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REGISTERED NUMBER: 07524736 (England and Wales)



Financial Statements for the Year Ended 28 February 2023

for

Lcb Leisure Ltd

Lcb Leisure Ltd (Registered number: 07524736)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Lcb Leisure Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr W J Bugg
Mrs C E S Bugg





SECRETARY: Mrs C E S Bugg





REGISTERED OFFICE: 5 The Grove
Bedford Road
Cople
Bedford
MK44 3TP





REGISTERED NUMBER: 07524736 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Lcb Leisure Ltd (Registered number: 07524736)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 264,844 256,733

CURRENT ASSETS
Stocks 11,200 13,661
Debtors 5 - 4,826
Cash at bank 93,829 11,485
105,029 29,972
CREDITORS
Amounts falling due within one year 6 (124,034 ) (126,777 )
NET CURRENT LIABILITIES (19,005 ) (96,805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,839

159,928

CREDITORS
Amounts falling due after more than one year 7 (109,491 ) (83,231 )
NET ASSETS 136,348 76,697

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 136,346 76,695
SHAREHOLDERS' FUNDS 136,348 76,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Lcb Leisure Ltd (Registered number: 07524736)

Statement of Financial Position - continued
28 February 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





Mr W J Bugg - Director


Lcb Leisure Ltd (Registered number: 07524736)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Lcb Leisure 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 28 February 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 March 2021.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Lcb Leisure Ltd (Registered number: 07524736)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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 54 (2022 - 46 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 80,000 455,111 535,111
Additions - 181,055 181,055
Disposals - (115,907 ) (115,907 )
At 28 February 2023 80,000 520,259 600,259
DEPRECIATION
At 1 March 2022 - 278,378 278,378
Charge for year - 81,012 81,012
Eliminated on disposal - (23,975 ) (23,975 )
At 28 February 2023 - 335,415 335,415
NET BOOK VALUE
At 28 February 2023 80,000 184,844 264,844
At 28 February 2022 80,000 176,733 256,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors - 4,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts and finance leases 17,858 18,804
Trade creditors - 18,403
Taxation and social security 100,412 84,067
Other creditors 5,764 5,503
124,034 126,777

Lcb Leisure Ltd (Registered number: 07524736)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts and finance leases 76,158 39,898
Other creditors 33,333 43,333
109,491 83,231