Company Registration No. SC299947 (Scotland)
MH Leisure Limited
Unaudited accounts
for the year ended 31 March 2024
MH Leisure Limited
Unaudited accounts
Contents
MH Leisure Limited
Company Information
for the year ended 31 March 2024
Company Number
SC299947 (Scotland)
Registered Office
THE BARN OVERGLINNS
FINTRY
GLASGOW
G63 0LP
Accountants
Braes Accountancy Limited
Ironworks Business Centre
Castlelaurie Industrial Estate
Falkirk
Stirlingshire
FK2 7XE
MH Leisure Limited
Statement of financial position
as at 31 March 2024
Tangible assets
468,268
372,047
Cash at bank and in hand
72,494
33,364
Creditors: amounts falling due within one year
(234,800)
(290,938)
Net current liabilities
(159,087)
(242,176)
Total assets less current liabilities
309,181
129,871
Creditors: amounts falling due after more than one year
(389,488)
(133,289)
Net liabilities
(80,307)
(3,418)
Called up share capital
1
1
Profit and loss account
(80,308)
(3,419)
Shareholders' funds
(80,307)
(3,418)
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 2 August 2024 and were signed on its behalf by
Michael Harrison
Director
Company Registration No. SC299947
MH Leisure Limited
Notes to the Accounts
for the year ended 31 March 2024
MH Leisure Limited is a private company, limited by shares, registered in Scotland, registration number SC299947. The registered office is THE BARN OVERGLINNS, FINTRY, GLASGOW, G63 0LP.
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
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
MH Leisure Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
785,389
56,886
1,735
844,010
Additions
159,037
27,308
-
186,345
At 31 March 2024
944,426
84,194
1,735
1,030,355
At 1 April 2023
449,697
20,531
1,735
471,963
Charge for the year
74,209
15,915
-
90,124
At 31 March 2024
523,906
36,446
1,735
562,087
At 31 March 2024
420,520
47,748
-
468,268
At 31 March 2023
335,692
36,355
-
372,047
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,405
49,052
Obligations under finance leases and hire purchase contracts
7,829
8,213
Trade creditors
2,820
20,049
Taxes and social security
2,342
1,743
Loans from directors
190,978
211,881
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
164,791
102,829
Obligations under finance leases and hire purchase contracts
24,697
30,460
Loans from directors
200,000
-
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).