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REGISTERED NUMBER: SC556187 (Scotland)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Contemporary Club Leadership Ltd

Contemporary Club Leadership Ltd (Registered number: SC556187)






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


Contemporary Club Leadership Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: K Fish





REGISTERED OFFICE: 21 Rhodes Park
North Berwick
East Lothian
EH39 5NA





REGISTERED NUMBER: SC556187 (Scotland)





ACCOUNTANTS: DAS Accountant
Cornerstone House
Station Road
Selkirk
Scottish Borders
TD7 5DJ

Contemporary Club Leadership Ltd (Registered number: SC556187)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,916 15,734

CURRENT ASSETS
Debtors 5 3,404 16,074
Cash at bank 62,226 48,789
65,630 64,863
CREDITORS
Amounts falling due within one year 6 48,329 58,563
NET CURRENT ASSETS 17,301 6,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,217

22,034

PROVISIONS FOR LIABILITIES 7 2,264 -
NET ASSETS 26,953 22,034

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 26,853 21,934
SHAREHOLDERS' FUNDS 26,953 22,034

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.

Contemporary Club Leadership Ltd (Registered number: SC556187)

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 29 November 2024 and were signed by:





K Fish - Director


Contemporary Club Leadership Ltd (Registered number: SC556187)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Contemporary Club Leadership Ltd 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 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 reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

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 2 (2023 - 2 ) .

Contemporary Club Leadership Ltd (Registered number: SC556187)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 9,264 1,417 7,138 17,819
Additions - - 408 408
At 29 February 2024 9,264 1,417 7,546 18,227
DEPRECIATION
At 1 March 2023 401 71 1,613 2,085
Charge for year 1,772 269 2,185 4,226
At 29 February 2024 2,173 340 3,798 6,311
NET BOOK VALUE
At 29 February 2024 7,091 1,077 3,748 11,916
At 28 February 2023 8,863 1,346 5,525 15,734

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,962 13,624
Prepayments 1,442 2,450
3,404 16,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 9,723 10,682
Tax 9,237 3,080
Pension payable 148 -
VAT 4,020 5,138
Other creditors (1,576 ) 6,621
Directors' current accounts 26,777 31,304
Accruals and deferred income - 1,738
48,329 58,563

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 2,264 -

Deferred
tax
£   
Charge to Profit and loss during year 2,264
Balance at 29 February 2024 2,264

Contemporary Club Leadership Ltd (Registered number: SC556187)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
90 Ordinary A £1 90 90
10 Ordinary B £1 10 10
100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director advanced the company monies. At the year end the company was due the director £26,,777 (2023 - £31,304). No interest has been charged and there are no specific repayment terms.