1 February 2023 false Taxfiler 2024.6 11149502business:PrivateLimitedCompanyLtd2023-02-012024-01-31 111495022023-01-31 111495022023-02-012024-01-31 11149502business:AuditExemptWithAccountantsReport2023-02-012024-01-31 11149502business:FilletedAccounts2023-02-012024-01-31 111495022024-01-31 11149502business:Director12023-02-012024-01-31 11149502business:RegisteredOffice2023-02-012024-01-31 111495022023-01-31 11149502core:WithinOneYear2024-01-31 11149502core:WithinOneYear2023-01-31 11149502core:AfterOneYear2024-01-31 11149502core:AfterOneYear2023-01-31 11149502core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11149502core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11149502core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11149502core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11149502core:PreviouslyStatedAmount2024-01-31 11149502core:PreviouslyStatedAmount2023-01-31 11149502business:SmallEntities2023-02-012024-01-31 11149502countries:EnglandWales2023-02-012024-01-31 11149502core:MotorVehicles2023-02-012024-01-31 11149502core:FurnitureFittings2023-02-012024-01-31 11149502core:MotorVehicles2023-01-31 11149502core:FurnitureFittings2023-01-31 11149502core:MotorVehicles2024-01-31 11149502core:FurnitureFittings2024-01-31 111495022022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11149502 (England and Wales)
Schmidt Leisure Limited Unaudited accounts for the year ended 31 January 2024
Schmidt Leisure Limited Unaudited accounts Contents
Page
- 2 -
Schmidt Leisure Limited Company Information for the year ended 31 January 2024
Director
Peter Schmidt
Company Number
11149502 (England and Wales)
Registered Office
Lane Accountants Denmark House 143 High Street, Chalfont St. Peter Gerrards Cross Buckinghamshire SL9 9QL England
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
- 3 -
Schmidt Leisure Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
982,343 
575,307 
Current assets
Inventories
16,780 
16,780 
Debtors
64,471 
177,010 
Cash at bank and in hand
248,467 
134,127 
329,718 
327,917 
Creditors: amounts falling due within one year
(652,769)
(217,913)
Net current (liabilities)/assets
(323,051)
110,004 
Total assets less current liabilities
659,292 
685,311 
Creditors: amounts falling due after more than one year
(587,887)
(639,186)
Net assets
71,405 
46,125 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
71,404 
46,124 
Shareholders' funds
71,405 
46,125 
For the year ending 31 January 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 15 November 2024 and were signed on its behalf by
Peter Schmidt Director Company Registration No. 11149502
- 4 -
Schmidt Leisure Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Schmidt Leisure Limited is a private company, limited by shares, registered in England and Wales, registration number 11149502. The registered office is Lane Accountants, Denmark House, 143 High Street, Chalfont St. Peter, Gerrards Cross, Buckinghamshire, SL9 9QL, England.
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.
3
Accounting policies
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
- 5 -
Schmidt Leisure Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
778,828 
6,364 
785,192 
Additions
1,420,446 
- 
1,420,446 
Disposals
(929,283)
- 
(929,283)
At 31 January 2024
1,269,991 
6,364 
1,276,355 
Depreciation
At 1 February 2023
206,754 
3,131 
209,885 
Charge for the year
196,570 
- 
196,570 
On disposals
(112,443)
- 
(112,443)
At 31 January 2024
290,881 
3,131 
294,012 
Net book value
At 31 January 2024
979,110 
3,233 
982,343 
At 31 January 2023
572,074 
3,233 
575,307 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
53,882 
166,421 
Other debtors
10,589 
10,589 
64,471 
177,010 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,296 
4,095 
Obligations under finance leases and hire purchase contracts
106,280 
41,233 
Trade creditors
68,580 
72,038 
Taxes and social security
722 
- 
Other creditors
1,215 
1,215 
Loans from directors
467,676 
99,332 
652,769 
217,913 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
521,105 
521,105 
Obligations under finance leases and hire purchase contracts
66,782 
118,081 
587,887 
639,186 
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).
- 6 -