REGISTERED NUMBER: 11707222 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ISAAC LIBERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K L Riley

D C Wild

REGISTERED OFFICE:

Suite A Ground Floor, St Giles Court

24 Castle Street

Cambridge

Cambridgeshire

CB3 0AJ

REGISTERED NUMBER:

11707222 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

40,200

53,366

CURRENT ASSETS

Debtors

6

219,031

81,121

Cash and cash equivalents

100,117

44,257

319,148

125,378

CREDITORS

Amounts falling due within one year

7

(202,586

)

(58,722

)

NET CURRENT ASSETS

116,562

66,656

TOTAL ASSETS LESS CURRENT LIABILITIES

156,762

120,022

CREDITORS

Amounts falling due after more than one year

8

(31,260

)

(41,332

)

PROVISIONS FOR LIABILITIES

10

(10,050

)

(13,342

)

NET ASSETS

115,452

65,348

CAPITAL AND RESERVES

Called up share capital

11

2

1

Retained earnings

115,450

65,347

SHAREHOLDERS' FUNDS

115,452

65,348

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

D C Wild - Director

K L Riley - Director

1.	STATUTORY INFORMATION

Isaac Liberty 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income arising from the provision of chartered surveying and construction management services, including project management services and quantity surveying. Income is recognised in the period in which services are provided, in accordance with the stage of completion of each project and the terms of engagement with clients.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and Value Added Tax.

Tangible fixed assets

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

Plant and machinery

-

33.33% on cost

Fixtures and fittings

-

33.33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

77,260

Additions

2,922

At 31 December 2024

80,182

DEPRECIATION

At 1 January 2024

23,894

Charge for year

16,088

At 31 December 2024

39,982

NET BOOK VALUE

At 31 December 2024

40,200

At 31 December 2023

53,366

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

208,482

75,180

Other debtors

10,549

5,941

219,031

81,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Hire purchase contracts

10,072

10,116

Trade creditors

10,868

3,634

Taxation and social security

156,047

44,167

Other creditors

25,599

805

202,586

58,722

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Hire purchase contracts

31,260

41,332

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£

£

Hire purchase contracts

41,332

51,448

10.	PROVISIONS FOR LIABILITIES

2024

2023

as restated

£

£

Deferred tax

10,050

13,342

Deferred

tax

£

Balance at 1 January 2024

13,342

Provided during year

(3,292

)

Balance at 31 December 2024

10,050

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

170

Ordinary

1p

1

1

30

Ordinary B

1p

1

-

2

1

The following shares were issued during the year for cash at par :

70 Ordinary shares of 1p

30 B Ordinary shares of 1p

For reporting purposes only, the Ordinary share capital has been rounded down to £1 and the Ordinary B share capital rounded up to £1.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the directors were owed £8,921 (2023: £207). The amount bears no interest, is repayable on demand and included within creditors due in less than one year.