Company Registration No. 2143564 (England and Wales)
LOCAL LEISURE LIMITED
Unaudited accounts
for the year ended 31 December 2024
LOCAL LEISURE LIMITED
Unaudited accounts
Contents
LOCAL LEISURE LIMITED
Company Information
for the year ended 31 December 2024
Directors
Mr. B. S. Holland
Mrs. B. J. Holland
Company Number
2143564 (England and Wales)
Registered Office
The Downshire
71 Baldwins Lane, Croxley Green
Rickmansworth
Herts
WD3 3LT
United Lingdom
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
LOCAL LEISURE LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
258,642
160,502
Cash at bank and in hand
137,704
201,024
Creditors: amounts falling due within one year
(299,694)
(269,080)
Net current liabilities
(161,990)
(68,056)
Total assets less current liabilities
96,652
92,446
Creditors: amounts falling due after more than one year
(23,030)
(6,104)
Provisions for liabilities
Deferred tax
(20,970)
(32,101)
Called up share capital
100
100
Profit and loss account
52,552
54,141
Shareholders' funds
52,652
54,241
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by
Mr. B. S. Holland
Director
Company Registration No. 2143564
LOCAL LEISURE LIMITED
Notes to the Accounts
for the year ended 31 December 2024
LOCAL LEISURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 2143564. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, Herts, WD3 3LT, United Lingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balane
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
These financial statements have been prepared on a going concern basis.
LOCAL LEISURE LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
316,650
59,668
376,318
Additions
148,219
-
148,219
At 31 December 2024
464,869
59,668
524,537
At 1 January 2024
171,771
44,045
215,816
Charge for the year
46,173
3,906
50,079
At 31 December 2024
217,944
47,951
265,895
At 31 December 2024
246,925
11,717
258,642
At 31 December 2023
144,879
15,623
160,502
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,452
10,548
Obligations under finance leases and hire purchase contracts
12,504
11,213
Trade creditors
33,598
25,218
Other creditors
20,480
16,441
Loans from directors
225,660
205,660
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
20,830
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
The company was under the control of Mr B.S. Holland and Mrs B.J, Holland throughout
the current year.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).