REGISTERED NUMBER: SC485362 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Libero Sport & Education Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K A Moyes

Mrs C Moyes

REGISTERED OFFICE:

3 Park Gardens

Glasgow

G3 7YE

REGISTERED NUMBER:

SC485362 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

103,318

48,117

CURRENT ASSETS

Debtors

5

286,445

539,551

Cash at bank and in hand

211,451

28,194

497,896

567,745

CREDITORS

Amounts falling due within one year

6

(229,130

)

(381,916

)

NET CURRENT ASSETS

268,766

185,829

TOTAL ASSETS LESS CURRENT LIABILITIES

372,084

233,946

CREDITORS

Amounts falling due after more than one year

7

(153,324

)

(101,155

)

PROVISIONS FOR LIABILITIES

(18,700

)

(11,300

)

NET ASSETS

200,060

121,491

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

200,058

121,489

SHAREHOLDERS' FUNDS

200,060

121,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

K A Moyes - Director

1.	STATUTORY INFORMATION

Libero Sport & Education Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

73,879

Additions

104,703

Disposals

(27,555

)

At 31 January 2026

151,027

DEPRECIATION

At 1 February 2025

25,762

Charge for year

27,458

Eliminated on disposal

(5,511

)

At 31 January 2026

47,709

NET BOOK VALUE

At 31 January 2026

103,318

At 31 January 2025

48,117

Included within fixed assets are assets held under hire purchase agreements with an original cost of £132,849 and a net book value of £100,379.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

15,536

260,072

Other debtors

270,909

279,479

286,445

539,551

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

5,555

5,555

Hire purchase contracts (see note 8)

21,039

7,827

Trade creditors

1,207

59,028

Taxation and social security

24,920

76,087

Other creditors

176,409

233,419

229,130

381,916

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

18,984

24,539

Hire purchase contracts (see note 8)

101,261

42,167

Amounts owed to associates

33,079

34,449

153,324

101,155

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.1.26

31.1.25

£

£

Net obligations repayable:

Within one year

21,039

7,827

Between one and five years

101,261

42,167

122,300

49,994

9.	RELATED PARTY DISCLOSURES

An amount of £35,092 (2025 : £30,792) was owed to the company by Albacove Limited, a company which is under the control of director C Moyes.

At the date of the financial statements C Moyes and K Moyes owed £186,568 (2025: £220,223) to the company. This loan is interest free and repayable on demand.

Included within other creditors is £33,079 (2025: £34,449) due from European Sport Funding Ltd, company which is under the control of director K Moyes.