Liberty Blue Worldwide Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08992008 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2016 TO 30 SEPTEMBER 2017

FOR

LIBERTY BLUE WORLDWIDE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Mrs G D Haines

M V Lockett

Mrs J C Timms

I Priest

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

London

NW3 6LH

REGISTERED NUMBER:

08992008 (England and Wales)

ACCOUNTANTS:

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Intangible assets

4

-

20,000

Tangible assets

5

-

10,375

-

30,375

CURRENT ASSETS

Debtors

6

38,844

389,989

Cash at bank

4,351

45,687

43,195

435,676

CREDITORS

Amounts falling due within one year

7

43,195

418,182

NET CURRENT ASSETS

-

17,494

TOTAL ASSETS LESS CURRENT LIABILITIES

-

47,869

CAPITAL AND RESERVES

Called up share capital

100

133

Capital redemption reserve

33

-

Retained earnings

(133

)

47,736

SHAREHOLDERS' FUNDS

-

47,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 28 June 2018 and were signed on its behalf by:

Mrs J C Timms - Director

1.	STATUTORY INFORMATION

Liberty Blue Worldwide Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year that the company has presented its results under FRS 102. The last financial statements

under UK GAAP were for the year ended 31 March 2016. The date of transition to FRS 102 was 1 April 2015.

There are no transitional adjustments arising from the first time adoption of FRS 102.

Turnover

Turnover represents net sale of consultancy and services receivable, excluding value added tax.

Goodwill

Goodwill was the amount paid in connection with the acquisition of a business in 2015.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

20% Straight line

Computer equipment

-

25% Straight line

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 period was 4 (2016 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

25,000

Disposals

(25,000

)

At 30 September 2017

-

AMORTISATION

At 1 April 2016

5,000

Charge for period

7,500

Eliminated on disposal

(12,500

)

At 30 September 2017

-

NET BOOK VALUE

At 30 September 2017

-

At 31 March 2016

20,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

4,295

16,229

20,524

Disposals

(4,295

)

(16,229

)

(20,524

)

At 30 September 2017

-

-

-

DEPRECIATION

At 1 April 2016

2,749

7,400

10,149

Charge for period

659

1,428

2,087

Eliminated on disposal

(3,408

)

(8,828

)

(12,236

)

At 30 September 2017

-

-

-

NET BOOK VALUE

At 30 September 2017

-

-

-

At 31 March 2016

1,546

8,829

10,375

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,176

321,268

Amounts owed by group undertakings

-

100

Other debtors

32,834

33

VAT

1,834

-

Prepayments and accrued income

-

68,588

38,844

389,989

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

241

11,965

Amounts owed to group undertakings

40,644

-

Tax

2,310

17,778

Social security and other taxes

-

17,746

VAT

-

18,469

Other creditors

-

963

Amount owed to related

undertaking

-

318,130

Accruals and deferred income

-

33,131

43,195

418,182

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

At the year end, the company was owed £32,834 by a Company under common control.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Liberty Blue Worldwide Limited for the period ended 30 September 2017 which comprise the

Profit & Loss Account, Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Liberty Blue Worldwide Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Liberty Blue Worldwide Limited and state those matters that we have agreed to state to the Board of Directors of Liberty Blue Worldwide Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Liberty Blue Worldwide Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Liberty Blue Worldwide Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Liberty Blue Worldwide Limited. You consider that Liberty Blue Worldwide Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Liberty Blue Worldwide Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

29 June 2018