Liberty Lifestyles Limited

Liberty Lifestyles Limited
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	11,549	13,938
		11,549	13,938
Current assets
Debtors	4	3,876	3,875
Cash at bank and in hand		58	440
		3,934	4,315
Creditors: amount falling due within one year	5	(22,848)	(21,693)
Net current assets		(18,914)	(17,378)

Total assets less current liabilities		(7,365)	(3,440)
Creditors: amount falling due after more than one year	6	(5,927)	(9,958)
Provisions for liabilities	7	2,624	2,644
Net assets		(10,668)	(10,754)

Capital and reserves
Called up share capital		2	2
Profit and loss account		(10,670)	(10,756)
Shareholders' funds		(10,668)	(10,754)

For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 08 September 2025 and were signed on its behalf by:

-------------------------------
Kirsty King
Director

Liberty Lifestyles Limited
Notes to the Financial Statements
For the year ended 31 January 2025

General Information

Liberty Lifestyles Limited is a private company, limited by shares, registered in England and Wales, registration number 13155520, registration address 20 Briar Lea Road, Mortimer Common, Reading, Berkshire, RG7 3SA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.

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 - 15% on reducing balance

Computer equipment - 33% on reducing balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Employees Average number of employees during the year was 7 (2024 : 7).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 February 2024	16,995	4,518	21,513
Additions	-	-	-
Disposals	-	-	-
At 31 January 2025	16,995	4,518	21,513
Depreciation
At 01 February 2024	4,716	2,859	7,575
Charge for year	1,842	547	2,389
On disposals	-	-	-
At 31 January 2025	6,558	3,406	9,964
Net book values
Closing balance as at 31 January 2025	10,437	1,112	11,549
Opening balance as at 01 February 2024	12,279	1,659	13,938

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	941	460
Other Debtors	2,935	3,415
	3,876	3,875

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	1,457	315
Social Security and Other Tax	5,080	4,811
Accruals and Deferred Income	-	200
Other Creditors	6,774	6,519
Hire Purchase - less than 1 year	4,031	3,399
Directors' Current Accounts	5,506	6,449
	22,848	21,693

Creditors: amount falling due after more than one year

	2025 £	2024 £
Hire Purchase - 1-2 years	5,927	4,031
Hire Purchase - 2-5 years	-	5,927
	5,927	9,958

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	(2,624)		(2,644)
	(2,624)		(2,644)

Registered Number: 13155520
England and Wales
LIBERTY LIFESTYLES LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 February 2024 End date: 31 January 2025