Company Registration No. 12521639 (England and Wales)
Liquid Protection Ltd
Unaudited accounts
for the period from 17 March 2020 to 31 December 2020
Liquid Protection Ltd
Unaudited accounts
Contents
Liquid Protection Ltd
Company Information
for the period from 17 March 2020 to 31 December 2020
Directors
Peter McKenna Brady
Craig Mortimer
Company Number
12521639 (England and Wales)
Registered Office
Unit 8 The Quadrangle Centre
The Drift, Nacton Road
Ipswich
Suffolk
IP3 9QR
Accountants
Barley Grove Financial Solutions Limited
19 Barley Way
Elsenham
Bishop's Stortford
CM22 6GX
Liquid Protection Ltd
Statement of financial position
as at 31 December 2020
Cash at bank and in hand
1,413
Creditors: amounts falling due within one year
(3,905)
Called up share capital
100
Profit and loss account
(51)
For the period ending 31 December 2020 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 of Directors and authorised for issue on 29 September 2021 and were signed on its behalf by
Peter McKenna Brady
Director
Company Registration No. 12521639
Liquid Protection Ltd
Notes to the Accounts
for the period from 17 March 2020 to 31 December 2020
Liquid Protection Ltd is a private company, limited by shares, registered in England and Wales, registration number 12521639. The registered office is Unit 8 The Quadrangle Centre, The Drift, Nacton Road, Ipswich, Suffolk, IP3 9QR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
The company has ceased trading since the balance sheet date. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date.
Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tax 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 tax 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 statement of financial position date.
Liquid Protection Ltd
Notes to the Accounts
for the period from 17 March 2020 to 31 December 2020
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.
Deferred tax assets and liabilities are not discounted.
4
Average number of employees
During the period the average number of employees was 0.
