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REGISTERED NUMBER: 09302287 (England and Wales)













BROUGHTON LEISURE LTD

STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 6

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


BROUGHTON LEISURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D A Henson





REGISTERED OFFICE: C/o Saundersfoot Bay Leisure Ltd
Broadfield
Saundersfoot
Pembrokeshire
SA69 9DG





REGISTERED NUMBER: 09302287 (England and Wales)





AUDITORS: Redwood Wales Limited
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023


The director presents his strategic report for the year ended 31 December 2023.

REVIEW OF BUSINESS
Broughton Leisure is proud to be an exclusive supplier of ABI, Atlas, Carnaby and Sunseeker Holiday Homes throughout South and West Wales. The showground in the heart of Pembrokshire has a large choice of new and pre owned Holiday Homes on display, to suit all tastes and budgets.

The caravan trade in the UK has been buoyant in the last couple of years as the tourism sector has benefitted from families taking holidays domestically creating an increased demand for caravans and other similar accommodation.

The factors above have resulted in turnover continuing to increase to £15.3M (2022: £11.4M) and operating profits increasing to £1.9M (2022: £927K). Such results encourages the company to continue expanding while providing jobs for the local communities.

Key performance indicators

2023 2022
Revenue £15,339,586 £11,393,965
Gross profit £2,399,686 £1,334,442
Gross profit % 15.6% 11.7%
Profit before tax £1,931,323 £927,367

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risk facing the company is the strength of the UK economy, with leisure activities not seen as an essential household expense which could mean families foregoing such costs during the current cost of living crises. However in recent years, the UK tourism industry has witnessed a boost particularly after lowdown, with many families deciding to holiday domestically.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
The Company operates a number of risk management policies designed to minimise its exposure to financial risk.

LIQUIDITY AND CASHFLOW RISK
The company produces detailed management accounts and forecasts, which enables the directors to monitor the cash position and to ensure that there is sufficient liquidity and cashflow to minimise the risk of the Company being unable to pay its debts as they fall due.

CREDIT RISK
The Company operates a number of policies and controls to minimise credit risk. All customers are subject to a detailed review prior to any terms being agreed, the Company will only conduct business with customers deemed to be credit worthy.


BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

PRICE RISK
The Company actively manage price by maintaining strong relationships and agreeing terms with suppliers prior to entering into any transactions with customers.

ON BEHALF OF THE BOARD:





D A Henson - Director


17 September 2024

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2023


The director presents his report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of caravan sales.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2023 was £1,000,000 payable to the parent company.

DIRECTOR
D A Henson held office during the whole of the period from 1 January 2023 to the date of this report.

GOING CONCERN
The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future. In making this assessment the directors have reviewed the balance sheet, the likely future cash flow of the business and considered the facilities that are in place at the date of signing the report.

The Company meets its day to day working capital requirements from its cash reserves. At the date of signing the report, sales continued to meet budgeted levels with no indication at the current time this position will change. The forecasts and projections therefore show that the Company will be able to operate within those factualities. At the time of approving the financial statements, the director have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 DECEMBER 2023


AUDITORS
The auditors, Redwood Wales Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D A Henson - Director


17 September 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BROUGHTON LEISURE LTD


Opinion
We have audited the financial statements of Broughton Leisure Ltd (the 'company') for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BROUGHTON LEISURE LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud.

We obtain an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations the Company. The key laws and regulations we consider in this context include UK Companies Act and relevant tax legislation.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BROUGHTON LEISURE LTD



Audit procedures performed by the engagement team to respond to the risk of irregularities and non-compliance with laws and regulations, including fraud, include the following:
- discussions with management in respect of any actual or potential litigation claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- testing the appropriateness of journal enteries and other adjustments to address the risk of fraud through management override of controls;
- review of the financial statement disclosures and testing to supporting documentation to assess the compliance with relevant laws and regulations; and
- evaluating the business rationale of any significant transitions that are unusual or outside the normal course of business.

There are inherent limitations the audit procedures which means we are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forger or intentions misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Howells FCCA (Senior Statutory Auditor)
for and on behalf of Redwood Wales Limited
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

17 September 2024

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £    £   

TURNOVER 15,339,586 11,393,965

Cost of sales 12,939,900 10,059,523
GROSS PROFIT 2,399,686 1,334,442

Administrative expenses 463,689 406,451
OPERATING PROFIT 4 1,935,997 927,991


Interest payable and similar expenses 5 4,674 624
PROFIT BEFORE TAXATION 1,931,323 927,367

Tax on profit 6 465,139 185,495
PROFIT FOR THE FINANCIAL YEAR 1,466,184 741,872

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 1,466,184 741,872


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

1,466,184

741,872

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 95,000 100,000
Tangible assets 9 1,761,639 1,743,077
1,856,639 1,843,077

CURRENT ASSETS
Stocks 10 1,251,870 1,800,710
Debtors 11 3,380,627 3,647,375
Cash at bank and in hand 2,135,904 1,347,472
6,768,401 6,795,557
CREDITORS
Amounts falling due within one year 12 5,027,510 5,513,225
NET CURRENT ASSETS 1,740,891 1,282,332
TOTAL ASSETS LESS CURRENT LIABILITIES 3,597,530 3,125,409

PROVISIONS FOR LIABILITIES 13 204,964 199,027
NET ASSETS 3,392,566 2,926,382

CAPITAL AND RESERVES
Called up share capital 14 100 100
Retained earnings 15 3,392,466 2,926,282
SHAREHOLDERS' FUNDS 3,392,566 2,926,382

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





D A Henson - Director


BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 100 2,194,410 2,194,510

Changes in equity
Dividends - (10,000 ) (10,000 )
Total comprehensive income - 741,872 741,872
Balance at 31 December 2022 100 2,926,282 2,926,382

Changes in equity
Dividends - (1,000,000 ) (1,000,000 )
Total comprehensive income - 1,466,184 1,466,184
Balance at 31 December 2023 100 3,392,466 3,392,566

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Broughton Leisure Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
This company is a qualifying entity for the purposes of FRS102, being a member of a group where the parent of that group prepares publicaly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilites, finanical position and profit or loss of the group.
The Company has therefore taken advantage of the exemptions from the following disclosure requirements:

- Section 4 ' Statement of financial position' - reconciliation of opening and closing shares;
-Section 7 'Statement of cash flows' - presentation of a statement of cash flows and related notes and disclosures;
- Section 11 'Basic finanical instruments' and section 12'Other finacial instruments;basis determining fair values; details of collateral, loan defualts or breaches, details of hedges, heding fair value changes recognised in the profit or loss and in other comprehensive income'
- Section 33 'related party disclosures'.

The financial statements of the company are consolidated in the finanical statements of Henson Leisure Holdings Limited. These consolidated financial statements are available from its registered office

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property2% on cost
Motor vehicles25% reducing balance
Plant & machinery10% reducing balance & 5% cost
Fixtures & fittings15% on cost
Leasehold4% on cost

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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.

Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment the directors have reviewed the balance sheet, the likely future cash flows of the business and have considered the facilities that are in place at the date of signing th report.

The company meets its day to day working capital requirements from its cash reserves and overdraft facilities, from the company's forecasts and projections. However, the extent of reduced consumer spending is unclear and it is difficult to evaluate all potential implications on the company's trade, customers, suppliers and the wider economy.

The directors have a reasonable expectation that with the support of its funded and parent company, in the form of facility levels which it has historically been provided with, in the scenarios reviewed the company will be able to continue to operate within those facilities.

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resourced to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each reporting date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less cost to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessment of the value of money and the risks specific to the asset for which the estimates of future cashflow have not been adjusted.

If the recoverable amount of an asset (or CGU) is estimated to be less than the carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognised immediately in the profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only id, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determine had no impairment loss been recognised for the asset (or CGU) in prior years. A reversal of an impairment loss is recognised immedialty in profit or loss, unless the relevant asset is caried at a revalued amount, in which case the reversal of the impairment loss's treated as a revaluation increase.

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 258,123 264,778
Social security costs 26,451 27,349
Other pension costs 5,583 5,460
290,157 297,587

The average number of employees during the year was as follows:
2023 2022

8 9

2023 2022
£    £   
Director's remuneration - -

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 66,754 90,448
Profit on disposal of fixed assets (3,243 ) (69,139 )
Goodwill amortisation 5,000 5,000
Auditors' remuneration 5,000 -

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest 4,674 624

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 459,202 111,562

Deferred tax 5,937 73,933
Tax on profit 465,139 185,495

7. DIVIDENDS
2023 2022
£    £   
Ordinary shares of 1 each
Final 1,000,000 10,000

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 125,000
AMORTISATION
At 1 January 2023 25,000
Amortisation for year 5,000
At 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 95,000
At 31 December 2022 100,000

9. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 949,419 50,000 781,004
Additions - - 650,633
Disposals - - (727,079 )
At 31 December 2023 949,419 50,000 704,558
DEPRECIATION
At 1 January 2023 80,043 10,000 38,187
Charge for year 18,988 2,000 19,839
Eliminated on disposal - - (28,757 )
At 31 December 2023 99,031 12,000 29,269
NET BOOK VALUE
At 31 December 2023 850,388 38,000 675,289
At 31 December 2022 869,376 40,000 742,817

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 1,842 120,162 1,902,427
Additions - 188,500 839,133
Disposals - (58,284 ) (785,363 )
At 31 December 2023 1,842 250,378 1,956,197
DEPRECIATION
At 1 January 2023 1,043 30,077 159,350
Charge for year 276 25,651 66,754
Eliminated on disposal - (2,789 ) (31,546 )
At 31 December 2023 1,319 52,939 194,558
NET BOOK VALUE
At 31 December 2023 523 197,439 1,761,639
At 31 December 2022 799 90,085 1,743,077

10. STOCKS
2023 2022
£    £   
Stocks 1,251,870 1,800,710

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,426,536 2,926,032
Amounts owed by group undertakings 914,441 685,553
Other debtors - 1
VAT 35,762 30,978
Prepayments 3,888 4,811
3,380,627 3,647,375

BROUGHTON LEISURE LTD (REGISTERED NUMBER: 09302287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,184,785 4,897,498
Amounts owed to group undertakings 1,107,719 117,670
Tax 389,877 111,562
Other creditors 191,778 280,518
Accruals and deferred income 13,457 89,392
Accrued expenses 139,894 16,585
5,027,510 5,513,225

13. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 204,964 199,027

Deferred
tax
£   
Balance at 1 January 2023 199,027
Provided during year 5,937
Balance at 31 December 2023 204,964

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

15. RESERVES
Retained
earnings
£   

At 1 January 2023 2,926,282
Profit for the year 1,466,184
Dividends (1,000,000 )
At 31 December 2023 3,392,466

16. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Henson Leisure Holdings.
Henson Leisure Holdings prepare consolidated financial statements of which the results of this company are included. The consolidated financial statements are available at the registered office.