Libertas Networks Limited

Libertas Networks Limited
Statement of Financial Position
As at 28 February 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	11,011	11,270
		11,011	11,270
Current assets
Debtors	4	19,035	23,980
Cash at bank and in hand		5,410	298
		24,445	24,278
Creditors: amount falling due within one year	5	(22,184)	(13,284)
Net current assets		2,261	10,994

Total assets less current liabilities		13,272	22,264
Net assets		13,272	22,264

Capital and reserves
Called up share capital		10	10
Profit and loss account		13,262	22,254
Shareholders' funds		13,272	22,264

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director on 17 November 2025 and were signed by:

-------------------------------
Richard Peter Horsfall
Director

Libertas Networks Limited
Notes to the Financial Statements
For the year ended 28 February 2025

General Information

Libertas Networks Limited is a private company, limited by shares, registered in England and Wales, registration number 13907174, registration address 40 Melton Road (First Floor), Oakham, Rutland, LE15 6AY.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Office Equipment	15% Straight Line

2.	Average number of employees Average number of employees during the year was 1 (2024 : 0).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Office Equipment	Total
	£	£	£	£
At 01 March 2024	1,994	8,500	4,177	14,671
Additions	2,634	-	350	2,984
Disposals	-	-	-	-
At 28 February 2025	4,628	8,500	4,527	17,655
Depreciation
At 01 March 2024	83	2,789	529	3,401
Charge for year	1,136	1,428	679	3,243
On disposals	-	-	-	-
At 28 February 2025	1,219	4,217	1,208	6,644
Net book values
Closing balance as at 28 February 2025	3,409	4,283	3,319	11,011
Opening balance as at 01 March 2024	1,911	5,711	3,648	11,270

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	7,108	17,298
Herbs Loan	6,000	1,400
Esben Motorsport Loan	936	936
Other Debtors	4,991	4,346
	19,035	23,980

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	5,876	2,517
Taxation and Social Security	15,107	10,167
Other Creditors	1,201	600
	22,184	13,284

Registered Number: 13907174
England and Wales
LIBERTAS NETWORKS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 March 2024 End date: 28 February 2025