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REGISTERED NUMBER: SC495514 (Scotland)







Unaudited Financial Statements

For The Year Ended 31st May 2023

for

Cleland Leisure Limited

Cleland Leisure Limited (Registered number: SC495514)






Contents of the Financial Statements
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cleland Leisure Limited

Company Information
For The Year Ended 31st May 2023







DIRECTOR: Mrs K Smith





SECRETARY:





REGISTERED OFFICE: 26 Stewarton Street
Wishaw
Lanarkshire
ML2 8AW





REGISTERED NUMBER: SC495514 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Cleland Leisure Limited (Registered number: SC495514)

Balance Sheet
31st May 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 12,425 14,810

CURRENT ASSETS
Stocks 15,348 12,729
Debtors 5 6,250 6,250
Cash at bank and in hand 11,364 33,855
32,962 52,834
CREDITORS
Amounts falling due within one year 6 (32,383 ) (34,108 )
NET CURRENT ASSETS 579 18,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,004

33,536

CREDITORS
Amounts falling due after more than one
year

7

(14,923

)

(19,923

)
NET (LIABILITIES)/ASSETS (1,919 ) 13,613

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (1,929 ) 13,603
SHAREHOLDERS' FUNDS (1,919 ) 13,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Cleland Leisure Limited (Registered number: SC495514)

Balance Sheet - continued
31st May 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 director and authorised for issue on 5th February 2024 and were signed by:





Mrs K Smith - Director


Cleland Leisure Limited (Registered number: SC495514)

Notes to the Financial Statements
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

Cleland Leisure Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 20% on reducing balance

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 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 14 (2022 - 14 ) .

Cleland Leisure Limited (Registered number: SC495514)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st June 2022 40,376
Additions 600
At 31st May 2023 40,976
DEPRECIATION
At 1st June 2022 25,566
Charge for year 2,985
At 31st May 2023 28,551
NET BOOK VALUE
At 31st May 2023 12,425
At 31st May 2022 14,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 6,250 6,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 485 6,696
Taxation and social security 13,926 16,321
Other creditors 12,972 6,091
32,383 34,108

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 10,000 15,000
Other creditors 4,923 4,923
14,923 19,923