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REGISTERED NUMBER: SC213482 (Scotland)












Financial Statements

for the Year Ended 31 March 2024

for

Bathgate Leisure Limited

Bathgate Leisure Limited (Registered number: SC213482)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bathgate Leisure Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D G Codona
Mrs C Codona





SECRETARY: Mrs C Codona





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC213482 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Bathgate Leisure Limited (Registered number: SC213482)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Property, plant and equipment 4 42,410 63,836
42,410 63,836

CURRENT ASSETS
Debtors 5 7,689 3,996
Cash at bank and in hand 167,363 203,630
175,052 207,626
CREDITORS
Amounts falling due within one year 6 23,935 26,446
NET CURRENT ASSETS 151,117 181,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,527

245,016

CREDITORS
Amounts falling due after more than one year 7 (26,981 ) (32,425 )

PROVISIONS FOR LIABILITIES 8 (5,854 ) (9,924 )
NET ASSETS 160,692 202,667

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 160,592 202,567
SHAREHOLDERS' FUNDS 160,692 202,667

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

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

Bathgate Leisure Limited (Registered number: SC213482)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





Mr D G Codona - Director


Bathgate Leisure Limited (Registered number: SC213482)

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

1. 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.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
The company operates gaming machines and therefore revenue is recognised as cash is collected from the machines.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Games machines - 33% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Bathgate Leisure Limited (Registered number: SC213482)

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

1. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 59,242
AMORTISATION
At 1 April 2023
and 31 March 2024 59,242
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Bathgate Leisure Limited (Registered number: SC213482)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Games Plant and and Motor
machines machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 240,825 9,433 51,926 14,994 317,178
Additions 6,600 455 - - 7,055
Disposals (6,000 ) - - - (6,000 )
At 31 March 2024 241,425 9,888 51,926 14,994 318,233
DEPRECIATION
At 1 April 2023 191,638 7,209 45,036 9,459 253,342
Charge for year 20,879 339 1,034 1,384 23,636
Eliminated on disposal (1,155 ) - - - (1,155 )
At 31 March 2024 211,362 7,548 46,070 10,843 275,823
NET BOOK VALUE
At 31 March 2024 30,063 2,340 5,856 4,151 42,410
At 31 March 2023 49,187 2,224 6,890 5,535 63,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,689 3,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,751 5,176
Trade creditors 512 655
Taxation and social security - 7,833
Other creditors 17,672 12,782
23,935 26,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,981 32,425

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,854 9,924

Bathgate Leisure Limited (Registered number: SC213482)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 9,924
Credit to Income Statement during year (4,070 )
Charge for year
Balance at 31 March 2024 5,854

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100