Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07979093 Mr Alistair Dawson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07979093 2023-03-31 07979093 2024-03-31 07979093 2023-04-01 2024-03-31 07979093 frs-core:CurrentFinancialInstruments 2024-03-31 07979093 frs-core:Non-currentFinancialInstruments 2024-03-31 07979093 frs-core:PlantMachinery 2024-03-31 07979093 frs-core:PlantMachinery 2023-04-01 2024-03-31 07979093 frs-core:PlantMachinery 2023-03-31 07979093 frs-core:ShareCapital 2024-03-31 07979093 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07979093 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07979093 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07979093 frs-bus:SmallEntities 2023-04-01 2024-03-31 07979093 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07979093 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07979093 frs-bus:Director1 2023-04-01 2024-03-31 07979093 frs-core:CurrentFinancialInstruments 1 2024-03-31 07979093 frs-core:CurrentFinancialInstruments 2 2024-03-31 07979093 frs-core:CurrentFinancialInstruments 3 2024-03-31 07979093 frs-core:CurrentFinancialInstruments 4 2024-03-31 07979093 frs-core:CurrentFinancialInstruments 5 2024-03-31 07979093 frs-core:Non-currentFinancialInstruments 5 2024-03-31 07979093 frs-countries:EnglandWales 2023-04-01 2024-03-31 07979093 2022-03-31 07979093 2023-03-31 07979093 2022-04-01 2023-03-31 07979093 frs-core:CurrentFinancialInstruments 2023-03-31 07979093 frs-core:Non-currentFinancialInstruments 2023-03-31 07979093 frs-core:ShareCapital 2023-03-31 07979093 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07979093 frs-core:CurrentFinancialInstruments 1 2023-03-31 07979093 frs-core:CurrentFinancialInstruments 2 2023-03-31 07979093 frs-core:CurrentFinancialInstruments 3 2023-03-31 07979093 frs-core:CurrentFinancialInstruments 4 2023-03-31 07979093 frs-core:CurrentFinancialInstruments 5 2023-03-31 07979093 frs-core:Non-currentFinancialInstruments 5 2023-03-31 07979093 frs-core:CurrentFinancialInstruments 6 2023-03-31
Registered number: 07979093
Watch Close Leisure Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07979093
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,463 16,617
12,463 16,617
CURRENT ASSETS
Debtors 5 155,679 257,997
Cash at bank and in hand 29 17,601
155,708 275,598
Creditors: Amounts Falling Due Within One Year 6 (19,376 ) (53,542 )
NET CURRENT ASSETS (LIABILITIES) 136,332 222,056
TOTAL ASSETS LESS CURRENT LIABILITIES 148,795 238,673
Creditors: Amounts Falling Due After More Than One Year 7 (70,699 ) (75,164 )
NET ASSETS 78,096 163,509
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 77,996 163,409
SHAREHOLDERS' FUNDS 78,096 163,509
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Page 2
For the year ending 31 March 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 Alistair Dawson
Director
27/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Watch Close Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07979093 . The registered office is Countrywide Accountancy Solutions, 12 Trident Way, Blackburn, BB1 3NU.
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 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 20)
- 20
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 32,882
As at 31 March 2024 32,882
Depreciation
As at 1 April 2023 16,265
Provided during the period 4,154
As at 31 March 2024 20,419
Net Book Value
As at 31 March 2024 12,463
As at 1 April 2023 16,617
5. Debtors
2024 2023
£ £
Due within one year
Laser Quest (Coventry) Ltd 64,688 50,247
LQ Coventry 65,671 65,673
LaserMaxx 12,820 114,511
N H Leisure 12,500 6,250
Laser Quest Birmingham - 21,316
155,679 257,997
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16,961 15,722
Other taxes and social security 25 25
Wages and salaries control - 3,694
Laser Quest Bromley 840 840
Laser Quest Yorkshire Ltd - 4,198
Laser Game Glasgow Ltd 158 -
Accruals and deferred income 1,392 1,350
Director's loan account - 27,713
19,376 53,542
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,000 30,000
Bounceback loan 40,699 45,164
70,699 75,164
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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