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
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
Bibby Leisure Limited
Statement of financial position
as at 30 November 2023
Tangible assets
945,248
625,480
Cash at bank and in hand
10,664
142,671
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
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
Bibby Leisure Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Stock is valued at the lower of cost and net realisable value.
Stock is calculated using the first in first out method.
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.
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.
These financial statements have been prepared on a going concern basis.
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
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
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
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
-
Bibby Leisure Limited
Notes to the Accounts
for the year ended 30 November 2023
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).