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REGISTERED NUMBER: 06841903 (England and Wales)















KINSLEY LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






KINSLEY LEISURE LIMITED (REGISTERED NUMBER: 06841903)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

KINSLEY LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs B Radford
G Mair





SECRETARY: Mrs B Radford





REGISTERED OFFICE: Wakefield Road
Kinsley
Pontefract
West Yorkshire
WF9 5EH





REGISTERED NUMBER: 06841903 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

KINSLEY LEISURE LIMITED (REGISTERED NUMBER: 06841903)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 5,864 8,640
5,864 8,640

CURRENT ASSETS
Inventories 6 8,000 5,500
Debtors 7 18,008 55,865
Cash at bank 24,276 37,834
50,284 99,199
CREDITORS
Amounts falling due within one year 8 43,437 106,517
NET CURRENT ASSETS/(LIABILITIES) 6,847 (7,318 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,711

1,322

CREDITORS
Amounts falling due after more than one
year

9

12,438

22,404
NET ASSETS/(LIABILITIES) 273 (21,082 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 173 (21,182 )
SHAREHOLDERS' FUNDS 273 (21,082 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KINSLEY LEISURE LIMITED (REGISTERED NUMBER: 06841903)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:




G Mair - Director



Mrs B Radford - Director


KINSLEY LEISURE LIMITED (REGISTERED NUMBER: 06841903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Kinsley Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill has not been amortised as the Directors feel that it has a useful economic life of beyond 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fittings & Equipment - 20% on cost
Motor Vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


KINSLEY LEISURE LIMITED (REGISTERED NUMBER: 06841903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KINSLEY LEISURE LIMITED (REGISTERED NUMBER: 06841903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fittings Motor
& Equipment Vehicles Totals
£    £    £   
COST
At 1 April 2023 43,653 27,975 71,628
Additions 381 - 381
At 31 March 2024 44,034 27,975 72,009
DEPRECIATION
At 1 April 2023 35,017 27,971 62,988
Charge for year 3,157 - 3,157
At 31 March 2024 38,174 27,971 66,145
NET BOOK VALUE
At 31 March 2024 5,860 4 5,864
At 31 March 2023 8,636 4 8,640

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
Vehicles
£   
COST
At 1 April 2023
and 31 March 2024 23,833
DEPRECIATION
At 1 April 2023
and 31 March 2024 23,832
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. INVENTORIES
2024 2023
£    £   
Stocks 8,000 5,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,008 55,865

KINSLEY LEISURE LIMITED (REGISTERED NUMBER: 06841903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,985
Trade creditors 15,264 26,551
Taxation and social security 11,008 10,507
Other creditors 7,165 59,474
43,437 106,517

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,438 22,404

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
G Mair and Mrs B Radford
Balance outstanding at start of year 38,197 -
Amounts advanced - 38,197
Amounts repaid (38,197 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 38,197

12. GOING CONCERN

The directors have indicated that they will provide the financial resources to allow the company to continue in operational existence for the foreseeable future. The accounts have therefore been drawn up on a going concern basis.

KINSLEY LEISURE LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
KINSLEY LEISURE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


3 October 2024