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REGISTERED NUMBER: SC555228 (Scotland)















Financial Statements

for the Year Ended

31st January 2024

for

KWS Leisure Ltd

KWS Leisure Ltd (Registered number: SC555228)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KWS Leisure Ltd

Company Information
for the Year Ended 31st January 2024







DIRECTOR: K Sivewright





REGISTERED OFFICE: Devitos
11 Millgate
Arbroath
DD11 1NN





REGISTERED NUMBER: SC555228 (Scotland)






KWS Leisure Ltd (Registered number: SC555228)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,058 21,424

CURRENT ASSETS
Stocks 4,500 2,000
Debtors 5 7,694 15,000
Cash at bank and in hand 2,679 32,407
14,873 49,407
CREDITORS
Amounts falling due within one year 6 8,509 11,448
NET CURRENT ASSETS 6,364 37,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,422

59,383

CREDITORS
Amounts falling due after more than one
year

7

26,483

33,663
NET ASSETS 11,939 25,720

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,938 25,719
SHAREHOLDERS' FUNDS 11,939 25,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KWS Leisure Ltd (Registered number: SC555228)

Balance Sheet - continued
31st January 2024


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 director and authorised for issue on 11th September 2024 and were signed by:





K Sivewright - Director


KWS Leisure Ltd (Registered number: SC555228)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

KWS Leisure Ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

KWS Leisure Ltd (Registered number: SC555228)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st February 2023 6,643 29,097 5,894 41,634
Additions 11,213 7,100 - 18,313
At 31st January 2024 17,856 36,197 5,894 59,947
DEPRECIATION
At 1st February 2023 4,060 13,194 2,956 20,210
Charge for year 1,380 5,751 548 7,679
At 31st January 2024 5,440 18,945 3,504 27,889
NET BOOK VALUE
At 31st January 2024 12,416 17,252 2,390 32,058
At 31st January 2023 2,583 15,903 2,938 21,424

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 7,694 15,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,541 2,900
Taxation and social security 4,025 4,801
Other creditors 2,943 3,747
8,509 11,448

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 26,483 33,663