Liberty QS Limited iXBRL

Liberty QS Limited

Abridged Unaudited Financial Statements

for the financial year ended 30 June 2025

Liberty QS Limited

Company Registration Number: 09110282

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 30 June 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

3,118

4,574

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Current Assets

Receivables

183,323

127,299

Cash and cash equivalents

181,888

86,259

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365,211

213,558

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Payables: amounts falling due within one year

(269,604)

(201,959)

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Net Current Assets

95,607

11,599

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Total Assets less Current Liabilities

98,725

16,173

Payables:

amounts falling due after more than one year

(10,506)

Provisions for liabilities

(780)

747

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Net Assets

97,945

6,414

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Capital and Reserves

Called up share capital

100

100

Retained earnings

97,845

6,314

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Equity attributable to owners of the company

97,945

6,414

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 25 November 2025 and signed on its behalf by



________________________________
Stuart Nigel Harrison
Director

Liberty QS Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 30 June 2025

General Information

Liberty QS Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 09110282. The registered office of the company is Maidstone Innovation Centre, Office 26 Gidds Pond Lane, Kent Medical Campus, Maidstone, Kent, ME14 5FY which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 June 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax for quantity surveying services.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Computer equipment

33.33% Straight line

Furniture and fittings

33.33% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing

Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Employees

The average monthly number of employees, including directors, during the financial year was 9, (2024 - 9).

2025

2024

Number

Number

Average number of persons employed

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4.	Property, plant and equipment
		Computer	Furniture and	Total
		equipment	fittings

		£	£	£
	Cost
	At 1 July 2024	25,100	7,096	32,196
	Additions	2,412	-	2,412
		─────────	─────────	─────────
	At 30 June 2025	27,512	7,096	34,608
		─────────	─────────	─────────
	Depreciation
	At 1 July 2024	20,548	7,074	27,622
	Charge for the financial year	3,846	22	3,868
		─────────	─────────	─────────
	At 30 June 2025	24,394	7,096	31,490
		─────────	─────────	─────────
	Net book value
	At 30 June 2025	3,118	-	3,118
		═════════	═════════	═════════
	At 30 June 2024	4,552	22	4,574
		═════════	═════════	═════════

Parent company

The company regards Liberty QS Holdings Limited as its parent company.