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REGISTERED NUMBER: 02757954 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 June 2023

for

D & S Marine and Leisure Limited

D & S Marine and Leisure Limited (Registered number: 02757954)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & S Marine and Leisure Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr D Smith
Mr S A Smith
Mr S E Smith
Mrs J Smith
Mr T A Smith





SECRETARY: Mr S A Smith





REGISTERED OFFICE: Diglee House
15 Diglee Road
Furness Vale
High Peak
SK23 7PW





REGISTERED NUMBER: 02757954 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

D & S Marine and Leisure Limited (Registered number: 02757954)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,850 3,800
Investment property 5 800,000 1,000,000
802,850 1,003,800

CURRENT ASSETS
Debtors 6 238 343
Cash at bank 515,362 300,717
515,600 301,060
CREDITORS
Amounts falling due within one year 7 (38,094 ) (27,590 )
NET CURRENT ASSETS 477,506 273,470
TOTAL ASSETS LESS CURRENT LIABILITIES 1,280,356 1,277,270

PROVISIONS FOR LIABILITIES (7,905 ) (13,520 )
NET ASSETS 1,272,451 1,263,750

CAPITAL AND RESERVES
Called up share capital 136 136
Share premium 738,361 738,361
Revaluation reserve 8 101,552 145,366
Other reserves 66 66
Retained earnings 432,336 379,821
1,272,451 1,263,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

D & S Marine and Leisure Limited (Registered number: 02757954)

Balance Sheet - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr S A Smith - Director


D & S Marine and Leisure Limited (Registered number: 02757954)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

D & S Marine and Leisure Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

D & S Marine and Leisure Limited (Registered number: 02757954)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 19,560 1,099 20,659
DEPRECIATION
At 1 July 2022 16,639 220 16,859
Charge for year 730 220 950
At 30 June 2023 17,369 440 17,809
NET BOOK VALUE
At 30 June 2023 2,191 659 2,850
At 30 June 2022 2,921 879 3,800

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 1,000,000
Disposals (200,000 )
At 30 June 2023 800,000
NET BOOK VALUE
At 30 June 2023 800,000
At 30 June 2022 1,000,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 238 343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 19
Tax 8,777 -
Other creditors 5,784 3,852
Directors' current accounts 20,782 20,782
Accrued expenses 2,751 2,937
38,094 27,590

D & S Marine and Leisure Limited (Registered number: 02757954)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. RESERVES
Revaluation
reserve
£   
At 1 July 2022 145,366
Disposals (43,814 )

At 30 June 2023 101,552