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REGISTERED NUMBER: SC172982 (Scotland)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Lanarkshire Leisure Link Limited

Lanarkshire Leisure Link Limited (Registered number: SC172982)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lanarkshire Leisure Link Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr E S Gillies
Mr S T Gillies
Ms S M Holloway





SECRETARY: Mr E S Gillies





REGISTERED OFFICE: Old Post House
24 High Street
Pittenweem
Fife
KY10 2LA





REGISTERED NUMBER: SC172982 (Scotland)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Lanarkshire Leisure Link Limited (Registered number: SC172982)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,087 16,571

CURRENT ASSETS
Debtors 5 111,967 235,389
Cash at bank 496,958 118,087
608,925 353,476
CREDITORS
Amounts falling due within one year 6 (208,434 ) (137,645 )
NET CURRENT ASSETS 400,491 215,831
TOTAL ASSETS LESS CURRENT LIABILITIES 411,578 232,402

PROVISIONS FOR LIABILITIES (2,772 ) (3,149 )
NET ASSETS 408,806 229,253

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 8 406,806 227,253
SHAREHOLDERS' FUNDS 408,806 229,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 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 E S Gillies - Director


Lanarkshire Leisure Link Limited (Registered number: SC172982)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lanarkshire Leisure Link Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding value added tax.

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 reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Lanarkshire Leisure Link Limited (Registered number: SC172982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 12,811 154,787 167,598
DEPRECIATION
At 1 April 2023 12,523 138,504 151,027
Charge for year 57 5,427 5,484
At 31 March 2024 12,580 143,931 156,511
NET BOOK VALUE
At 31 March 2024 231 10,856 11,087
At 31 March 2023 288 16,283 16,571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 111,347 235,018
Other debtors - 59
Prepayments 620 312
111,967 235,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 110,315 117,080
Tax 62,359 8,422
VAT 27,430 7,672
Other creditors 4,776 -
Directors' current accounts 624 1,681
Accrued expenses 2,930 2,790
208,434 137,645

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2,000 Ordinary £1 2,000 2,000

Lanarkshire Leisure Link Limited (Registered number: SC172982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 227,253
Profit for the year 181,568
Dividends (2,015 )
At 31 March 2024 406,806