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REGISTERED NUMBER: 03876905















Unaudited Financial Statements for the Year Ended 30 June 2024

for

K.L.H. Leisure Limited

K.L.H. Leisure Limited (Registered number: 03876905)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.L.H. Leisure Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K L Hussey
Mrs S J Hussey





SECRETARY: Mrs S J Hussey





REGISTERED OFFICE: 6 South Parade
Skegness
Lincolnshire
PE25 3HW





REGISTERED NUMBER: 03876905





ACCOUNTANTS: INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW

K.L.H. Leisure Limited (Registered number: 03876905)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,375 138,125
Tangible assets 5 1,145,608 1,177,697
1,199,983 1,315,822

CURRENT ASSETS
Stocks 50,000 58,250
Debtors 6 (146,480 ) (97,603 )
Cash at bank and in hand 384,847 740,434
288,367 701,081
CREDITORS
Amounts falling due within one year 7 433,672 441,480
NET CURRENT (LIABILITIES)/ASSETS (145,305 ) 259,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,054,678

1,575,423

CREDITORS
Amounts falling due after more than one
year

8

-

(564,919

)

PROVISIONS FOR LIABILITIES (24,152 ) (15,429 )
NET ASSETS 1,030,526 995,075

CAPITAL AND RESERVES
Called up share capital 3,100 3,100
Retained earnings 1,027,426 991,975
1,030,526 995,075

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 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.

K.L.H. Leisure Limited (Registered number: 03876905)

Balance Sheet - 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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




K L Hussey - Director



Mrs S J Hussey - Director


K.L.H. Leisure Limited (Registered number: 03876905)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

K.L.H. Leisure Limited is a private company, limited by shares , registered in Not specified/Other. 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 aquisition of a business in 2003, has being amortised evenly over its estimated useful life of 16 years; goodwill from the aquisition of a business in 2018 is being amortised evenly over its estimated useful life of 10 years; goodwill from 2011 is also being amortised evenly over 10 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.
Land and buildings - 10% on reducing balance and not provided
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 15% on reducing balance, 10% on reducing balance and not provided

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.

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.

K.L.H. Leisure Limited (Registered number: 03876905)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 38 (2023 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 820,000
Disposals (500,000 )
At 30 June 2024 320,000
AMORTISATION
At 1 July 2023 681,875
Charge for year 83,750
Eliminated on disposal (500,000 )
At 30 June 2024 265,625
NET BOOK VALUE
At 30 June 2024 54,375
At 30 June 2023 138,125

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,360,393 1,576,280 2,936,673
Additions - 45,338 45,338
At 30 June 2024 1,360,393 1,621,618 2,982,011
DEPRECIATION
At 1 July 2023 301,393 1,457,583 1,758,976
Charge for year 10,000 67,427 77,427
At 30 June 2024 311,393 1,525,010 1,836,403
NET BOOK VALUE
At 30 June 2024 1,049,000 96,608 1,145,608
At 30 June 2023 1,059,000 118,697 1,177,697

K.L.H. Leisure Limited (Registered number: 03876905)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Other debtors 42,994 91,871

Amounts falling due after more than one year:
Other debtors (189,474 ) (189,474 )

Aggregate amounts (146,480 ) (97,603 )

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 60,000
Trade creditors 84,278 94,238
Taxation and social security 302,682 246,575
Other creditors 46,712 40,667
433,672 441,480

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 564,919

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 62,889

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans - 624,919

K.L.H. Leisure Limited (Registered number: 03876905)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
K L Hussey
Balance outstanding at start of year 87,172 (4,213 )
Amounts advanced 166,843 297,144
Amounts repaid (276,000 ) (205,759 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (21,985 ) 87,172

Mrs S J Hussey
Balance outstanding at start of year - 37,094
Amounts advanced - (37,094 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -