IRIS Accounts Production v23.2.0.158 11855808 director 1.4.22 31.3.23 31.3.23 HVAC installation & maintenance services. false true false false true false ORDINARY ORDINARY iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118558082022-03-31118558082023-03-31118558082022-04-012023-03-31118558082021-03-31118558082021-04-012022-03-31118558082022-03-3111855808ns10:Originalns15:EnglandWales2022-04-012023-03-3111855808ns14:PoundSterlingns10:Original2022-04-012023-03-3111855808ns10:Originalns10:Director12022-04-012023-03-3111855808ns10:Original2022-04-012023-03-3111855808ns10:Original2023-03-3111855808ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111855808ns10:Originalns10:SmallEntities2022-04-012023-03-3111855808ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111855808ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111855808ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111855808ns10:Originalns10:FullAccounts2022-04-012023-03-3111855808ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3111855808ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3111855808ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3111855808ns10:CompanySecretary1ns10:Original2022-04-012023-03-3111855808ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111855808ns10:Original2021-04-012022-03-3111855808ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111855808ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-03-3111855808ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3111855808ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-04-012022-03-3111855808ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111855808ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111855808ns10:Original2022-03-3111855808ns10:Originalns5:CurrentFinancialInstruments2023-03-3111855808ns10:Originalns5:CurrentFinancialInstruments2022-03-3111855808ns5:ShareCapitalns10:Original2023-03-3111855808ns5:ShareCapitalns10:Original2022-03-3111855808ns5:OwnedAssetsns10:Original2022-04-012023-03-3111855808ns5:OwnedAssetsns10:Original2021-04-012022-03-3111855808ns10:Originalns10:OrdinaryShareClass12021-04-012022-03-3111855808ns10:Originalns5:PlantMachinery2022-03-3111855808ns10:Originalns5:PlantMachinery2022-04-012023-03-3111855808ns10:Originalns5:PlantMachinery2023-03-3111855808ns10:Originalns5:PlantMachinery2022-03-3111855808ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111855808ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 11855808 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

LEISURE AIR LTD

LEISURE AIR LTD (Registered number: 11855808)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


LEISURE AIR LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M J TAYLOR





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 11855808 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

LEISURE AIR LTD (Registered number: 11855808)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

DIRECTOR
M J TAYLOR held office during the whole of the period from 1 April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M J TAYLOR - Director


1 November 2023

LEISURE AIR LTD (Registered number: 11855808)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

31/3/23 31/3/22
Notes £    £   

TURNOVER 303,595 281,335

Cost of sales 243,126 237,066
GROSS PROFIT 60,469 44,269

Administrative expenses 37,017 26,326
OPERATING PROFIT 4 23,452 17,943


Interest payable and similar expenses 30 12
PROFIT BEFORE TAXATION 23,422 17,931

Tax on profit 4,735 3,692
PROFIT FOR THE FINANCIAL YEAR 18,687 14,239

Retained earnings at beginning of year 44,422 39,183

Dividends 5 (10,000 ) (9,000 )

RETAINED EARNINGS AT END OF YEAR 53,109 44,422

LEISURE AIR LTD (Registered number: 11855808)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 2,100 3,600

CURRENT ASSETS
Debtors 7 36,646 24,123
Cash at bank and in hand 79,723 56,392
116,369 80,515
CREDITORS
Amounts falling due within one year 8 65,359 39,692
NET CURRENT ASSETS 51,010 40,823
TOTAL ASSETS LESS CURRENT LIABILITIES 53,110 44,423

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 53,109 44,422
SHAREHOLDERS' FUNDS 53,110 44,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





M J TAYLOR - Director


LEISURE AIR LTD (Registered number: 11855808)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

LEISURE AIR LTD 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.

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31/3/23 31/3/22
£    £   
Depreciation - owned assets 1,500 1,500

5. DIVIDENDS
31/3/23 31/3/22
£    £   
ORDINARY share of 1.00
Final 10,000 9,000

LEISURE AIR LTD (Registered number: 11855808)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 8,100
DEPRECIATION
At 1 April 2022 4,500
Charge for year 1,500
At 31 March 2023 6,000
NET BOOK VALUE
At 31 March 2023 2,100
At 31 March 2022 3,600

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 32,806 22,001
CIS Tax suffered 3,840 2,122
36,646 24,123

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 3,119 3,971
Trade creditors 5 4
Tax 4,755 3,692
VAT 23,987 10,685
Directors' current accounts 31,519 20,080
Accrued expenses 1,974 1,260
65,359 39,692