Caseware UK (AP4) 2022.0.179 2022.0.179 trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-3113falseNo description of principal activity14false 06061836 2022-01-31 2023-01-30 06061836 2023-01-30 06061836 2021-01-31 2022-01-30 06061836 2022-01-30 06061836 c:Director1 2022-01-31 2023-01-30 06061836 d:Buildings 2022-01-31 2023-01-30 06061836 d:PlantMachinery 2022-01-31 2023-01-30 06061836 d:PlantMachinery 2023-01-30 06061836 d:PlantMachinery 2022-01-30 06061836 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 06061836 d:FurnitureFittings 2022-01-31 2023-01-30 06061836 d:FurnitureFittings 2023-01-30 06061836 d:FurnitureFittings 2022-01-30 06061836 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 06061836 d:OfficeEquipment 2022-01-31 2023-01-30 06061836 d:OfficeEquipment 2023-01-30 06061836 d:OfficeEquipment 2022-01-30 06061836 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 06061836 d:ComputerEquipment 2022-01-31 2023-01-30 06061836 d:ComputerEquipment 2023-01-30 06061836 d:ComputerEquipment 2022-01-30 06061836 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 06061836 d:OtherPropertyPlantEquipment 2022-01-31 2023-01-30 06061836 d:OtherPropertyPlantEquipment 2023-01-30 06061836 d:OtherPropertyPlantEquipment 2022-01-30 06061836 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 06061836 d:OwnedOrFreeholdAssets 2022-01-31 2023-01-30 06061836 d:CurrentFinancialInstruments 2023-01-30 06061836 d:CurrentFinancialInstruments 2022-01-30 06061836 d:Non-currentFinancialInstruments 2023-01-30 06061836 d:Non-currentFinancialInstruments 2022-01-30 06061836 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-30 06061836 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-30 06061836 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-30 06061836 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-30 06061836 d:ShareCapital 2023-01-30 06061836 d:ShareCapital 2022-01-30 06061836 d:RevaluationReserve 2022-01-31 2023-01-30 06061836 d:RevaluationReserve 2023-01-30 06061836 d:RevaluationReserve 2022-01-30 06061836 d:RetainedEarningsAccumulatedLosses 2023-01-30 06061836 d:RetainedEarningsAccumulatedLosses 2022-01-30 06061836 c:FRS102 2022-01-31 2023-01-30 06061836 c:AuditExempt-NoAccountantsReport 2022-01-31 2023-01-30 06061836 c:FullAccounts 2022-01-31 2023-01-30 06061836 c:PrivateLimitedCompanyLtd 2022-01-31 2023-01-30 iso4217:GBP xbrli:pure
Registered number: 06061836













W F Leisure UK Limited

Financial statements
Information for filing with the registrar

30 January 2023




 
W F Leisure UK Limited


Balance sheet
At 30 January 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,555
45,831

  
42,555
45,831

Current assets
  

Stocks
  
3,096
4,150

Debtors: amounts falling due within one year
 5 
54,097
39,147

Bank and cash balances
  
113,450
60,540

  
170,643
103,837

Creditors: amounts falling due within one year
 6 
(144,562)
(117,040)

Net current assets/(liabilities)
  
 
 
26,081
 
 
(13,203)

Total assets less current liabilities
  
68,636
32,628

Creditors: amounts falling due after more than one year
 7 
(25,208)
(35,208)

Provisions for liabilities
  

Deferred tax
  
(8,873)
(9,015)

  
 
 
(8,873)
 
 
(9,015)

Net assets/(liabilities)
  
34,555
(11,595)


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 8 
9,694
19,694

Profit and loss account
 8 
24,761
(31,389)

Shareholders' funds / (deficit)
  
34,555
(11,595)


1

 
W F Leisure UK Limited

    
Balance sheet (continued)
At 30 January 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 August 2023.




David Robison
Director

Company registered number: 06061836
The notes on pages 3 to 6 form part of these financial statements. 

2

 
W F Leisure UK Limited
 
 

Notes to the financial statements
Year ended 30 January 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 4, Greencroft Industrial, Park, Annfield Plain, Stanley, Co. Durham, DH9 7YB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Government grants

Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in equity, except to the extent it reverses a revaluation
decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount
of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of
any previously recognised revaluation increase accumulated in equity in respect of that asset. Where
a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect
of that asset, the excess shall be recognised in profit or loss.

3

 
W F Leisure UK Limited
 

 
Notes to the financial statements
Year ended 30 January 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives using both the straight lined method and the reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
Plant and machinery
-
20%
straight line
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
20%
straight line
Computer equipment
-
20%
straight line
Play equipment
-
20%
reducing balance

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2022 - 13).

4

 
W F Leisure UK Limited
 
 

Notes to the financial statements
Year ended 30 January 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment
Play equipment
Total

£
£
£
£
£
£



Cost or valuation


At 31 January 2022
6,947
65,272
4,445
2,786
206,259
285,709


Additions
-
2,808
-
-
4,063
6,871


Disposals
(925)
-
(50)
-
-
(975)



At 30 January 2023

6,022
68,080
4,395
2,786
210,322
291,605



Depreciation


At 31 January 2022
3,089
49,882
1,089
2,461
183,357
239,878


Charge for the year
1,204
2,599
879
325
5,140
10,147


Disposals
(925)
-
(50)
-
-
(975)



At 30 January 2023

3,368
52,481
1,918
2,786
188,497
249,050



Net book value



At 30 January 2023
2,654
15,599
2,477
-
21,825
42,555



At 30 January 2022
3,858
15,390
3,356
325
22,902
45,831


5.


Debtors

2023
2022
£
£


Trade debtors
8,248
8,766

Other debtors
38,302
25,185

Prepayments and accrued income
7,547
5,196

54,097
39,147


5

 
W F Leisure UK Limited
 
 

Notes to the financial statements
Year ended 30 January 2023

6.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
8,125
8,125

Trade creditors
71,875
77,220

Corporation tax
20,416
1,216

Other taxation and social security
19,384
10,691

Other creditors
5,698
4,355

Accruals and deferred income
19,064
15,433

144,562
117,040



7.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
25,208
35,208

25,208
35,208



8.


Reserves

Revaluation reserve

A transfer has been made to the Profit and loss reserve to reflect the the diminishment in value to date of the revalued assets due to depreciation over the period since revaluation.


9.


Transactions with directors

During the year, the directors used a loan account to record amounts due to and from the company. At the end of the year, the balance due to the company from the director was £28,637 (2022: £25,185 due from the director). The loan is unsecured, with no interest and no fixed terms of repayment have been agreed.

 
6