Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01No description of principal activity4837truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12578250 2023-05-01 2024-04-30 12578250 2022-05-01 2023-04-30 12578250 2024-04-30 12578250 2023-04-30 12578250 c:Director2 2023-05-01 2024-04-30 12578250 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 12578250 d:Buildings d:ShortLeaseholdAssets 2024-04-30 12578250 d:Buildings d:ShortLeaseholdAssets 2023-04-30 12578250 d:LandBuildings 2024-04-30 12578250 d:LandBuildings 2023-04-30 12578250 d:PlantMachinery 2023-05-01 2024-04-30 12578250 d:PlantMachinery 2024-04-30 12578250 d:PlantMachinery 2023-04-30 12578250 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12578250 d:FurnitureFittings 2023-05-01 2024-04-30 12578250 d:FurnitureFittings 2024-04-30 12578250 d:FurnitureFittings 2023-04-30 12578250 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12578250 d:OfficeEquipment 2023-05-01 2024-04-30 12578250 d:OfficeEquipment 2024-04-30 12578250 d:OfficeEquipment 2023-04-30 12578250 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12578250 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 12578250 d:CurrentFinancialInstruments 2024-04-30 12578250 d:CurrentFinancialInstruments 2023-04-30 12578250 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 12578250 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 12578250 d:ShareCapital 2024-04-30 12578250 d:ShareCapital 2023-04-30 12578250 d:RetainedEarningsAccumulatedLosses 2024-04-30 12578250 d:RetainedEarningsAccumulatedLosses 2023-04-30 12578250 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 12578250 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 12578250 c:OrdinaryShareClass1 2023-05-01 2024-04-30 12578250 c:OrdinaryShareClass1 2024-04-30 12578250 c:OrdinaryShareClass1 2023-04-30 12578250 c:FRS102 2023-05-01 2024-04-30 12578250 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12578250 c:FullAccounts 2023-05-01 2024-04-30 12578250 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12578250 d:WithinOneYear 2024-04-30 12578250 d:WithinOneYear 2023-04-30 12578250 d:BetweenOneFiveYears 2024-04-30 12578250 d:BetweenOneFiveYears 2023-04-30 12578250 2 2023-05-01 2024-04-30 12578250 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12578250














B&K LEISURE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
B&K LEISURE LIMITED
REGISTERED NUMBER: 12578250

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
577,276
548,493

  
577,276
548,493

Current assets
  

Stocks
 5 
51,572
24,356

Debtors: amounts falling due within one year
 6 
32,864
52,913

Cash at bank and in hand
 7 
352,389
98,720

  
436,825
175,989

Creditors: amounts falling due within one year
 8 
(1,335,065)
(1,105,916)

Net current liabilities
  
 
 
(898,240)
 
 
(929,927)

Total assets less current liabilities
  
(320,964)
(381,434)

  

Net liabilities
  
(320,964)
(381,434)


Capital and reserves
  

Called up share capital 
 11 
999
2

Profit and loss account
  
(321,963)
(381,436)

  
(320,964)
(381,434)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2025.



................................................
Bradley Lomas
Director
Page 1

 
B&K LEISURE LIMITED
REGISTERED NUMBER: 12578250

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
B&K LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

B&K Leisure Limited is a private company limited by shares incorporated in England and Wales.
The company registration number is 12578250.
The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.
The principal place of business is Boys Hall, Boys Hall Road, Willesborough, Ashford, Kent, TN24 0LA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
B&K LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over 15 years
Plant and machinery
-
33%
Straight line basis
Fixtures and fittings
-
20%
Straight line basis
Office equipment
-
33%
Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
B&K LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Page 5

 
B&K LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 48 (2023 - 37).

Page 6

 
B&K LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
348,240
41,373
119,943
38,937
548,493


Additions
44,031
-
65,833
535
110,399



At 30 April 2024

392,271
41,373
185,776
39,472
658,892



Depreciation


Charge for the year on owned assets
24,961
12,919
30,761
12,975
81,616



At 30 April 2024

24,961
12,919
30,761
12,975
81,616



Net book value



At 30 April 2024
367,310
28,454
155,015
26,497
577,276



At 30 April 2023
348,240
41,373
119,943
38,937
548,493




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Short leasehold
367,310
348,240

367,310
348,240



5.


Stocks

2024
2023
£
£

Raw materials and consumables
51,572
24,356

51,572
24,356


Page 7

 
B&K LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
171
994

Other debtors
8,914
37,268

Prepayments and accrued income
23,779
14,651

32,864
52,913



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
352,389
98,720

352,389
98,720



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
97,387
60,340

Other taxation and social security
106,876
79,716

Other creditors
1,055,079
880,026

Accruals and deferred income
75,723
85,834

1,335,065
1,105,916



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
352,389
98,720




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
B&K LEISURE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



999 (2023 - 2) Ordinary shares of £1.00 each
999
2


On 1 February 2022, 997 ordinary shares of £1 each were issued at par.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £18,473 (2023 - £4,395). Contributions totalling £3,628 (2023 - £2,635) were payable to the fund at the balance sheet date and are included in creditors.


13.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
50,000
55,556

Later than 1 year and not later than 5 years
-
50,000

50,000
105,556


14.


Related party transactions

Included in other creditors are loans from a shareholder, R Bishop Esq., totalling £701,719 (2023 : £705,885), which are interest free and repayable on demand.


Page 9