REGISTERED NUMBER: 08138377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Liquona Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O C Hall

M J Day

REGISTERED OFFICE:

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY

REGISTERED NUMBER:

08138377 (England and Wales)

ACCOUNTANTS:

Crossmount

Ludford House

23 Carlton Park Avenue

Raynes Park

London

SW20 8BJ

FIXED ASSETS

Tangible assets

4

36,630

67,459

CURRENT ASSETS

Debtors

5

145,829

115,355

Prepayments and accrued income

8,159

11,324

Cash at bank

256,779

508,897

410,767

635,576

CREDITORS

Amounts falling due within one year

6

211,977

336,540

NET CURRENT ASSETS

198,790

299,036

TOTAL ASSETS LESS CURRENT LIABILITIES

235,420

366,495

PROVISIONS FOR LIABILITIES

8

9,157

16,865

NET ASSETS

226,263

349,630

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

226,163

349,530

SHAREHOLDERS' FUNDS

226,263

349,630

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 6 August 2025 and were signed on its behalf by:

O C Hall - Director

M J Day - Director

1.	STATUTORY INFORMATION

Liquona Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery 33% straight line

Motor vehicles 33% reducing balance

Lease improvements 25% straight line

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company makes contributions into personal pension schemes of each director. Contributions payable 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 14 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

274,593

Additions

6,290

Disposals

(13,627

)

At 31 December 2024

267,256

DEPRECIATION

At 1 January 2024

207,134

Charge for year

36,493

Eliminated on disposal

(13,001

)

At 31 December 2024

230,626

NET BOOK VALUE

At 31 December 2024

36,630

At 31 December 2023

67,459

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

125,903

95,429

Other debtors

19,926

19,926

145,829

115,355

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

12,499

39,922

Taxation and social security

71,631

160,793

Other creditors

127,847

135,825

211,977

336,540

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

52,408

49,815

Between one and five years

-

140,540

52,408

190,355

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

9,157

16,865

Deferred

tax

£

Balance at 1 January 2024

16,865

Credit to Statement of Income and Retained Earnings during year

(7,708

)

Balance at 31 December 2024

9,157

9.	PENSION COMMITMENTS

The company makes contributions into personal pension schemes of each director and provides a workplace pension scheme for employees. Contributions payable are charged to profit or loss in the period to which they relate.