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REGISTERED NUMBER: SC246069 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ABC LEISURE (MACHINES) LIMITED

ABC LEISURE (MACHINES) LIMITED (REGISTERED NUMBER: SC246069)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ABC LEISURE (MACHINES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: A D Gaw





SECRETARY: Mrs. E J Gaw





REGISTERED OFFICE: Barnharrow
Kirkcowan
Newton Stewart
DG8 0ET





REGISTERED NUMBER: SC246069 (Scotland)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABC LEISURE (MACHINES) LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 Abc Leisure (Machines) Limited for the year ended 31 March 2022 which comprise the Profit and 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 director of Abc Leisure (Machines) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abc Leisure (Machines) Limited and state those matters that we have agreed to state to the director of Abc Leisure (Machines) Limited 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 Abc Leisure (Machines) Limited and its director for our work or for this report.

It is your duty to ensure that Abc Leisure (Machines) 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 Abc Leisure (Machines) Limited. You consider that Abc Leisure (Machines) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abc Leisure (Machines) 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.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


14 July 2022

ABC LEISURE (MACHINES) LIMITED (REGISTERED NUMBER: SC246069)

BALANCE SHEET
31 MARCH 2022

31/3/22 31/3/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,100 11,375
Tangible assets 5 46,701 51,967
55,801 63,342

CURRENT ASSETS
Debtors 6 6,238 1,532
Cash at bank 44,071 42,603
50,309 44,135
CREDITORS
Amounts falling due within one year 7 91,365 79,178
NET CURRENT LIABILITIES (41,056 ) (35,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,745

28,299

CREDITORS
Amounts falling due after more than one
year

8

(40,833

)

(50,000

)

PROVISIONS FOR LIABILITIES (1,332 ) (732 )
NET LIABILITIES (27,420 ) (22,433 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (27,620 ) (22,633 )
SHAREHOLDERS' FUNDS (27,420 ) (22,433 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

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 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.

ABC LEISURE (MACHINES) LIMITED (REGISTERED NUMBER: SC246069)

BALANCE SHEET - continued
31 MARCH 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2022 and were signed by:





A D Gaw - Director


ABC LEISURE (MACHINES) LIMITED (REGISTERED NUMBER: SC246069)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Abc Leisure (Machines) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.
Land and buildings freehold - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

ABC LEISURE (MACHINES) LIMITED (REGISTERED NUMBER: SC246069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 35,000
AMORTISATION
At 1 April 2021 23,625
Charge for year 2,275
At 31 March 2022 25,900
NET BOOK VALUE
At 31 March 2022 9,100
At 31 March 2021 11,375

5. TANGIBLE FIXED ASSETS
Land and Fixtures
buildings Plant and and Motor
freehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2021 36,048 882,769 12,196 44,730 975,743
Additions 4,390 1,887 - - 6,277
At 31 March 2022 40,438 884,656 12,196 44,730 982,020
DEPRECIATION
At 1 April 2021 4,872 870,493 8,836 39,575 923,776
Charge for year 1,618 8,132 504 1,289 11,543
At 31 March 2022 6,490 878,625 9,340 40,864 935,319
NET BOOK VALUE
At 31 March 2022 33,948 6,031 2,856 3,866 46,701
At 31 March 2021 31,176 12,276 3,360 5,155 51,967

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Trade debtors 6,238 1,196
Other debtors - 336
6,238 1,532

ABC LEISURE (MACHINES) LIMITED (REGISTERED NUMBER: SC246069)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Bank loans and overdrafts 5,000 -
Trade creditors 8,549 10,056
Taxation and social security 5,126 1,148
Other creditors 72,690 67,974
91,365 79,178

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/22 31/3/21
£    £   
Bank loans 40,833 50,000