Company Registration No. SC299947 (Scotland)
M H Leisure Limited
Unaudited accounts
for the year ended 31 March 2023
M H Leisure Limited
Unaudited accounts
Contents
M H Leisure Limited
Company Information
for the year ended 31 March 2023
Company Number
SC299947 (Scotland)
Registered Office
THE BARN OVERGLINNS
FINTRY
GLASGOW
G63 0LP
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
M H Leisure Limited
Statement of financial position
as at 31 March 2023
Tangible assets
372,047
290,520
Cash at bank and in hand
33,364
40,607
Creditors: amounts falling due within one year
(290,938)
(248,474)
Net current liabilities
(242,176)
(192,468)
Total assets less current liabilities
129,871
98,052
Creditors: amounts falling due after more than one year
(133,289)
(87,368)
Net (liabilities)/assets
(3,418)
10,684
Called up share capital
1
1
Profit and loss account
(3,419)
10,683
Shareholders' funds
(3,418)
10,684
For the year ending 31 March 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 9 October 2023 and were signed on its behalf by
Michael Harrison
Director
Company Registration No. SC299947
M H Leisure Limited
Notes to the Accounts
for the year ended 31 March 2023
M H Leisure Limited is a private company, limited by shares, registered in Scotland, registration number SC299947. The registered office is THE BARN OVERGLINNS, FINTRY, GLASGOW, G63 0LP.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
M H Leisure Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
639,317
55,547
1,735
696,599
Additions
146,072
23,236
-
169,308
Disposals
-
(21,897)
-
(21,897)
At 31 March 2023
785,389
56,886
1,735
844,010
At 1 April 2022
390,457
13,887
1,735
406,079
Charge for the year
59,240
12,118
-
71,358
On disposals
-
(5,474)
-
(5,474)
At 31 March 2023
449,697
20,531
1,735
471,963
At 31 March 2023
335,692
36,355
-
372,047
At 31 March 2022
248,860
41,660
-
290,520
Amounts falling due within one year
Trade debtors
12,326
2,723
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
49,052
-
Obligations under finance leases and hire purchase contracts
8,213
8,213
Trade creditors
20,049
69,551
Taxes and social security
1,743
396
Loans from directors
211,881
170,314
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
30,460
30,443
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).