Steelworks Leisure Activities Limited 08296723 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Other amusement & leisure activities Digita Accounts Production Advanced 6.30.9574.0 true 08296723 2022-09-01 2023-08-31 08296723 2023-08-31 08296723 bus:Original 2023-08-31 08296723 core:RetainedEarningsAccumulatedLosses 2023-08-31 08296723 core:ShareCapital 2023-08-31 08296723 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08296723 core:FurnitureFittings 2023-08-31 08296723 core:OfficeEquipment 2023-08-31 08296723 core:OtherPropertyPlantEquipment 2023-08-31 08296723 bus:SmallEntities 2022-09-01 2023-08-31 08296723 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 08296723 bus:FullAccounts 2022-09-01 2023-08-31 08296723 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08296723 bus:RegisteredOffice 2022-09-01 2023-08-31 08296723 bus:Director2 2022-09-01 2023-08-31 08296723 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08296723 core:ComputerEquipment 2022-09-01 2023-08-31 08296723 core:FurnitureFittings 2022-09-01 2023-08-31 08296723 core:OfficeEquipment 2022-09-01 2023-08-31 08296723 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 08296723 countries:EnglandWales 2022-09-01 2023-08-31 08296723 2022-08-31 08296723 core:FurnitureFittings 2022-08-31 08296723 core:OfficeEquipment 2022-08-31 08296723 core:OtherPropertyPlantEquipment 2022-08-31 08296723 2021-09-01 2022-08-31 08296723 2022-08-31 08296723 core:RetainedEarningsAccumulatedLosses 2022-08-31 08296723 core:ShareCapital 2022-08-31 08296723 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 08296723 core:FurnitureFittings 2022-08-31 08296723 core:OfficeEquipment 2022-08-31 08296723 core:OtherPropertyPlantEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 08296723

Steelworks Leisure Activities Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Steelworks Leisure Activities Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Steelworks Leisure Activities Limited

(Registration number: 08296723)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,622

1,733

Current assets

 

Stocks

5

2,200

2,000

Cash at bank and in hand

 

2,629

2,789

 

4,829

4,789

Creditors: Amounts falling due within one year

6

(7,668)

(8,653)

Net current liabilities

 

(2,839)

(3,864)

Total assets less current liabilities

 

(217)

(2,131)

Provisions for liabilities

(498)

(329)

Net liabilities

 

(715)

(2,460)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(717)

(2,462)

Shareholders' deficit

 

(715)

(2,460)

 

Steelworks Leisure Activities Limited

(Registration number: 08296723)
Balance Sheet as at 31 August 2023

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 January 2024
 

.........................................
Mr Paul Richard Steel
Director

 

Steelworks Leisure Activities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Steelworks Masterson Street
Fenton
Stoke On Trent
Staffordshire
ST4 3QA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

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.

 

Steelworks Leisure Activities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% reducing balance basis

Computer equipment

20% reducing balance basis

Equipment

10% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Steelworks Leisure Activities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Equipment
£

Total
£

Cost or valuation

At 1 September 2022

1,552

1,812

1,355

4,719

Additions

-

-

1,210

1,210

At 31 August 2023

1,552

1,812

2,565

5,929

Depreciation

At 1 September 2022

921

1,561

504

2,986

Charge for the year

63

50

208

321

At 31 August 2023

984

1,611

712

3,307

Carrying amount

At 31 August 2023

568

201

1,853

2,622

At 31 August 2022

631

251

851

1,733

5

Stocks

2023
£

2022
£

Other inventories

2,200

2,000

 

Steelworks Leisure Activities Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

218

-

Accruals and deferred income

1,380

1,230

Other creditors

6,070

7,423

7,668

8,653