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Company Registration No. 08579982 (England and Wales)
Bibby Leisure Limited Unaudited accounts for the year ended 30 November 2023
Bibby Leisure Limited Unaudited accounts Contents
Page
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Bibby Leisure Limited Company Information for the year ended 30 November 2023
Directors
Mr E Bibby Mrs Anna Bibby
Company Number
08579982 (England and Wales)
Registered Office
THE DOWNSHIRE 71 BALDWINS LANE CROXLEY GREEN RICKMANSWORTH HERTS WD3 3LT
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
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Bibby Leisure Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
945,248 
625,480 
Current assets
Inventories
925 
925 
Cash at bank and in hand
10,664 
142,671 
11,589 
143,596 
Creditors: amounts falling due within one year
(319,963)
(223,727)
Net current liabilities
(308,374)
(80,131)
Total assets less current liabilities
636,874 
545,349 
Creditors: amounts falling due after more than one year
(236,965)
(170,076)
Provisions for liabilities
Deferred tax
(29,089)
(19,776)
Net assets
370,820 
355,497 
Capital and reserves
Called up share capital
82 
82 
Capital redemption reserve
18 
18 
Profit and loss account
370,720 
355,397 
Shareholders' funds
370,820 
355,497 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by
Mr E Bibby Director Company Registration No. 08579982
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Bibby Leisure Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Bibby Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 08579982. The registered office is THE DOWNSHIRE 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net receipts including invoiced sales of goods and services to customers, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Straight Line
Plant & machinery
10% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Stock is valued at the lower of cost and net realisable value. Stock is calculated using the first in first out method.
Deferred taxation
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Pension costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account in the year in which they are made.
Going concern
These financial statements have been prepared on a going concern basis.
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Bibby Leisure Limited Notes to the Accounts for the year ended 30 November 2023
Retained profit on shares buy back
The company bought back 18 shares at £14000 per share during the year
Capital Redemption Reserve
The company bought back it's 18 shares during the year.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
537,606 
177,125 
34,125 
375,028 
1,123,884 
Additions
- 
325,980 
- 
91,515 
417,495 
At 30 November 2023
537,606 
503,105 
34,125 
466,543 
1,541,379 
Depreciation
At 1 December 2022
47,668 
145,669 
29,512 
275,555 
498,404 
Charge for the year
5,376 
49,852 
4,613 
37,886 
97,727 
At 30 November 2023
53,044 
195,521 
34,125 
313,441 
596,131 
Net book value
At 30 November 2023
484,562 
307,584 
- 
153,102 
945,248 
At 30 November 2022
489,938 
31,456 
4,613 
99,473 
625,480 
The National Westminster Bank has a fixed charge on Bibby's Beach Bar and Beach Area, Point Sea Lane, Ingoldmells and fixed & floating charge on undertaking and assets present.
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
54,415 
54,415 
Obligations under finance leases and hire purchase contracts
48,636 
3,624 
Trade creditors
3,768 
8,934 
Taxes and social security
- 
25,854 
Other creditors
34,131 
125,449 
Loans from directors
179,013 
5,451 
319,963 
223,727 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
144,861 
170,076 
Obligations under finance leases and hire purchase contracts
92,104 
- 
236,965 
170,076 
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Bibby Leisure Limited Notes to the Accounts for the year ended 30 November 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
82 Ordinary shares of £1 each
82 
82 
9
Transactions with related parties
The company was under the control of Mr. E Bibby and Mr B Bibby and their wives on 31st March Mr E Bibby with his wife became the controlling party.
10
Average number of employees
During the year the average number of employees was 30 (2022: 30).
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