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REGISTERED NUMBER: 07963344 (England and Wales)














Unaudited Financial Statements

for the Period 31 March 2022 to 29 March 2023

for

Yourstyle Leisure Limited

Yourstyle Leisure Limited (Registered number: 07963344)






Contents of the Financial Statements
for the Period 31 March 2022 to 29 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Yourstyle Leisure Limited (Registered number: 07963344)

Balance Sheet
29 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,136 83,692

CURRENT ASSETS
Stocks 965,856 997,040
Debtors 5 48,737 36,189
Cash at bank and in hand 14,076 18,457
1,028,669 1,051,686
CREDITORS
Amounts falling due within one year 6 789,568 822,646
NET CURRENT ASSETS 239,101 229,040
TOTAL ASSETS LESS CURRENT LIABILITIES 302,237 312,732

CREDITORS
Amounts falling due after more than one year 7 (66,083 ) (113,148 )

PROVISIONS FOR LIABILITIES (8,408 ) (10,557 )
NET ASSETS 227,746 189,027

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 227,745 189,026
SHAREHOLDERS' FUNDS 227,746 189,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:





J P Hurst - Director


Yourstyle Leisure Limited (Registered number: 07963344)

Notes to the Financial Statements
for the Period 31 March 2022 to 29 March 2023

1. STATUTORY INFORMATION

Yourstyle Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07963344

Registered office: Unit 11
Nat Lane
Winsford
Cheshire
CW7 3BS

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Yourstyle Leisure Limited (Registered number: 07963344)

Notes to the Financial Statements - continued
for the Period 31 March 2022 to 29 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery Equipment
£    £    £   
COST
At 31 March 2022 49,055 30,017 20,973
Additions - 4,970 -
Disposals - - -
At 29 March 2023 49,055 34,987 20,973
DEPRECIATION
At 31 March 2022 20,924 13,832 14,849
Charge for period 7,033 5,289 1,531
Eliminated on disposal - - -
At 29 March 2023 27,957 19,121 16,380
NET BOOK VALUE
At 29 March 2023 21,098 15,866 4,593
At 30 March 2022 28,131 16,185 6,124

Yourstyle Leisure Limited (Registered number: 07963344)

Notes to the Financial Statements - continued
for the Period 31 March 2022 to 29 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 March 2022 42,769 7,714 150,528
Additions 18,000 1,623 24,593
Disposals (42,769 ) - (42,769 )
At 29 March 2023 18,000 9,337 132,352
DEPRECIATION
At 31 March 2022 13,666 3,565 66,836
Charge for period 750 1,443 16,046
Eliminated on disposal (13,666 ) - (13,666 )
At 29 March 2023 750 5,008 69,216
NET BOOK VALUE
At 29 March 2023 17,250 4,329 63,136
At 30 March 2022 29,103 4,149 83,692

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 March 2022 - 42,769 42,769
Additions 4,970 18,000 22,970
Disposals - (42,769 ) (42,769 )
At 29 March 2023 4,970 18,000 22,970
DEPRECIATION
At 31 March 2022 - 13,666 13,666
Charge for period 1,243 750 1,993
Eliminated on disposal - (13,666 ) (13,666 )
At 29 March 2023 1,243 750 1,993
NET BOOK VALUE
At 29 March 2023 3,727 17,250 20,977
At 30 March 2022 - 29,103 29,103

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,087 7,209
Other debtors 34,650 28,980
48,737 36,189

Yourstyle Leisure Limited (Registered number: 07963344)

Notes to the Financial Statements - continued
for the Period 31 March 2022 to 29 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,454 52,382
Hire purchase contracts 475,113 451,937
Trade creditors 1,056 2,056
Taxation and social security 177,931 145,543
Other creditors 107,014 170,728
789,568 822,646

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 53,333 83,463
Hire purchase contracts 12,750 29,685
66,083 113,148

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 487,863 481,622

The hire purchases are secured against the asset to which they relate.