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REGISTERED NUMBER: 09972448 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

SUMMIT LEISURE (KC) LIMITED

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUMMIT LEISURE (KC) LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: K Shaw





REGISTERED OFFICE: 18-22 Market Street
Bolton
Lancashire
BL1 1BU





REGISTERED NUMBER: 09972448 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Balance Sheet
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 250,000 250,000
Tangible assets 5 148,669 152,888
398,669 402,888

CURRENT ASSETS
Stocks 1,772 1,451
Debtors 6 769,914 705,216
Cash at bank and in hand 89,871 105,184
861,557 811,851
CREDITORS
Amounts falling due within one year 7 (261,708 ) (311,627 )
NET CURRENT ASSETS 599,849 500,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,518

903,112

PROVISIONS FOR LIABILITIES (3,908 ) (3,635 )
NET ASSETS 994,610 899,477

CAPITAL AND RESERVES
Called up share capital 8 31,756 31,756
Retained earnings 9 962,854 867,721
SHAREHOLDERS' FUNDS 994,610 899,477

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

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

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Balance Sheet - continued
31 JULY 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 22 February 2024 and were signed by:





K Shaw - Director


SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Summit Leisure (KC) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 balance sheet date.


SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 250,000
NET BOOK VALUE
At 31 July 2023 250,000
At 31 July 2022 250,000

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2022 129,768 32,198 2,549 164,515
Additions - 450 - 450
At 31 July 2023 129,768 32,648 2,549 164,965
DEPRECIATION
At 1 August 2022 - 9,788 1,839 11,627
Charge for year - 4,527 142 4,669
At 31 July 2023 - 14,315 1,981 16,296
NET BOOK VALUE
At 31 July 2023 129,768 18,333 568 148,669
At 31 July 2022 129,768 22,410 710 152,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 240,525
Due from related companies 759,882 448,242
Prepayments and accrued income 10,032 16,449
769,914 705,216

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,276 8,232
Tax 26,300 59,853
Social security and other taxes 22,525 19,280
Other creditors 6,107 -
Due to related companies 198,238 203,238
Accrued expenses 5,262 21,024
261,708 311,627

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 31,756 31,756

9. RESERVES
Retained
earnings
£   

At 1 August 2022 867,721
Profit for the year 95,133
At 31 July 2023 962,854

10. RELATED PARTY DISCLOSURES

Mr K C Shaw is a director of Summit Leisure (Deansgate) Limited, Summit Leisure (Market Street) Limited, Summit Leisure (Swinton) Limited and K Shaw & Sons Limited.

As at 31 July 2023 the company owed the following amounts: Summit Leisure (Market Street) Limited - £60,000 (2022 - £65,000), Summit Leisure (Swinton) Limited - £133,250 (2022 - £133,250), K Shaw & Sons Limited - £4,988 (2022 - £4,988).

As at 31 July 2023 the company was owed the following amounts: Summit Leisure (Deansgate) Limited - £759,882 (2022 - £448,242).

11. ULTIMATE CONTROLLING PARTY

The controlling party is K Shaw.