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REGISTERED NUMBER: 10748979 (England and Wales)














Abridged Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Kudos Leisure Ltd

Kudos Leisure Ltd (Registered number: 10748979)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Kudos Leisure Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr D A Reid





REGISTERED OFFICE: 8 Marsden Park
James Nicolson Link
Clifton Moor
York
YO30 4WX





BUSINESS ADDRESS: Unit 32
Carlton Lanes Shopping Centre
Castleford
West Yorkshire
WF10 1AD





REGISTERED NUMBER: 10748979 (England and Wales)





ACCOUNTANTS: Peckitt Ogden & Co
Chartered Certified Accountants
8 Marsden Park
James Nicolson Link
Clifton Moor
York
YO30 4WX

Kudos Leisure Ltd (Registered number: 10748979)

Abridged Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,150 9,100
Tangible assets 5 45,921 46,800
53,071 55,900

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 2,947 2,898
Cash at bank and in hand 17,635 9,236
23,082 14,634
CREDITORS
Amounts falling due within one year 21,569 32,856
NET CURRENT ASSETS/(LIABILITIES) 1,513 (18,222 )
TOTAL ASSETS LESS CURRENT LIABILITIES 54,584 37,678

CREDITORS
Amounts falling due after more than one
year

6

(34,687

)

(41,151

)

PROVISIONS FOR LIABILITIES (5,122 ) -
NET ASSETS/(LIABILITIES) 14,775 (3,473 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 14,774 (3,474 )
SHAREHOLDERS' FUNDS 14,775 (3,473 )

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

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

Kudos Leisure Ltd (Registered number: 10748979)

Abridged Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:





Mr D A Reid - Director


Kudos Leisure Ltd (Registered number: 10748979)

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

1. STATUTORY INFORMATION

Kudos Leisure Ltd 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.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% 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.

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.

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 year was 9 (2022 - 9 ) .

Kudos Leisure Ltd (Registered number: 10748979)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 19,500
AMORTISATION
At 1 September 2022 10,400
Amortisation for year 1,950
At 31 August 2023 12,350
NET BOOK VALUE

At 31 August 2023 7,150
At 31 August 2022 9,100

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2022 18,962 38,390 32,791 90,143
Additions - 4,951 - 4,951
At 31 August 2023 18,962 43,341 32,791 95,094
DEPRECIATION
At 1 September 2022 - 25,102 18,241 43,343
Charge for year - 3,647 2,183 5,830
At 31 August 2023 - 28,749 20,424 49,173
NET BOOK VALUE
At 31 August 2023 18,962 14,592 12,367 45,921
At 31 August 2022 18,962 13,288 14,550 46,800

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 10,333 17,497

Kudos Leisure Ltd (Registered number: 10748979)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,500 22,500
Between one and five years 74,682 90,000
In more than five years - 7,182
97,182 119,682

8. CALLED UP SHARE CAPITAL

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