REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
FOR |
GLOUCESTER SPORT AND LEISURE LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
FOR |
GLOUCESTER SPORT AND LEISURE LIMITED |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GLOUCESTER SPORT AND LEISURE LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
2 Oakfield Road |
Clifton |
Bristol |
BS8 2AL |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
BALANCE SHEET |
29 NOVEMBER 2023 |
29.11.23 | 30.11.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
BALANCE SHEET - continued |
29 NOVEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Gloucester Sport And Leisure Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 period 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. |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
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. |
Going concern |
The director has considered the future operating profits, cash flows and facilities available to the company. |
During the year turnover increased from 813,907 to 846,522 and the company made a small loss for the period as a result of increased cost. The company has a loan facility with its parent company and bank loans which have reduced from 301,773 to 264,576. |
The company continues to rely on the director and parent company for ongoing financial support, and they are committed to doing so. |
The director concludes that after taking into account all available information about the future, which is at least, but not limited to 12 months from the date which these financial statements are authorised for issue, the company does have adequate resources and the necessary means to continue as a going concern in the normal course of business for the foreseeable future. For these reasons, they continue to adopt the going concern basis of accounting in the preparation of these financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Motor |
property | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2022 |
Additions |
At 29 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for period |
At 29 November 2023 |
NET BOOK VALUE |
At 29 November 2023 |
At 30 November 2022 |
5. | STOCKS |
29.11.23 | 30.11.22 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.11.23 | 30.11.22 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.11.23 | 30.11.22 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 27,153 | 31,483 |
Other creditors |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.11.23 | 30.11.22 |
£ | £ |
Bank loans (see note 9) |
Hire purchase contracts |
9. | LOANS |
An analysis of the maturity of loans is given below: |
29.11.23 | 30.11.22 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
10. | SECURED DEBTS |
The bank borrowings are secured by way of a fixed and floating charge over all property and assets of the company. |
GLOUCESTER SPORT AND LEISURE LIMITED (REGISTERED NUMBER: 08079818) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 29 NOVEMBER 2023 |
11. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 29.11.23 | 30.11.22 |
value: | £ | £ |
Share capital 1 | 1 | 100 | 100 |
12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
13. | RELATED PARTY DISCLOSURES |
14. | ULTIMATE CONTROLLING PARTY |
The company's immediate parent is Opaltec International Limited, Incorporated in England and Wales. |
The ultimate parent is The Hamilton-Davies Group Limited, incorporated in England and Wales. |