Acorah Software Products - Accounts Production 16.0.110 false true 27 September 2022 1 October 2021 false 28 September 2022 25 September 2023 25 September 2023 06576014 Mr Steven Fisher Miss Sara Bradley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06576014 2022-09-27 06576014 2023-09-25 06576014 2022-09-28 2023-09-25 06576014 frs-core:CurrentFinancialInstruments 2023-09-25 06576014 frs-core:Non-currentFinancialInstruments 2023-09-25 06576014 frs-core:FurnitureFittings 2023-09-25 06576014 frs-core:FurnitureFittings 2022-09-28 2023-09-25 06576014 frs-core:FurnitureFittings 2022-09-27 06576014 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-25 06576014 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-28 2023-09-25 06576014 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-27 06576014 frs-core:MotorVehicles 2023-09-25 06576014 frs-core:MotorVehicles 2022-09-28 2023-09-25 06576014 frs-core:MotorVehicles 2022-09-27 06576014 frs-core:PlantMachinery 2023-09-25 06576014 frs-core:PlantMachinery 2022-09-28 2023-09-25 06576014 frs-core:PlantMachinery 2022-09-27 06576014 frs-core:WithinOneYear 2023-09-25 06576014 frs-core:ShareCapital 2023-09-25 06576014 frs-core:RetainedEarningsAccumulatedLosses 2023-09-25 06576014 frs-bus:PrivateLimitedCompanyLtd 2022-09-28 2023-09-25 06576014 frs-bus:FilletedAccounts 2022-09-28 2023-09-25 06576014 frs-bus:SmallEntities 2022-09-28 2023-09-25 06576014 frs-bus:AuditExempt-NoAccountantsReport 2022-09-28 2023-09-25 06576014 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-28 2023-09-25 06576014 frs-bus:Director1 2022-09-28 2023-09-25 06576014 frs-bus:Director2 2022-09-28 2023-09-25 06576014 frs-countries:EnglandWales 2022-09-28 2023-09-25 06576014 2021-09-30 06576014 2022-09-27 06576014 2021-10-01 2022-09-27 06576014 frs-core:CurrentFinancialInstruments 2022-09-27 06576014 frs-core:Non-currentFinancialInstruments 2022-09-27 06576014 frs-core:WithinOneYear 2022-09-27 06576014 frs-core:ShareCapital 2022-09-27 06576014 frs-core:RetainedEarningsAccumulatedLosses 2022-09-27
Registered number: 06576014
S.F.Leisure Europe Ltd
Unaudited Financial Statements
For The Year Ended 25 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06576014
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 712,398 754,430
712,398 754,430
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 28,027 24,629
Cash at bank and in hand 37,001 35,169
75,028 69,798
Creditors: Amounts Falling Due Within One Year 7 (367,760 ) (310,075 )
NET CURRENT ASSETS (LIABILITIES) (292,732 ) (240,277 )
TOTAL ASSETS LESS CURRENT LIABILITIES 419,666 514,153
Creditors: Amounts Falling Due After More Than One Year 8 (356,560 ) (429,405 )
NET ASSETS 63,106 84,748
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 63,096 84,738
SHAREHOLDERS' FUNDS 63,106 84,748
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For the year ending 25 September 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Fisher
Director
11/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
S.F.Leisure Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06576014 . The registered office is Park Grange Farm Gawthorpe Lane, Gawthorpe, Ossett, West Yorkshire, WF5 9BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Straight line
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 6)
5 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 28 September 2022 687,586 202,279 132,541 102,445 1,124,851
Additions - 3,711 - 750 4,461
As at 25 September 2023 687,586 205,990 132,541 103,195 1,129,312
Depreciation
As at 28 September 2022 93,956 90,210 91,073 95,182 370,421
Provided during the period 13,752 16,979 10,367 5,395 46,493
As at 25 September 2023 107,708 107,189 101,440 100,577 416,914
Net Book Value
As at 25 September 2023 579,878 98,801 31,101 2,618 712,398
As at 28 September 2022 593,630 112,069 41,468 7,263 754,430
5. Stocks
2023 2022
£ £
Finished goods 10,000 10,000
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,056 22,259
Prepayments and accrued income 971 2,370
28,027 24,629
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 15,253 18,337
Trade creditors 22,284 47,674
Corporation tax 21,784 20,485
Other taxes and social security 26,716 20,338
VAT 97,235 54,016
Other creditors 2,903 3,878
Accruals and deferred income 3,500 3,500
Directors' loan accounts 164,164 141,847
Amounts owed to group undertakings 13,921 -
367,760 310,075
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 31,467 40,610
Other creditors 325,093 388,795
356,560 429,405
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,253 18,337
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
11. Related Party Transactions
Norther Monkey Yorkshire Limited
Under common control
As at the balance sheet date the amount owed to related party was £4,604.65.
Hermosa Farm Spa Limited
Under common control
As at the balance sheet date the amount owed to related party was £470.
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