Silverfin false 31/12/2022 01/01/2022 31/12/2022 Mr B Donovan 19/11/2014 19 October 2023 The principal activity of the Company during the financial year was that of retail sales of caravan and motorhome parts and related accessories. 09319282 2022-12-31 09319282 bus:Director1 2022-12-31 09319282 2021-12-31 09319282 core:CurrentFinancialInstruments 2022-12-31 09319282 core:CurrentFinancialInstruments 2021-12-31 09319282 core:Non-currentFinancialInstruments 2022-12-31 09319282 core:Non-currentFinancialInstruments 2021-12-31 09319282 core:ShareCapital 2022-12-31 09319282 core:ShareCapital 2021-12-31 09319282 core:RetainedEarningsAccumulatedLosses 2022-12-31 09319282 core:RetainedEarningsAccumulatedLosses 2021-12-31 09319282 core:Goodwill 2021-12-31 09319282 core:OtherResidualIntangibleAssets 2021-12-31 09319282 core:Goodwill 2022-12-31 09319282 core:OtherResidualIntangibleAssets 2022-12-31 09319282 core:LeaseholdImprovements 2021-12-31 09319282 core:PlantMachinery 2021-12-31 09319282 core:FurnitureFittings 2021-12-31 09319282 core:ComputerEquipment 2021-12-31 09319282 core:LeaseholdImprovements 2022-12-31 09319282 core:PlantMachinery 2022-12-31 09319282 core:FurnitureFittings 2022-12-31 09319282 core:ComputerEquipment 2022-12-31 09319282 bus:OrdinaryShareClass1 2022-12-31 09319282 2022-01-01 2022-12-31 09319282 bus:FullAccounts 2022-01-01 2022-12-31 09319282 bus:SmallEntities 2022-01-01 2022-12-31 09319282 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09319282 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09319282 bus:Director1 2022-01-01 2022-12-31 09319282 core:Goodwill core:TopRangeValue 2022-01-01 2022-12-31 09319282 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-01-01 2022-12-31 09319282 core:LeaseholdImprovements core:TopRangeValue 2022-01-01 2022-12-31 09319282 core:PlantMachinery core:TopRangeValue 2022-01-01 2022-12-31 09319282 core:FurnitureFittings core:TopRangeValue 2022-01-01 2022-12-31 09319282 core:ComputerEquipment core:TopRangeValue 2022-01-01 2022-12-31 09319282 2021-01-01 2021-12-31 09319282 core:Goodwill 2022-01-01 2022-12-31 09319282 core:OtherResidualIntangibleAssets 2022-01-01 2022-12-31 09319282 core:LeaseholdImprovements 2022-01-01 2022-12-31 09319282 core:PlantMachinery 2022-01-01 2022-12-31 09319282 core:FurnitureFittings 2022-01-01 2022-12-31 09319282 core:ComputerEquipment 2022-01-01 2022-12-31 09319282 core:Non-currentFinancialInstruments 2022-01-01 2022-12-31 09319282 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 09319282 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09319282 (England and Wales)

LEISURESHOPDIRECT LTD

Unaudited Financial Statements
For the financial year ended 31 December 2022
Pages for filing with the registrar

LEISURESHOPDIRECT LTD

Unaudited Financial Statements

For the financial year ended 31 December 2022

Contents

LEISURESHOPDIRECT LTD

COMPANY INFORMATION

For the financial year ended 31 December 2022
LEISURESHOPDIRECT LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2022
DIRECTOR Mr B Donovan
REGISTERED OFFICE Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF
United Kingdom
COMPANY NUMBER 09319282 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
LEISURESHOPDIRECT LTD

BALANCE SHEET

As at 31 December 2022
LEISURESHOPDIRECT LTD

BALANCE SHEET (continued)

As at 31 December 2022
Note 2022 2021
£ £
Fixed assets
Intangible assets 3 1,400 3,800
Tangible assets 4 45,436 62,919
46,836 66,719
Current assets
Stocks 798,635 813,049
Debtors 5 170,726 102,425
Cash at bank and in hand 59,603 93,283
1,028,964 1,008,757
Creditors: amounts falling due within one year 6 ( 367,004) ( 427,881)
Net current assets 661,960 580,876
Total assets less current liabilities 708,796 647,595
Creditors: amounts falling due after more than one year 7 ( 27,500) ( 37,500)
Provision for liabilities ( 10,361) ( 14,105)
Net assets 670,935 595,990
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 670,835 595,890
Total shareholders' funds 670,935 595,990

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Leisureshopdirect Ltd (registered number: 09319282) were approved and authorised for issue by the Director on 19 October 2023. They were signed on its behalf by:

Mr B Donovan
Director
LEISURESHOPDIRECT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
LEISURESHOPDIRECT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leisureshopdirect Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, Devon, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Plant and machinery 10 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including the director 11 17

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 January 2022 10,000 7,000 17,000
At 31 December 2022 10,000 7,000 17,000
Accumulated amortisation
At 01 January 2022 9,000 4,200 13,200
Charge for the financial year 1,000 1,400 2,400
At 31 December 2022 10,000 5,600 15,600
Net book value
At 31 December 2022 0 1,400 1,400
At 31 December 2021 1,000 2,800 3,800

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 January 2022 73,052 45,165 2,448 20,962 141,627
Additions 877 0 0 3,720 4,597
Disposals 0 ( 3,306) 0 ( 9,769) ( 13,075)
At 31 December 2022 73,929 41,859 2,448 14,913 133,149
Accumulated depreciation
At 01 January 2022 47,419 14,195 148 16,946 78,708
Charge for the financial year 12,922 4,188 490 2,663 20,263
Disposals 0 ( 1,489) 0 ( 9,769) ( 11,258)
At 31 December 2022 60,341 16,894 638 9,840 87,713
Net book value
At 31 December 2022 13,588 24,965 1,810 5,073 45,436
At 31 December 2021 25,633 30,970 2,300 4,016 62,919

5. Debtors

2022 2021
£ £
Trade debtors 15,410 8,236
Amounts owed by director 68,935 0
Prepayments 2,363 7,165
VAT recoverable 69,416 82,077
Other debtors 14,602 4,947
170,726 102,425

6. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans 10,000 10,000
Trade creditors 314,078 302,457
Amounts owed to director 0 19,143
Accruals 2,300 3,120
Taxation and social security 29,285 67,408
Other creditors 11,341 25,753
367,004 427,881

7. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans 27,500 37,500

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's director

2022 2021
£ £
Amounts due to/(by) directors (68,935) 19,143

Leisureshopdirect Limited operates a Directors' Loan Account with the company director . There is no fixed date of repayment and the loan bears interest of 2% on any amounts overdrawn by more than £10,000.

10. Government Grants

The amount of grants recognised in the financial statements was £nil (2021 - £12,991)