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REGISTERED NUMBER: 03515119 (England and Wales)














Financial Statements

for the Year Ended 31st December 2023

for

FENLAND LEISURE PRODUCTS LIMITED
TRADING AS
ONLINE PLAYGROUNDS

FENLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03515119)
TRADING AS ONLINE PLAYGROUNDS






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

FENLAND LEISURE PRODUCTS LIMITED
TRADING AS ONLINE PLAYGROUNDS

Company Information
for the Year Ended 31st December 2023







DIRECTORS: A J Sparrow
J Sparrow



SECRETARIES: A J Sparrow
Miss A J Griffin



REGISTERED OFFICE: Fenland House
Padgetts Road
Christchurch
Wisbech
Cambridgeshire
PE14 9PJ



REGISTERED NUMBER: 03515119 (England and Wales)



ACCOUNTANTS: John Wildman Chartered Accountants
15 Grove Place
Bedford
MK40 3JJ



BANKERS: Lloyds Bank plc
3 North Brink
Wisbech
Cambridgeshire
PE13 1JT

FENLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03515119)
TRADING AS ONLINE PLAYGROUNDS

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361,895 370,090

CURRENT ASSETS
Stocks 5 342,579 304,498
Debtors 6 203,824 125,229
Cash at bank and in hand 83,245 192,928
629,648 622,655
CREDITORS
Amounts falling due within one year 7 430,742 500,017
NET CURRENT ASSETS 198,906 122,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

560,801

492,728

CREDITORS
Amounts falling due after more than
one year

8

(131,744

)

(120,182

)

PROVISIONS FOR LIABILITIES 10 (59,485 ) (46,620 )
NET ASSETS 369,572 325,926

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 369,372 325,726
SHAREHOLDERS' FUNDS 369,572 325,926

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

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

FENLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03515119)
TRADING AS ONLINE PLAYGROUNDS

Balance Sheet - continued
31st December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:





A J Sparrow - Director


FENLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03515119)
TRADING AS ONLINE PLAYGROUNDS

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Fenland Leisure Products 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.

These financial statements are prepared on the going concern basis as it is the intention of the directors to continue supporting the company for the foreseeable future.

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 the cost less estimated residual value of each asset over its estimated useful life.
Buildings - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% 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 Income Statement, 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.

FENLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03515119)
TRADING AS ONLINE PLAYGROUNDS

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

2. ACCOUNTING POLICIES - continued

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 26 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
Buildings machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 567,518 551,904 99,894 100,185 1,319,501
Additions - 26,455 30,432 - 56,887
Disposals - - (23,088 ) - (23,088 )
At 31st December 2023 567,518 578,359 107,238 100,185 1,353,300
DEPRECIATION
At 1st January 2023 455,518 384,520 26,661 82,712 949,411
Charge for year - 36,745 19,481 3,377 59,603
Eliminated on disposal - - (17,609 ) - (17,609 )
At 31st December 2023 455,518 421,265 28,533 86,089 991,405
NET BOOK VALUE
At 31st December 2023 112,000 157,094 78,705 14,096 361,895
At 31st December 2022 112,000 167,384 73,233 17,473 370,090

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 342,579 304,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 170,520 91,925
Directors' loan accounts 25,135 25,135
Corporation tax refundable 8,169 8,169
203,824 125,229

FENLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03515119)
TRADING AS ONLINE PLAYGROUNDS

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 24,049 43,600
Hire purchase contracts 45,524 62,166
Trade creditors 245,440 231,723
Corporation tax 26,114 38,710
PAYE & NI 17,211 15,845
VAT 65,007 100,920
Other creditors 3,208 2,864
Directors' loan accounts 1,889 1,889
Accrued expenses 2,300 2,300
430,742 500,017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 94,909 49,685
Bank loan - BBL 14,167 24,167
Hire purchase contracts 22,668 46,330
131,744 120,182

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 133,125 117,452

Debenture dated 16 July 2008 held by Lloyds Bank plc over all the company property and assets.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 59,485 46,620

Deferred
tax
£   
Balance at 1st January 2023 46,620
Provided during year (1,857 )
Tax rate increase 14,722
Balance at 31st December 2023 59,485

FENLAND LEISURE PRODUCTS LIMITED (REGISTERED NUMBER: 03515119)
TRADING AS ONLINE PLAYGROUNDS

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

31.12.23 31.12.22
£    £   
A J Sparrow
Balance outstanding at start of year 25,135 25,135
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,135 25,135

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fenland Leisure Products Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fenland Leisure Products Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fenland Leisure Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fenland Leisure Products Limited and state those matters that we have agreed to state to the Board of Directors of Fenland Leisure Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fenland Leisure Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fenland Leisure Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fenland Leisure Products Limited. You consider that Fenland Leisure Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fenland Leisure Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






John Wildman Chartered Accountants
15 Grove Place
Bedford
MK40 3JJ


9th September 2024