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
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
LIADZ LEISURE LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
66,724
79,072
Cash at bank and in hand
285,841
280,730
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)
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
LIADZ LEISURE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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
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
At 30 November 2023
-
50,367
3,511
12,846
66,724
At 30 November 2022
-
64,013
4,681
10,378
79,072
Amounts falling due within one year
Accrued income and prepayments
5,231
787
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
9,964
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
7
Creditors: amounts falling due after more than one year
2023
2022
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).