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REGISTERED NUMBER: 11079147 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Librands Limited
Librands Limited (Registered number: 11079147)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Librands Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: N Bussell





REGISTERED OFFICE: Moore
6th Floor
Whitefriars Lewins Mead
Bristol
BS1 2NT





REGISTERED NUMBER: 11079147 (England and Wales)
Page 1
Librands Limited (Registered number: 11079147)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 992 1,109
992 1,109

CURRENT ASSETS
Stocks 59,622 58,036
Debtors 6 6,474 16,212
Cash at bank 111,715 100,492
177,811 174,740
CREDITORS
Amounts falling due within one year 7 142,079 151,349
NET CURRENT ASSETS 35,732 23,391
TOTAL ASSETS LESS CURRENT
LIABILITIES
36,724
24,500

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 36,624 24,400
SHAREHOLDERS' FUNDS 36,724 24,500

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 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 29 September 2025 and were signed by:





N Bussell - Director


The notes form part of these financial statements

Page 2
Librands Limited (Registered number: 11079147)

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

1. STATUTORY INFORMATION

Librands 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2023 - 1 ) .

Page 3 continued...
Librands Limited (Registered number: 11079147)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 100,000
AMORTISATION
At 1 January 2024
and 31 December 2024 100,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024 6,700
Additions 201
At 31 December 2024 6,901
DEPRECIATION
At 1 January 2024 5,591
Charge for year 318
At 31 December 2024 5,909
NET BOOK VALUE
At 31 December 2024 992
At 31 December 2023 1,109

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,474 16,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 462 -
Trade creditors 8,518 12,386
Tax 5,891 1,393
VAT 418 52
Williams Autos Ltd 91,266 98,212
Other creditors 1,799 655
Directors' current accounts 22,900 12,900
Accrued expenses 10,825 25,751
142,079 151,349

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Page 4 continued...
Librands Limited (Registered number: 11079147)

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

9. RESERVES
Retained
earnings
£   

At 1 January 2024 24,400
Profit for the year 22,224
Dividends (10,000 )
At 31 December 2024 36,624

10. RELATED PARTY DISCLOSURES

Included in Other Creditors is £22,900 (2023: £12,900) which is owed by the company to Mr N Bussell, a director of the company. There is no fixed repayment plan and no interest is being charged.

Page 5