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Registered number: 08554835
APW Leisure Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Passman Leonard Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08554835
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 63,743 63,774
63,743 63,774
CURRENT ASSETS
Stocks 5 17,285 18,126
Debtors 6 510 510
Cash at bank and in hand 59 412
17,854 19,048
Creditors: Amounts Falling Due Within One Year 7 (40,754 ) (32,762 )
NET CURRENT ASSETS (LIABILITIES) (22,900 ) (13,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,843 50,060
Creditors: Amounts Falling Due After More Than One Year 8 (5,287 ) (6,239 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (189 ) (189 )
NET ASSETS 35,367 43,632
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 63,548 63,548
Profit and Loss Account (28,281 ) (20,016 )
SHAREHOLDERS' FUNDS 35,367 43,632
Page 1
Page 2
For the year ending 30 June 2024 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 his 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
Mr Howard Watts
Director
13 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
APW Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08554835 . The registered office is Bentinck House, Bentinck Road, West Drayton, Middlesex, UB7 7RQ.
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:
Plant & Machinery No depreciation provided
Fixtures & Fittings 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 63,648 2,243 65,891
As at 30 June 2024 63,648 2,243 65,891
Depreciation
As at 1 July 2023 - 2,117 2,117
Provided during the period - 31 31
As at 30 June 2024 - 2,148 2,148
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 63,648 95 63,743
As at 1 July 2023 63,648 126 63,774
5. Stocks
2024 2023
£ £
Finished goods 17,285 18,126
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 414 510
VAT 96 -
510 510
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,561 1,561
VAT - 57
Other creditors 235 294
Accruals and deferred income 720 600
Director's loan account 38,238 30,250
40,754 32,762
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,287 6,239
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 July 2023 63,548
As at 30 June 2024 63,548
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr. H. J. Watts by virtue of his ownership of 100% of the issued share capital in the company.
Page 4