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Company Registration No. 06755136 (England and Wales)
LIADZ LEISURE LIMITED Unaudited accounts for the year ended 30 November 2023
LIADZ LEISURE LIMITED Unaudited accounts Contents
Page
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LIADZ LEISURE LIMITED Company Information for the year ended 30 November 2023
Directors
Mrs K Dickman Mr J Dickman
Company Number
06755136 (England and Wales)
Registered Office
13-14 Derwent Street Sunderland SR1 3NT England
Accountants
Waite Accountants Limited Hope Street Xchange 1-3 Hind Street Sunderland SR1 3QD
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LIADZ LEISURE LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,724 
79,072 
Current assets
Inventories
22,320 
20,320 
Debtors
5,231 
1,362 
Cash at bank and in hand
285,841 
280,730 
313,392 
302,412 
Creditors: amounts falling due within one year
(214,553)
(255,589)
Net current assets
98,839 
46,823 
Total assets less current liabilities
165,563 
125,895 
Creditors: amounts falling due after more than one year
(9,219)
(26,703)
Provisions for liabilities
Deferred tax
(15,187)
(14,099)
Net assets
141,157 
85,093 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
141,107 
85,043 
Shareholders' funds
141,157 
85,093 
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 17 August 2024 and were signed on its behalf by
Mrs K Dickman Director Company Registration No. 06755136
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LIADZ LEISURE LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
LIADZ LEISURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06755136. The registered office is 13-14 Derwent Street, Sunderland, SR1 3NT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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LIADZ LEISURE LIMITED Notes to the Accounts for the year ended 30 November 2023
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
112,636 
423,237 
5,667 
44,687 
586,227 
Additions
- 
2,720 
- 
5,739 
8,459 
At 30 November 2023
112,636 
425,957 
5,667 
50,426 
594,686 
Depreciation
At 1 December 2022
112,636 
359,224 
986 
34,309 
507,155 
Charge for the year
- 
16,366 
1,170 
3,271 
20,807 
At 30 November 2023
112,636 
375,590 
2,156 
37,580 
527,962 
Net book value
At 30 November 2023
- 
50,367 
3,511 
12,846 
66,724 
At 30 November 2022
- 
64,013 
4,681 
10,378 
79,072 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,231 
787 
Other debtors
- 
575 
5,231 
1,362 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
9,964 
VAT
43,991 
38,391 
Trade creditors
25,905 
23,480 
Taxes and social security
20,710 
23,317 
Other creditors
21,622 
30,624 
Loans from directors
87,262 
121,483 
Accruals
5,063 
8,330 
214,553 
255,589 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,219 
26,703 
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LIADZ LEISURE LIMITED Notes to the Accounts for the year ended 30 November 2023
8
Transactions with related parties
Key management personnel of the entity (in the aggregate) Amount due to related party 2023- £87,262 2022- £121,483 No interest is charged on the above loan.
9
Average number of employees
During the year the average number of employees was 23 (2022: 22).
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