REGISTERED NUMBER: 02314163 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Liaison VAT Consultancy Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A S Armitage

B J Thew

SECRETARY:

B J Thew

REGISTERED OFFICE:

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

REGISTERED NUMBER:

02314163 (England and Wales)

AUDITORS:

Derek Young & Co Accountants LLP

Statutory Auditors

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Tangible assets

4

-

724

Investments

5

554,557

1,642

554,557

2,366

CURRENT ASSETS

Debtors

4,633,977

9,750,761

Cash at bank

320,662

224,926

4,954,639

9,975,687

CREDITORS

Amounts falling due within one year

1,032,312

723,827

NET CURRENT ASSETS

3,922,327

9,251,860

TOTAL ASSETS LESS CURRENT LIABILITIES

4,476,884

9,254,226

CAPITAL AND RESERVES

Called up share capital

6

2,000

2,000

Share premium

548,543

548,543

Retained earnings

3,926,341

8,703,683

SHAREHOLDERS' FUNDS

4,476,884

9,254,226

4,476,884

9,254,226

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 September 2025 and were signed on its behalf by:

A S Armitage - Director

1.	STATUTORY INFORMATION

Liaison VAT Consultancy 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.

Preparation of consolidated financial statements

The financial statements contain information about Liaison VAT Consultancy Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The financial statements do not contain any significant judgements or estimation uncertainty.

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 cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Revenue recognition

The company operates primarily on a contingency fee basis and recognises revenue when the service delivery value has been agreed.

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Investments

Investments are included at cost. Profits or losses arising from disposal of fixed asset investments are treated as part of the result from ordinary activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

16,629

Disposals

(12,488

)

At 31 December 2024

4,141

DEPRECIATION

At 1 January 2024

15,905

Charge for year

60

Eliminated on disposal

(11,824

)

At 31 December 2024

4,141

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

724

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

1,642

Additions

552,915

At 31 December 2024

554,557

NET BOOK VALUE

At 31 December 2024

554,557

At 31 December 2023

1,642

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200,000

Ordinary shares

£0.01

2,000

2,000

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Young BSc FCA (Senior Statutory Auditor)

for and on behalf of Derek Young & Co Accountants LLP

8.	CONTINGENT LIABILITIES

As part of the consideration for the acquisition of Infinity Health Limited on 1 February 2024, the Company agreed to a contingent earn-out payment of up to £300,000, payable subject to the achievement of certain performance targets over a period of 3 years following the acquisition.

As at the reporting date, the performance criteria required to trigger the earn-out are not expected to be met. Accordingly, no provision has been recognised in the financial statements. However, the potential liability remains contingent upon future events outside the control of the Company.

Management will continue to assess the likelihood of the earn-out becoming payable at each reporting date, and the contingent liability will be reassessed accordingly.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Liaison Financial Services Ltd (LFS).

Copies of the parent's consolidated financial statements can be obtained from Liaison Financial Services Limited. Estate House, Evesham Street, Redditch, Worcestershire, B97 4HP.

The ultimate controlling party is director B J Thew, by virtue of his 57% controlling interest in LFS.