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COMPANY REGISTRATION NUMBER: 06123001
Echos Liquid Leisure Limited
Filleted Unaudited Financial Statements
30 April 2024
Echos Liquid Leisure Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
7,183
10,818
Current assets
Stocks
22,080
26,278
Debtors
6
14,112
35,409
Cash at bank and in hand
592,728
617,506
---------
---------
628,920
679,193
Creditors: amounts falling due within one year
7
210,086
250,438
---------
---------
Net current assets
418,834
428,755
---------
---------
Total assets less current liabilities
426,017
439,573
Creditors: amounts falling due after more than one year
8
18,512
27,500
---------
---------
Net assets
407,505
412,073
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
407,405
411,973
---------
---------
Shareholders funds
407,505
412,073
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Echos Liquid Leisure Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 5 August 2024 , and are signed on behalf of the board by:
Mr S J Leatherland
Director
Company registration number: 06123001
Echos Liquid Leisure Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Echo's Night Club, Biggin Street, Loughborough, LE11 1UA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Fixtures and fittings
-
10% straight line
Office Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2023: 19 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 May 2023
19,923
19,897
12,540
52,360
Additions
549
1,120
1,669
--------
--------
--------
--------
At 30 April 2024
19,923
20,446
13,660
54,029
--------
--------
--------
--------
Depreciation
At 1 May 2023
16,305
17,689
7,548
41,542
Charge for the year
2,253
310
2,741
5,304
--------
--------
--------
--------
At 30 April 2024
18,558
17,999
10,289
46,846
--------
--------
--------
--------
Carrying amount
At 30 April 2024
1,365
2,447
3,371
7,183
--------
--------
--------
--------
At 30 April 2023
3,618
2,208
4,992
10,818
--------
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
1,563
15,493
Other debtors
12,549
19,916
--------
--------
14,112
35,409
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,758
10,000
Trade creditors
14,606
12,833
Corporation tax
23,404
67,105
Social security and other taxes
23,570
34,542
Other creditors
138,748
125,958
---------
---------
210,086
250,438
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
18,512
27,500
--------
--------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S J Leatherland
9,848
173,936
( 185,445)
( 1,661)
-------
---------
---------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S J Leatherland
377
96,917
( 87,446)
9,848
----
--------
--------
-------