IRIS Accounts Production v26.1.10.61 OC366044 designated member designated member 6.4.25 5.4.26 5.4.26 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC366044 2025-04-05 OC366044 2026-04-05 OC366044 2025-04-06 2026-04-05 OC366044 2024-04-05 OC366044 2024-04-06 2025-04-05 OC366044 2025-04-05 OC366044 ns15:EnglandWales 2025-04-06 2026-04-05 OC366044 ns14:PoundSterling 2025-04-06 2026-04-05 OC366044 ns10:PartnerLLP1 2025-04-06 2026-04-05 OC366044 ns10:PartnerLLP2 2025-04-06 2026-04-05 OC366044 ns10:LimitedLiabilityPartnershipLLP 2025-04-06 2026-04-05 OC366044 ns10:SmallEntities 2025-04-06 2026-04-05 OC366044 ns10:AuditExempt-NoAccountantsReport 2025-04-06 2026-04-05 OC366044 ns10:SmallCompaniesRegimeForAccounts 2025-04-06 2026-04-05 OC366044 ns10:LimitedLiabilityPartnershipsSORP 2025-04-06 2026-04-05 OC366044 ns10:FullAccounts 2025-04-06 2026-04-05 OC366044 ns10:RegisteredOffice 2025-04-06 2026-04-05 OC366044 ns5:CurrentFinancialInstruments 2026-04-05 OC366044 ns5:CurrentFinancialInstruments 2025-04-05 OC366044 ns5:FurnitureFittings 2025-04-06 2026-04-05 OC366044 ns5:FurnitureFittings 2025-04-05 OC366044 ns5:FurnitureFittings 2026-04-05 OC366044 ns5:FurnitureFittings 2025-04-05 OC366044 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-04-05 OC366044 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-05

REGISTERED NUMBER: OC366044 (England and Wales)

| REPORT OF THE MEMBERS AND |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 5TH APRIL 2026 |

| FOR |

| LIBERTY PACKAGING SYSTEMS LLP |

LIBERTY PACKAGING SYSTEMS LLP (REGISTERED NUMBER: OC366044) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2026

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Statement of Financial Position | 3 |

| Notes to the Financial Statements | 5 |

| LIBERTY PACKAGING SYSTEMS LLP |

GENERAL INFORMATION

FOR THE YEAR ENDED 5TH APRIL 2026

| DESIGNATED MEMBERS: | P Fiorentini

| K McPheat

| REGISTERED OFFICE: | 21 Mead Park Ind Estate

| Riverway

| Harlow

| Essexs

| CM20 2SE

| REGISTERED NUMBER: | OC366044 (England and Wales)

| ACCOUNTANTS: | Cook & Partners Limited

| Manufactory House

| Bell Lane

| Hertford

| Hertfordshire

| SG14 1BP

LIBERTY PACKAGING SYSTEMS LLP (REGISTERED NUMBER: OC366044) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 5TH APRIL 2026

The members present their report with the financial statements of the LLP for the year ended 5th April 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of the sale of label printing systems.

DESIGNATED MEMBERS

The designated members during the year under review were:

P Fiorentini

K McPheat

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £3,522 (2025 - £10,615 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

K McPheat - Designated member

15th July 2026

LIBERTY PACKAGING SYSTEMS LLP (REGISTERED NUMBER: OC366044) |

STATEMENT OF FINANCIAL POSITION

5TH APRIL 2026

| 2026 | 2025 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1 |  | 1 |  |

CURRENT ASSETS

Stocks | 43,866 |  | 36,727 |  |

Debtors | 5 | 13,562 |  | 29,402 |  |

Cash at bank | 17,302 |  | 8,437 |  |

74,730 |  | 74,566 |  |

CREDITORS

Amounts falling due within one year | 6 | 50,241 |  | 41,056 |  |

NET CURRENT ASSETS | 24,489 |  | 33,510 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 24,490 |  | 33,511 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 7 | 24,490 |  | 33,511 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 7 | 24,490 |  | 33,511 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5th April 2026.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

LIBERTY PACKAGING SYSTEMS LLP (REGISTERED NUMBER: OC366044) |

STATEMENT OF FINANCIAL POSITION - continued

5TH APRIL 2026

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 15th July 2026 and were signed by:

P Fiorentini - Designated member

K McPheat - Designated member

LIBERTY PACKAGING SYSTEMS LLP (REGISTERED NUMBER: OC366044) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2026

1. | STATUTORY INFORMATION

| Liberty Packaging Systems LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. | ACCOUNTING POLICIES

| Accounting convention

| 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Going Concern Justification

| The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 05 April 2021 have been prepared using the going concern basis of accounting.

| Revenue

| Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

| Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Leased assets

| Where assets are financed by leasing agreements that give rights approximately to ownership ("finance leases") the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation of leased assets is charged to the profit and loss account over the short of the lease terms and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

| All other leases are treated as "operating leases" and the relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term; unless they relate to vacant leasehold properties in which case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar charges.

| The company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard (1 January 2014) to continue to be charged over the period to the first market rent review rather than the term of the lease. For leases entered into on or after 1 January 2014, reverse premiums and similar incentives

| Pension costs and other post-retirement benefits

| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

LIBERTY PACKAGING SYSTEMS LLP (REGISTERED NUMBER: OC366044) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5TH APRIL 2026

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was 1 (2025 - NIL ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 6th April 2025

| and 5th April 2026 | 3,615 |  |

| DEPRECIATION

| At 6th April 2025

| and 5th April 2026 | 3,614 |  |

| NET BOOK VALUE

| At 5th April 2026 | 1 |  |

| At 5th April 2025 | 1 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade debtors | 406 |  | 20,169 |  |

| Prepayments | 13,156 |  | 9,233 |  |

13,562 |  | 29,402 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 18,847 |  | 11,981 |  |

| Social security and other taxes | 2,098 |  | 599 |  |

| VAT | 8,919 |  | 1,721 |  |

| Other creditors | 17,557 |  | 613 |  |

| Accruals and deferred income | 382 |  | 4,942 |  |

| Accrued expenses | 2,438 |  | 21,200 |  |

50,241 |  | 41,056 |  |

7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.

| There is no provision for specific legally enforceable protection afforded to creditors in such an event.

| There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests