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REGISTERED NUMBER: SC160764 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

NB LEISURE LTD

NB LEISURE LTD (REGISTERED NUMBER: SC160764)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NB LEISURE LTD

COMPANY INFORMATION
for the year ended 30 JUNE 2024







DIRECTOR: N R Charity





SECRETARY: N R Charity





REGISTERED OFFICE: 722 Cumbernauld Road
Glasgow
Lanarkshire
G33 2ES





REGISTERED NUMBER: SC160764 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

NB LEISURE LTD (REGISTERED NUMBER: SC160764)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 385,365 406,770

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 148 222
Cash in hand 21,129 18,003
23,277 20,225
CREDITORS
Amounts falling due within one year 6 (192,703 ) (189,913 )
NET CURRENT LIABILITIES (169,426 ) (169,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,939

237,082

CREDITORS
Amounts falling due after more than one year 7 (9,217 ) (19,217 )

PROVISIONS FOR LIABILITIES (29,239 ) (33,520 )
NET ASSETS 177,483 184,345

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Capital redemption reserve 5,000 5,000
Retained earnings 167,483 174,345
SHAREHOLDERS' FUNDS 177,483 184,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NB LEISURE LTD (REGISTERED NUMBER: SC160764)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 director and authorised for issue on 19 March 2025 and were signed by:





N R Charity - Director


NB LEISURE LTD (REGISTERED NUMBER: SC160764)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2024

1. STATUTORY INFORMATION

NB Leisure Ltd is a private company, limited by shares, registered in Scotland, registration number SC160764. The registered office is 722 Cumbernauld Road, Glasgow, Lanarkshire, G33 2ES.

The principal activity of the company is bingo operators.

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 presentational and functional currency of the financial statements is Pounds Sterling (£).

Going concern
These financial statements have been prepared on the going concern basis despite the fact that Statement of Financial Position is showing a net current liability position of the Company. After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
In preparing these financial statements, the director is required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Plant and equipment
The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the company's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets. The depreciation rates applied are outlined later in these notes.

Turnover
Turnover comprises income from the operation of bingo services, gaming machines and the sale of food and beverages, and is measured at the fair value of the consideration received or receivable, excluding value added tax, bingo duty and machine games duty.

Sale of goods
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably.

Services
Income from services is recognised when performed, such that risks and rewards have been transferred.

NB LEISURE LTD (REGISTERED NUMBER: SC160764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 33% on cost, 20% on cost, 15% on cost, 10% on cost and 1% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

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

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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.

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.

NB LEISURE LTD (REGISTERED NUMBER: SC160764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 298,866 831,691 1,130,557
Additions - 11,500 11,500
At 30 June 2024 298,866 843,191 1,142,057
DEPRECIATION
At 1 July 2023 77,062 646,725 723,787
Charge for year 2,989 29,916 32,905
At 30 June 2024 80,051 676,641 756,692
NET BOOK VALUE
At 30 June 2024 218,815 166,550 385,365
At 30 June 2023 221,804 184,966 406,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 148 222

NB LEISURE LTD (REGISTERED NUMBER: SC160764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 92,102 85,772
Trade creditors 9,518 37,462
Taxation and social security 55,889 42,569
Other creditors 35,194 24,110
192,703 189,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,217 19,217