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REGISTERED NUMBER: 10814205 (England and Wales)















In Leisure Limited

Unaudited Financial Statements for the Year Ended 29 December 2023






In Leisure Limited (Registered number: 10814205)






Contents of the Financial Statements
for the Year Ended 29 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


In Leisure Limited

Company Information
for the Year Ended 29 December 2023







DIRECTORS: Mr M Ball
Mr M Heywood





REGISTERED OFFICE: 28A Princes Street
Southport
Merseyside
PR8 1EQ





REGISTERED NUMBER: 10814205 (England and Wales)





ACCOUNTANTS: Advance Chartered Certified Accountants
71-73 Hoghton Street
Southport
Merseyside
PR9 0PR

In Leisure Limited (Registered number: 10814205)

Abridged Balance Sheet
29 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,191 37,812
Tangible assets 5 64,658 81,516
Investments 6 4 1
95,853 119,329

CURRENT ASSETS
Stocks - 661
Debtors 7 563,626 251,137
Investments 1,401 96,182
Cash at bank and in hand 69,734 55,774
634,761 403,754
CREDITORS
Amounts falling due within one year 158,475 123,261
NET CURRENT ASSETS 476,286 280,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,139

399,822

CREDITORS
Amounts falling due after more than one
year

149,886

138,531
NET ASSETS 422,253 261,291

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 99,972 99,972
Retained earnings 322,181 161,219
SHAREHOLDERS' FUNDS 422,253 261,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

In Leisure Limited (Registered number: 10814205)

Abridged Balance Sheet - continued
29 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2024 and were signed on its behalf by:





Mr M Ball - Director


In Leisure Limited (Registered number: 10814205)

Notes to the Financial Statements
for the Year Ended 29 December 2023

1. STATUTORY INFORMATION

In Leisure 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), as adapted by Section 1A of FRS 102, and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

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

Plant & Machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company 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.

In Leisure Limited (Registered number: 10814205)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Other investments

Other investments are recognised at cost and are reviewed for impairments losses on an annual basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


In Leisure Limited (Registered number: 10814205)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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 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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 December 2022
and 29 December 2023 66,207
AMORTISATION
At 30 December 2022 28,395
Amortisation for year 6,621
At 29 December 2023 35,016
NET BOOK VALUE

At 29 December 2023 31,191
At 29 December 2022 37,812

In Leisure Limited (Registered number: 10814205)

Notes to the Financial Statements - continued
for the Year Ended 29 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 December 2022 198,578
Additions 3,855
At 29 December 2023 202,433
DEPRECIATION
At 30 December 2022 117,062
Charge for year 20,713
At 29 December 2023 137,775
NET BOOK VALUE
At 29 December 2023 64,658
At 29 December 2022 81,516

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 30 December 2022 1
Additions 4
Disposals (1 )
At 29 December 2023 4
NET BOOK VALUE
At 29 December 2023 4
At 29 December 2022 1

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed by group undertakings 127,587 170,752