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Registered number: 09915604
Listers Leisure Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
TaxAssist Accountants
30 North Street
Keighley
BD21 3SE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09915604
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,000 10,000
Tangible Assets 5 2,587,752 2,573,297
2,592,752 2,583,297
CURRENT ASSETS
Stocks 6 1,500 3,360
Debtors 7 172,596 201,462
Cash at bank and in hand 132,929 272,350
307,025 477,172
Creditors: Amounts Falling Due Within One Year 8 (256,633 ) (305,550 )
NET CURRENT ASSETS (LIABILITIES) 50,392 171,622
TOTAL ASSETS LESS CURRENT LIABILITIES 2,643,144 2,754,919
Creditors: Amounts Falling Due After More Than One Year 9 (1,859,345 ) (2,159,964 )
NET ASSETS 783,799 594,955
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 783,699 594,855
SHAREHOLDERS' FUNDS 783,799 594,955
Page 1
Page 2
For the year ending 31 December 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
Mrs Susan Stewart
Director
Mr W Robert Shelton
Director
28th February 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Listers Leisure Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09915604 . The registered office is Street Farm, Hart Rydding Lane, Addingham Moorside, West Yorkshire, LS290QH.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 8 years.
2.4. 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:
Freehold 100 years straight line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings Various rates
Computer Equipment 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 19)
8 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 50,000
As at 31 December 2024 50,000
Amortisation
As at 1 January 2024 40,000
Provided during the period 5,000
As at 31 December 2024 45,000
Net Book Value
As at 31 December 2024 5,000
As at 1 January 2024 10,000
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 2,597,326 11,113 4,000 320,541
Additions - 12,208 14,750 -
Disposals - - - (1,955 )
As at 31 December 2024 2,597,326 23,321 18,750 318,586
Depreciation
As at 1 January 2024 140,946 8,012 3,466 211,186
Provided during the period 4,737 2,720 557 3,265
Disposals - - - (1,389 )
As at 31 December 2024 145,683 10,732 4,023 213,062
Net Book Value
As at 31 December 2024 2,451,643 12,589 14,727 105,524
As at 1 January 2024 2,456,380 3,101 534 109,355
Computer Equipment Total
£ £
Cost
As at 1 January 2024 12,806 2,945,786
Additions 407 27,365
Disposals - (1,955 )
As at 31 December 2024 13,213 2,971,196
Depreciation
As at 1 January 2024 8,879 372,489
Provided during the period 1,065 12,344
Disposals - (1,389 )
As at 31 December 2024 9,944 383,444
Net Book Value
As at 31 December 2024 3,269 2,587,752
As at 1 January 2024 3,927 2,573,297
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Page 6
6. Stocks
2024 2023
£ £
Materials 1,500 3,360
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 117,780 146,747
Prepayments and accrued income 54,816 54,715
172,596 201,462
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,806 2,913
Bank loans and overdrafts 2,714 203
Corporation tax 42,657 68,548
Other taxes and social security 4,590 6,277
VAT 25,723 43,738
Other creditors - 3,341
Other creditors (1) - 295
Other creditors (2) 49 90
Accruals 13,749 16,451
Deferred income 149,664 161,728
Directors' loan accounts 1,681 1,966
256,633 305,550
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 1,859,345 2,159,964
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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