IRIS Accounts Production v24.3.0.553 SC430556 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4305562023-08-31SC4305562024-08-31SC4305562023-09-012024-08-31SC4305562022-08-31SC4305562022-09-012023-08-31SC4305562023-08-31SC430556ns15:Scotland2023-09-012024-08-31SC430556ns14:PoundSterling2023-09-012024-08-31SC430556ns10:Director12023-09-012024-08-31SC430556ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC430556ns10:SmallEntities2023-09-012024-08-31SC430556ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC430556ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC430556ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC430556ns10:FullAccounts2023-09-012024-08-31SC430556ns10:RegisteredOffice2023-09-012024-08-31SC430556ns5:CurrentFinancialInstruments2024-08-31SC430556ns5:CurrentFinancialInstruments2023-08-31SC430556ns5:ShareCapital2024-08-31SC430556ns5:ShareCapital2023-08-31SC430556ns5:RetainedEarningsAccumulatedLosses2024-08-31SC430556ns5:RetainedEarningsAccumulatedLosses2023-08-31SC430556ns5:PlantMachinery2023-09-012024-08-31SC430556ns5:PlantMachinery2023-08-31SC430556ns5:PlantMachinery2024-08-31SC430556ns5:PlantMachinery2023-08-31SC430556ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC430556ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: SC430556 (Scotland)















Arbroath Leisure (Scotland) Ltd.

Unaudited Financial Statements for the Year Ended 31 August 2024






Arbroath Leisure (Scotland) Ltd. (Registered number: SC430556)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Arbroath Leisure (Scotland) Ltd.

Company Information
for the Year Ended 31 August 2024







DIRECTOR: C A Welch (Snr)





REGISTERED OFFICE: Seaton House
Seaton Estate
Seaton Road
Seaton
Arbroath, Angus
DD11 5SE





REGISTERED NUMBER: SC430556 (Scotland)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Arbroath Leisure (Scotland) Ltd. (Registered number: SC430556)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,031 21,220

CURRENT ASSETS
Inventories 6,939 4,840
Debtors 5 5,026 3,650
Cash at bank and in hand 23,802 12,968
35,767 21,458
CREDITORS
Amounts falling due within one year 6 174,543 167,581
NET CURRENT LIABILITIES (138,776 ) (146,123 )
TOTAL ASSETS LESS CURRENT LIABILITIES (125,745 ) (124,903 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (125,746 ) (124,904 )
SHAREHOLDERS' FUNDS (125,745 ) (124,903 )

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

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

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 director and authorised for issue on 18 November 2024 and were signed by:




C A Welch (Snr) - Director


Arbroath Leisure (Scotland) Ltd. (Registered number: SC430556)

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

1. STATUTORY INFORMATION

Arbroath Leisure (Scotland) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the year end the company had net liabilities of £125,745 Included within creditors is an amount of £71,409 owed to the director, together with an amount of £80,744 owed to associated companies.
The company is dependent on the financial support of its director and the associated companies who have continued to provide this support since the year end. The director has confirmed that the sums due to himself and the associated companies will not be withdrawn until there are sufficient funds to do so.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on cost and 10% on cost

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.


Arbroath Leisure (Scotland) Ltd. (Registered number: SC430556)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 78,954
Additions 420
At 31 August 2024 79,374
DEPRECIATION
At 1 September 2023 57,734
Charge for year 8,609
At 31 August 2024 66,343
NET BOOK VALUE
At 31 August 2024 13,031
At 31 August 2023 21,220

Arbroath Leisure (Scotland) Ltd. (Registered number: SC430556)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 373 551
Other debtors 4,653 3,099
5,026 3,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,497 5,450
Amounts owed to associates 80,744 64,718
Taxation and social security 10,662 16,906
Other creditors 76,640 80,507
174,543 167,581