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REGISTERED NUMBER: 09972448 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SUMMIT LEISURE (KC) LIMITED

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUMMIT LEISURE (KC) LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: K Shaw





REGISTERED OFFICE: 18-22 Market Street
Bolton
Lancashire
BL1 1BU





REGISTERED NUMBER: 09972448 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 250,000 250,000
Tangible assets 5 150,193 148,669
400,193 398,669

CURRENT ASSETS
Stocks 1,642 1,772
Debtors 6 886,873 769,914
Cash at bank and in hand 87,539 89,871
976,054 861,557
CREDITORS
Amounts falling due within one year 7 (265,974 ) (261,708 )
NET CURRENT ASSETS 710,080 599,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,110,273

998,518

PROVISIONS FOR LIABILITIES (4,436 ) (3,908 )
NET ASSETS 1,105,837 994,610

CAPITAL AND RESERVES
Called up share capital 8 31,756 31,756
Retained earnings 9 1,074,081 962,854
SHAREHOLDERS' FUNDS 1,105,837 994,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Balance Sheet - continued
31 JULY 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 11 March 2025 and were signed by:





K Shaw - Director


SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Summit Leisure (KC) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Stocks
Stocks 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 balance sheet date.


SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 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 balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 250,000
NET BOOK VALUE
At 31 July 2024 250,000
At 31 July 2023 250,000

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 129,768 32,648 2,549 164,965
Additions - - 5,895 5,895
At 31 July 2024 129,768 32,648 8,444 170,860
DEPRECIATION
At 1 August 2023 - 14,315 1,981 16,296
Charge for year - 3,667 704 4,371
At 31 July 2024 - 17,982 2,685 20,667
NET BOOK VALUE
At 31 July 2024 129,768 14,666 5,759 150,193
At 31 July 2023 129,768 18,333 568 148,669

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from related companies 876,092 759,882
Prepayments and accrued income 10,781 10,032
886,873 769,914

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,228 3,276
Tax 36,547 26,300
Social security and other taxes 24,137 22,525
Other creditors 6,107 6,107
Due to related companies 193,238 198,238
Accrued expenses 2,717 5,262
265,974 261,708

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 31,756 31,756

SUMMIT LEISURE (KC) LIMITED (REGISTERED NUMBER: 09972448)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

9. RESERVES
Retained
earnings
£   

At 1 August 2023 962,854
Profit for the year 111,227
At 31 July 2024 1,074,081

10. RELATED PARTY DISCLOSURES

Mr K C Shaw is a director of Summit Leisure (Deansgate) Limited, Summit Leisure (Market Street) Limited, Summit Leisure (Swinton) Limited and K Shaw & Sons Limited.

As at 31 July 2024 the company owed the following amounts: Summit Leisure (Market Street) Limited - £55,000 (2023 - £60,000), Summit Leisure (Swinton) Limited - £133,250 (2023 - £133,250), K Shaw & Sons Limited - £4,988 (2023 - £4,988).

As at 31 July 2024 the company was owed the following amounts: Summit Leisure (Deansgate) Limited - £871,092 (2023 - £759,882).

11. ULTIMATE CONTROLLING PARTY

The controlling party is K Shaw.