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REGISTERED NUMBER: 05124742 (England and Wales)

















Coastline Leisure Limited

Financial Statements for the Year Ended 31 December 2023






Coastline Leisure Limited (Registered number: 05124742)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coastline Leisure Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr J P Northgraves
Mr S Thomson
Mr S Walker





REGISTERED OFFICE: Apartment 3
Collison House
Trinity Lane
Beverley
East Yorkshire
HU17 0AR





REGISTERED NUMBER: 05124742 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Coastline Leisure Limited (Registered number: 05124742)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,341 78,366

CURRENT ASSETS
Stocks 5 944,319 1,535,688
Debtors 6 1,892,355 1,654,983
Cash at bank and in hand 106,325 125,305
2,942,999 3,315,976
CREDITORS
Amounts falling due within one year 7 1,285,626 1,577,754
NET CURRENT ASSETS 1,657,373 1,738,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,794,714

1,816,588

CREDITORS
Amounts falling due after more than one
year

8

-

119,583
NET ASSETS 1,794,714 1,697,005

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 1 1
Retained earnings 1,794,613 1,696,904
SHAREHOLDERS' FUNDS 1,794,714 1,697,005

Coastline Leisure Limited (Registered number: 05124742)

Balance Sheet - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 August 2024 and were signed on its behalf by:





Mr J P Northgraves - Director


Coastline Leisure Limited (Registered number: 05124742)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Coastline Leisure Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at variable rates on reducing balance
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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 year 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 year 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Coastline Leisure Limited (Registered number: 05124742)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 50,000 5,250 16,968
Additions 66,521 - -
At 31 December 2023 116,521 5,250 16,968
DEPRECIATION
At 1 January 2023 2,940 2,625 12,103
Charge for year 2,272 262 1,216
At 31 December 2023 5,212 2,887 13,319
NET BOOK VALUE
At 31 December 2023 111,309 2,363 3,649
At 31 December 2022 47,060 2,625 4,865

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 29,102 82,438 26,165 209,923
Additions 2,878 - - 69,399
At 31 December 2023 31,980 82,438 26,165 279,322
DEPRECIATION
At 1 January 2023 27,969 66,379 19,541 131,557
Charge for year 1,003 4,015 1,656 10,424
At 31 December 2023 28,972 70,394 21,197 141,981
NET BOOK VALUE
At 31 December 2023 3,008 12,044 4,968 137,341
At 31 December 2022 1,133 16,059 6,624 78,366

5. STOCKS
2023 2022
£    £   
Stocks 944,319 1,535,688

Coastline Leisure Limited (Registered number: 05124742)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,611 27,461
Amounts owed by associates 1,823,637 1,534,111
Other debtors 1,547 1,000
VAT 61,560 91,181
Deferred tax asset - 1,230
1,892,355 1,654,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,849 35,000
Trade creditors 546,370 646,596
Receipts in advance 30,000 -
Tax 50,090 111,038
Social security and other taxes 3,064 7,450
Other creditors 461 3,376
Credit card 3,738 -
Directors' current accounts 649,054 114,347
Accrued expenses - 659,947
1,285,626 1,577,754

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 35,000
Bank loans - 2-5 years - 84,583
- 119,583