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REGISTERED NUMBER: 07952201 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LEISUREQUEST (PAINTBALLING) LTD

LEISUREQUEST (PAINTBALLING) LTD (REGISTERED NUMBER: 07952201)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEISUREQUEST (PAINTBALLING) LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: G Stroud





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 07952201 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

LEISUREQUEST (PAINTBALLING) LTD (REGISTERED NUMBER: 07952201)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,600

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 (103,434 ) (210,156 )
Cash at bank 138 -
(99,796 ) (206,656 )
CREDITORS
Amounts falling due within one year 6 179,734 64,380
NET CURRENT LIABILITIES (279,530 ) (271,036 )
TOTAL ASSETS LESS CURRENT LIABILITIES (279,530 ) (269,436 )

CREDITORS
Amounts falling due after more than one
year

7

27,648

41,625
NET LIABILITIES (307,178 ) (311,061 )

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 (307,182 ) (311,065 )
SHAREHOLDERS' FUNDS (307,178 ) (311,061 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LEISUREQUEST (PAINTBALLING) LTD (REGISTERED NUMBER: 07952201)

BALANCE SHEET - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2024 and were signed by:





G Stroud - Director


LEISUREQUEST (PAINTBALLING) LTD (REGISTERED NUMBER: 07952201)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Leisurequest (Paintballing) Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LEISUREQUEST (PAINTBALLING) LTD (REGISTERED NUMBER: 07952201)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 67,832 638 1,424 69,894
DEPRECIATION
At 1 March 2023 66,232 638 1,424 68,294
Charge for year 1,600 - - 1,600
At 29 February 2024 67,832 638 1,424 69,894
NET BOOK VALUE
At 29 February 2024 - - - -
At 28 February 2023 1,600 - - 1,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors (2,212 ) 6,910
Intercompany Quex (103,271 ) (236,183 )
Intercompany Cheesemans 2,049 2,179
Other debtors - 15,352
Directors' current accounts - 1,586
(103,434 ) (210,156 )

LEISUREQUEST (PAINTBALLING) LTD (REGISTERED NUMBER: 07952201)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 24,172 18,579
Other loans 1,541 1,541
Trade creditors 27,739 2
Tax 841 841
Social security and other taxes 42,928 24,972
VAT 5,427 13,387
Other creditors - 15,224
Net wages 73,730 (12,983 )
Pension 3,356 2,817
179,734 64,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 27,648 32,625
Other loans - 1-2 years - 9,000
27,648 41,625

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary 2 4 4

9. RESERVES
Retained
earnings
£   

At 1 March 2023 (311,065 )
Profit for the year 3,883
At 29 February 2024 (307,182 )