loans

703,111

726,730

Hire purchase contracts

251,343

-

954,454

726,730

Finance lease and/or hire purchase liabilities are secured against the assets to which they relate.

National Westminster Bank plc hold the following legal charges over the company assets:

- a debenture over the fixed and floating assets of the business.

- a legal mortgage charge over the freehold properties, fixtures & fittings and equipment of the company.

The company has also provided a guarantee of £1,100,000 to the bank relating to the secured borrowings within the holding company, Compassion & Liberty Care Limited.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

05/04/25

31/12/23

value:

£

£

75

Ordinary A

£0.005

0.375

0.375

75

Ordinary B

£0.005

0.375

0.375

40

Ordinary C

£0.005

0.200

0.200

10

Ordinary D

£0.005

0.050

0.050

1.00

1.00

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 5 April 2025 and the year ended 31 December 2023:

5/4/25

31/12/23

£

£

Mr C D Lewis and Mrs S L Lewis

Balance outstanding at start of period

6,227

-

Amounts advanced

293,441

6,227

Amounts repaid

(6,227

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

293,441

6,227

The directors loan(s) are repayable on demand.