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
Schmidt Leisure Limited
Company Information
for the year ended 31 January 2024
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
Schmidt Leisure Limited
Statement of financial position
as at 31 January 2024
Tangible assets
982,343
575,307
Cash at bank and in hand
248,467
134,127
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)
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
Schmidt Leisure Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
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:
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
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
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
At 31 January 2024
979,110
3,233
982,343
At 31 January 2023
572,074
3,233
575,307
Amounts falling due within one year
Trade debtors
53,882
166,421
Other debtors
10,589
10,589
6
Creditors: amounts falling due within one year
2024
2023
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
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
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).