Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10192549 Mr Matthew Burrows Mr Antony McCabe Mr James Toohey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10192549 2023-05-31 10192549 2024-05-31 10192549 2023-06-01 2024-05-31 10192549 frs-core:CurrentFinancialInstruments 2024-05-31 10192549 frs-core:Non-currentFinancialInstruments 2024-05-31 10192549 frs-core:ComputerEquipment 2024-05-31 10192549 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10192549 frs-core:ComputerEquipment 2023-05-31 10192549 frs-core:FurnitureFittings 2024-05-31 10192549 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10192549 frs-core:FurnitureFittings 2023-05-31 10192549 frs-core:PlantMachinery 2024-05-31 10192549 frs-core:PlantMachinery 2023-06-01 2024-05-31 10192549 frs-core:PlantMachinery 2023-05-31 10192549 frs-core:ShareCapital 2024-05-31 10192549 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10192549 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10192549 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10192549 frs-bus:SmallEntities 2023-06-01 2024-05-31 10192549 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10192549 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10192549 frs-bus:Director1 2023-06-01 2024-05-31 10192549 frs-bus:Director2 2023-06-01 2024-05-31 10192549 frs-bus:Director3 2023-06-01 2024-05-31 10192549 frs-countries:EnglandWales 2023-06-01 2024-05-31 10192549 2022-05-31 10192549 2023-05-31 10192549 2022-06-01 2023-05-31 10192549 frs-core:CurrentFinancialInstruments 2023-05-31 10192549 frs-core:Non-currentFinancialInstruments 2023-05-31 10192549 frs-core:ShareCapital 2023-05-31 10192549 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10192549
Spires Leisure Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Bowyers Accountants
Chartered Certified Accountants
THE BASE
Dallam Lane
Warrington
WA2 7NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10192549
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,304 9,961
7,304 9,961
CURRENT ASSETS
Debtors 5 30,889 24,315
Cash at bank and in hand 2,455 4,668
33,344 28,983
Creditors: Amounts Falling Due Within One Year 6 (30,189 ) (32,070 )
NET CURRENT ASSETS (LIABILITIES) 3,155 (3,087 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,459 6,874
Creditors: Amounts Falling Due After More Than One Year 7 (10,375 ) (13,800 )
NET ASSETS/(LIABILITIES) 84 (6,926 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 83 (6,927 )
SHAREHOLDERS' FUNDS 84 (6,926)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Toohey
Director
25/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Spires Leisure Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10192549 . The registered office is c/o Bowyers Accountants, THE BASE. Dallam Lane, WARRINGTON, Cheshire, WA2 7NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 10,430 16,667 474 27,571
As at 31 May 2024 10,430 16,667 474 27,571
Depreciation
As at 1 June 2023 5,849 11,394 367 17,610
Provided during the period 1,222 1,406 29 2,657
As at 31 May 2024 7,071 12,800 396 20,267
Net Book Value
As at 31 May 2024 3,359 3,867 78 7,304
As at 1 June 2023 4,581 5,273 107 9,961
5. Debtors
2024 2023
£ £
Due within one year
VAT 1,240 2,666
Directors' loan accounts 29,649 21,649
30,889 24,315
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 4,036 5,916
Corporation tax 941 941
Other taxes and social security 1 1
Other creditors 10,890 10,890
Accruals and deferred income 14,321 14,321
30,189 32,070
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 10,375 13,800
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5