Registered number
03365593
Comrie Leisure Limited
Filleted Accounts
31 May 2024
Comrie Leisure Limited
Registered number: 03365593
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 8,489 10,611
Tangible assets 4 699,887 772,544
708,376 783,155
Current assets
Debtors 5 - 34,424
Cash at bank and in hand 741,838 745,547
741,838 779,971
Creditors: amounts falling due within one year 6 (142,803) (287,788)
Net current assets 599,035 492,183
Total assets less current liabilities 1,307,411 1,275,338
Creditors: amounts falling due after more than one year 7 (42,525) (80,025)
Net assets 1,264,886 1,195,313
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 1,254,886 1,185,313
Shareholder's funds 1,264,886 1,195,313
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C Greig
Director
Approved by the board on 3 December 2024
Comrie Leisure Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 57,000
Additions -
Disposals -
At 31 May 2024 57,000
Amortisation
At 1 June 2023 46,389
Provided during the year 2,122
On disposals -
At 31 May 2024 48,511
Net book value
At 31 May 2024 8,489
At 31 May 2023 10,611
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 342,790 1,261,703 47,010 1,651,503
Additions - 101,773 - 101,773
Surplus on revaluation - - - -
Disposals - (81,865) (4,000) (85,865)
At 31 May 2024 342,790 1,281,611 43,010 1,667,411
Depreciation
At 1 June 2023 - 835,240 43,719 878,959
Charge for the year - 89,274 - 89,274
Surplus on revaluation - - - -
On disposals - - (709) (709)
At 31 May 2024 - 924,514 43,010 967,524
Net book value
At 31 May 2024 342,790 357,097 - 699,887
At 31 May 2023 342,790 426,463 3,291 772,544
5 Debtors 2024 2023
£ £
Trade debtors - 9,487
VAT - 24,492
Other debtors - 445
- 34,424
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 117,881 276,546
Corporation tax - -
Other taxes and social security 19,264 11,238
Other creditors 5,658 4
142,803 287,788
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 40,625 78,125
Other creditors 1,900 1,900
42,525 80,025
8 Controlling party
The company is controlled by the Directors and the Shareholder.
9 Other information
Comrie Leisure Limited is a private company limited by shares and incorporated in England. Its registered office is:
371 Green Lane
Coventry
West Midlands
CV3 6DW
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