IRIS Accounts Production v22.2.0.402 09642524 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure096425242020-12-31096425242021-12-31096425242021-01-012021-12-31096425242019-06-30096425242019-07-012020-12-31096425242020-12-3109642524ns16:EnglandWales2021-01-012021-12-3109642524ns15:PoundSterling2021-01-012021-12-3109642524ns11:Director12021-01-012021-12-3109642524ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3109642524ns11:SmallEntities2021-01-012021-12-3109642524ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3109642524ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3109642524ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3109642524ns11:FullAccounts2021-01-012021-12-3109642524ns11:OrdinaryShareClass12021-01-012021-12-3109642524ns11:Director22021-01-012021-12-3109642524ns11:RegisteredOffice2021-01-012021-12-3109642524ns6:CurrentFinancialInstruments2021-12-3109642524ns6:CurrentFinancialInstruments2020-12-3109642524ns6:ShareCapital2021-12-3109642524ns6:ShareCapital2020-12-3109642524ns6:RetainedEarningsAccumulatedLosses2021-12-3109642524ns6:RetainedEarningsAccumulatedLosses2020-12-3109642524ns6:LongLeaseholdAssetsns6:LandBuildings2021-01-012021-12-3109642524ns6:PlantMachinery2021-01-012021-12-3109642524ns6:FurnitureFittings2021-01-012021-12-3109642524ns6:ComputerEquipment2021-01-012021-12-3109642524ns6:LongLeaseholdAssetsns6:LandBuildings2020-12-3109642524ns6:PlantMachinery2020-12-3109642524ns6:FurnitureFittings2020-12-3109642524ns6:ComputerEquipment2020-12-3109642524ns6:LongLeaseholdAssetsns6:LandBuildings2021-12-3109642524ns6:PlantMachinery2021-12-3109642524ns6:FurnitureFittings2021-12-3109642524ns6:ComputerEquipment2021-12-3109642524ns6:LongLeaseholdAssetsns6:LandBuildings2020-12-3109642524ns6:PlantMachinery2020-12-3109642524ns6:FurnitureFittings2020-12-3109642524ns6:ComputerEquipment2020-12-3109642524ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3109642524ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3109642524ns6:DeferredTaxation2020-12-3109642524ns6:DeferredTaxation2021-01-012021-12-3109642524ns6:DeferredTaxation2021-12-3109642524ns11:OrdinaryShareClass12021-12-3109642524ns11:Director112020-12-3109642524ns11:Director112019-06-3009642524ns11:Director112021-01-012021-12-3109642524ns11:Director112019-07-012020-12-3109642524ns11:Director112021-12-3109642524ns11:Director112020-12-31
REGISTERED NUMBER: 09642524 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2021

for

CSN Leisure Limited

CSN Leisure Limited (Registered number: 09642524)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CSN Leisure Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: G P Smith
D A Smith





REGISTERED OFFICE: 3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX





REGISTERED NUMBER: 09642524 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

CSN Leisure Limited (Registered number: 09642524)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,418 65,371

CURRENT ASSETS
Stocks 250 78
Debtors 5 2,743 991
Cash at bank and in hand 29,796 12,638
32,789 13,707
CREDITORS
Amounts falling due within one year 6 19,268 14,473
NET CURRENT ASSETS/(LIABILITIES) 13,521 (766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,939

64,605

PROVISIONS FOR LIABILITIES 7 12,292 11,801
NET ASSETS 70,647 52,804

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 70,643 52,800
SHAREHOLDERS' FUNDS 70,647 52,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

CSN Leisure Limited (Registered number: 09642524)

Balance Sheet - continued
31 December 2021


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 12 September 2022 and were signed on its behalf by:





D A Smith - Director


CSN Leisure Limited (Registered number: 09642524)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

CSN Leisure 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Government grants
The company received government grants in respect of the Coronavirus Job Retention Scheme and Coronavirus Business Support Grants. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attached to them. The grants were received using the accrual model.

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

CSN Leisure Limited (Registered number: 09642524)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2020 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 84,666 2,433 585 750 88,434
Additions 650 2,114 7,785 - 10,549
At 31 December 2021 85,316 4,547 8,370 750 98,983
DEPRECIATION
At 1 January 2021 19,499 2,229 585 750 23,063
Charge for year 4,355 530 1,617 - 6,502
At 31 December 2021 23,854 2,759 2,202 750 29,565
NET BOOK VALUE
At 31 December 2021 61,462 1,788 6,168 - 69,418
At 31 December 2020 65,167 204 - - 65,371

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 2,743 991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 5,500 -
Taxation 7,588 5,090
VAT 1,328 723
Other creditors 435 -
Directors' current accounts - 720
Accrued expenses 4,417 7,940
19,268 14,473

7. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred taxation 12,292 11,801

CSN Leisure Limited (Registered number: 09642524)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2021 11,801
Provided during year 491
Balance at 31 December 2021 12,292

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
4 Ordinary £1 4 4

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £44,167 (2020 - £57,167). This amount relates to a 20 year lease agreement for the rental of part of the business premises with a break clause of 5 years and a 15 year lease agreement for the rental of part of the business premises with a break clause of 5 years.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2021 and the period ended 31 December 2020:

2021 2020
£    £   
D A Smith
Balance outstanding at start of year 991 -
Amounts advanced 1,752 991
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,743 991

The balance was repaid in full within 9 months of the year end.