Registered number
SC559619
Central Scotland Leisure (CSL) Limited
Jump 'N' Joy
Filleted Accounts
31 March 2024
Central Scotland Leisure (CSL) Limited
Registered number: SC559619
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 76,765 98,167
Current assets
Stocks 5,000 10,000
Debtors 4 11,488 2,917
Cash at bank and in hand 171,707 236,913
188,195 249,830
Creditors: amounts falling due within one year 5 (86,169) (81,614)
Net current assets 102,026 168,216
Total assets less current liabilities 178,791 266,383
Creditors: amounts falling due after more than one year 6 (32,534) (178,950)
Provisions for liabilities - (1,074)
Net assets 146,257 86,359
Capital and reserves
Called up share capital 1 1
Profit and loss account 146,256 86,358
Shareholder's funds 146,257 86,359
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr HS Ertekin
Director
Approved by the board on 30 September 2024
Central Scotland Leisure (CSL) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold Improvements over Straight line over 10 years
Plant and equipment 10% straight line
Fixtures and Fittings 25% reducing balance
IT Equipment 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 19
3 Tangible fixed assets
Leasehold improve-ments Plant and equipment Fixtures, fittings & computers Total
£ £ £ £
Cost
At 1 April 2023 68,751 145,024 11,119 224,894
At 31 March 2024 68,751 145,024 11,119 224,894
Depreciation
At 1 April 2023 33,807 83,453 9,467 126,727
Charge for the year 6,490 14,502 410 21,402
At 31 March 2024 40,297 97,955 9,877 148,129
Net book value
At 31 March 2024 28,454 47,069 1,242 76,765
At 31 March 2023 34,944 61,571 1,652 98,167
4 Debtors 2024 2023
£ £
Other debtors 11,488 2,917
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 14,226 13,629
Taxation and social security costs 45,572 40,049
Other creditors 10,455 9,384
Accruals and deferred income 5,916 8,552
86,169 81,614
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,667 21,667
Directors loan accounts 20,867 107,283
Other creditors - 50,000
32,534 178,950
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 128,348 163,352
8 Controlling party
Sole director and shareholder is Mr H Ertekin.
9 Other information
Central Scotland Leisure (CSL) Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Unit 1-2
Dumyat Business Park
Bond Street
Tullibody
FK10 2PB
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