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Registered number: 01348689
S & S Leisure Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of S & S Leisure Limited for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S & S Leisure Limited for the year ended 31 January 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of S & S Leisure Limited , as a body, in accordance with the terms of our engagement letter dated 18 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of S & S Leisure Limited and state those matters that we have agreed to state to the director of S & S Leisure Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S & S Leisure Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that S & S Leisure Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of S & S Leisure Limited . You consider that S & S Leisure Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of S & S Leisure Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
20 February 2025
A. P. Robinson
Chartered Accountants
107 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ER
Page 1
Page 2
Abridged Balance Sheet
Registered number: 01348689
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 430,707 682,212
430,707 682,212
CURRENT ASSETS
Debtors 6,446 21,585
Cash at bank and in hand 256,263 23,377
262,709 44,962
Creditors: Amounts Falling Due Within One Year (30,293 ) (3,111 )
NET CURRENT ASSETS (LIABILITIES) 232,416 41,851
TOTAL ASSETS LESS CURRENT LIABILITIES 663,123 724,063
PROVISIONS FOR LIABILITIES
Deferred Taxation (65,911 ) (26,828 )
NET ASSETS 597,212 697,235
CAPITAL AND RESERVES
Called up share capital 5 100,001 100,001
Capital redemption reserve 100,000 100,000
Fair value reserve 7 146,794 344,558
Profit and Loss Account 250,417 152,676
SHAREHOLDERS' FUNDS 597,212 697,235
Page 2
Page 3
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Judith Bohan
Director
20 February 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
S & S Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01348689 . The registered office is Beech Farm Station Road, Tetney, Grimsby, South Humberside, DN36 5HX.
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:
Freehold 0%
Plant & Machinery 10% RB
Motor Vehicles 20% RB
Fixtures & Fittings 10% RB
2.4. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 3 (2024: 3)
3 3
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Page 5
4. Tangible Assets
Total
£
Cost
As at 1 February 2024 855,723
Disposals (249,150 )
As at 31 January 2025 606,573
Depreciation
As at 1 February 2024 173,511
Provided during the period 2,355
As at 31 January 2025 175,866
Net Book Value
As at 31 January 2025 430,707
As at 1 February 2024 682,212
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100,001 100,001
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mrs Judith Bohan 11,141 - - - -
The above loan is unsecured, interest free and repayable on demand.
7. Reserves
Fair Value Reserve
£
As at 1 February 2024 344,558
Movements in fair value reserve (197,764)
As at 31 January 2025 146,794
Page 5