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Nightlife Leisure (South West) Limited
Registered Number:04404262
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Nightlife Leisure (South West) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04404262
As at 31 March 2022
Nightlife Leisure (South West) Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
584,806
595,792
2
584,806
595,792
Current assets
Inventories
12,602
13,110
3
Trade and other receivables
53,655
14,550
4
60,932
Cash and cash equivalents
274,998
302,658
127,189
Trade and other payables: amounts falling due within one
year
(187,251)
(196,996)
5
(60,062)
105,662
Net current assets
Total assets less current liabilities
690,468
535,730
Trade and other payables: amounts falling due after more
than one year
(96,695)
(158,982)
6
(7,134)
(7,901)
Provisions for liabilities
524,352
Net assets
431,134
Capital and reserves
Called up share capital
3
3
Retained earnings
524,349
431,131
524,352
431,134
Shareholders' funds
For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S J Bowden Director
These financial statements were approved and authorised for issue by the Board on 14 September 2022 and were signed by:
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4
Registered Number :
04404262
For the year ended 31 March 2022
Nightlife Leisure (South West) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2022
Nightlife Leisure (South West) Limited
Notes to the Financial Statements
Statutory Information
Nightlife Leisure (South West) Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04404262.
Principal place of business:
Trerulefoot
Saltash
Cornwall
PL12 5BL
Registered address:
Tregeagle St. Neot
Liskeard
Cornwall
PL14 6NR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention.
Revenue recognition
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, value added tax or other sales related taxes.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis, except the Harley Davidson motorcycle included in plant and machinery, which is not being depreciated:
Plant and machinery
25% Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 March 2022
Nightlife Leisure (South West) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 April 2021
879,020
356,318
522,702
14,850
14,850
-
Additions
(35,000)
-
Disposals
(35,000)
At 31 March 2022
522,702
336,168
858,870
Provision for depreciation and impairment
At 01 April 2021
283,228
283,228
-
Charge for year
20,701
20,701
-
(29,865)
(29,865)
-
On disposal
At 31 March 2022
274,064
274,064
-
At 31 March 2022
Net book value
522,702
62,104
584,806
At 31 March 2021
522,702
73,090
595,792
3. Inventories
2021
2022
£
£
Stocks
13,110
12,602
4. Trade and other receivables
2021
2022
£
£
Trade debtors
440
-
Other debtors
14,110
53,655
53,655
14,550
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7
For the year ended 31 March 2022
Nightlife Leisure (South West) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
45,939
16,595
Trade creditors
45,040
76,801
Taxation and social security
88,706
65,129
Other creditors
17,311
28,726
196,996
187,251
Included within taxation and social security is corporation tax of £57,579 (2021: £24,313).
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
158,982
84,749
Other creditors
-
11,946
158,982
96,695
The bank has a fixed and floating charge over the assets of the company. The company has taken a loan from Funding Circle, repayable over 4 years, commencing with the first payment on 17/5/2022.The interest rate is fixed at a rate of 7.64%.
7. Related party transactions
Dividends of £156,000 were paid to the director in the year.
The company is under the effective control of its director.
8. Directors advances and guarantees
At 01/04/2021
Loaned
At 31/03/2022
£
£
£
S J Bowden
Loan to company
12,612
4,596
8,016
12,612
4,596
8,016
9. Average number of persons employed
During the year the average number of employees was 25 (2021 : 22)
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