Company Registration No. 9580466 (England and Wales)
Liberate Estimating Limited
Unaudited accounts
for the year ended 31 March 2025
Liberate Estimating Limited
Unaudited accounts
Contents
Liberate Estimating Limited
Company Information
for the year ended 31 March 2025
Company Number
9580466 (England and Wales)
Registered Office
14 Upper Bourne Lane
Farnham
Surrey
GU10 4RQ
Accountants
Ashby & Company
Flat 5
2 Courts Hill Road
Haslemere
Surrey
GU27 2EG
Liberate Estimating Limited
Statement of financial position
as at 31 March 2025
Intangible assets
14,289
17,443
Cash at bank and in hand
17,896
12,804
Creditors: amounts falling due within one year
(29,673)
(28,779)
Net current assets
4,323
1,598
Total assets less current liabilities
18,612
19,041
Provisions for liabilities
Deferred tax
(2,715)
(3,314)
Called up share capital
100
100
Profit and loss account
15,797
15,627
Shareholders' funds
15,897
15,727
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 December 2025 and were signed on its behalf by
S.J. Hassall
Director
Company Registration No. 9580466
Liberate Estimating Limited
Notes to the Accounts
for the year ended 31 March 2025
Liberate Estimating Limited is a private company, limited by shares, registered in England and Wales, registration number 9580466. The registered office is 14 Upper Bourne Lane, Farnham, Surrey, GU10 4RQ.
These financial statements have been prepared in accordance with the provisions of FRS 102 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. There were no material departures from the financial reporting standard.
The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company.
Turnover represents the net invoiced value of business software development and services, excluding VAT.
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Intangible fixed assets comprise software development costs amortised over ten years on a straight line basis.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Basic financial instruments are recognised at amortised cost.
3
Intangible fixed assets
Other
Liberate Estimating Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
8,000
10,083
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,989
2,403
Other creditors
26,637
24,812
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
1,650
1,750
1,650
1,750
The loan to the director is unsecured, interest free and repayable on demand. The amount outstanding at the balance sheet date has been repaid in full.
8
Transactions with related parties
Related Party Under Common Control
At 31 March 2025 the company owed £ 29,061 (2024 : £ 26,561) to Landpro Limited, a company related by common control. The amount payable is unsecured, interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).