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REGISTERED NUMBER: 09443735 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

ELITE LEISURE (MANCHESTER) LIMITED

ELITE LEISURE (MANCHESTER) LIMITED (REGISTERED NUMBER: 09443735)






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


ELITE LEISURE (MANCHESTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: L Steeples
S Soar





REGISTERED OFFICE: 2 Badger Street
Bury
Lancashire
BL9 6AD





REGISTERED NUMBER: 09443735 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

ELITE LEISURE (MANCHESTER) LIMITED (REGISTERED NUMBER: 09443735)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,486 28,735

CURRENT ASSETS
Debtors 5 16,702 -
Cash at bank and in hand 53,019 46,409
69,721 46,409
CREDITORS
Amounts falling due within one year 6 84,968 62,472
NET CURRENT LIABILITIES (15,247 ) (16,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,239

12,672

PROVISIONS FOR LIABILITIES 7 2,528 2,702
NET ASSETS 9,711 9,970

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9,710 9,969
SHAREHOLDERS' FUNDS 9,711 9,970

ELITE LEISURE (MANCHESTER) LIMITED (REGISTERED NUMBER: 09443735)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 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 Profit & Loss account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by:




L Steeples - Director



S Soar - Director


ELITE LEISURE (MANCHESTER) LIMITED (REGISTERED NUMBER: 09443735)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Elite Leisure (Manchester) Limited 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.

Though the Balance Sheet at the period end discloses an insolvent position, the director has confirmed their continued support to the company and will not withdraw their loan until the cash flow permits. It is believed that the company will be able to maintain positive cash flows in the foreseeable future. As a result, they have adopted the going concern basis of accounting.

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.
Short leasehold - 2% on cost
Fixtures and fittings - 10% on reducing balance
Computer equipment - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

ELITE LEISURE (MANCHESTER) LIMITED (REGISTERED NUMBER: 09443735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 16,687 21,446 4,163 42,296
Additions - - 543 543
At 29 February 2024 16,687 21,446 4,706 42,839
DEPRECIATION
At 1 March 2023 2,174 10,342 1,045 13,561
Charge for year 334 1,110 348 1,792
At 29 February 2024 2,508 11,452 1,393 15,353
NET BOOK VALUE
At 29 February 2024 14,179 9,994 3,313 27,486
At 28 February 2023 14,513 11,104 3,118 28,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,950 -
Directors' current accounts 10,752 -
16,702 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 374 218
Tax 8,979 6,128
Social security and other taxes 1,662 1,518
VAT 63,449 46,021
Other creditors 7,536 7,536
Directors' current accounts - 235
Accrued expenses 2,968 816
84,968 62,472

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,528 2,702

ELITE LEISURE (MANCHESTER) LIMITED (REGISTERED NUMBER: 09443735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 2,702
Provided during year (174 )
Balance at 29 February 2024 2,528

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 ordinary £1 1 1

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
S Soar and L Steeples
Balance outstanding at start of year - 10,429
Amounts advanced 10,753 -
Amounts repaid - (10,429 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,753 -