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REGISTERED NUMBER: 01826602 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Leigh-on-Sea Sailing Club Limited

Leigh-on-Sea Sailing Club Limited (Registered number: 01826602)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Leigh-on-Sea Sailing Club Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D Braun
J M Charles
S P Corbet
M R Jenkins
Ms N F Lane
N P Range
Ms P A Rowley
R Tothill
M J Tothill
Mrs L Tothill
R D Tredgett
G P Vickery
T H Wright





SECRETARY: R D Tredgett





REGISTERED OFFICE: The High Street
Leigh Old Town
Leigh On Sea
Essex
SS9 2EP





REGISTERED NUMBER: 01826602 (England and Wales)





ACCOUNTANTS: Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Leigh-on-Sea Sailing Club Limited (Registered number: 01826602)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,015 56,750

CURRENT ASSETS
Stocks 5,077 3,986
Debtors 5 2,957 3,225
Cash at bank and in hand 292,304 286,911
300,338 294,122
CREDITORS
Amounts falling due within one year 6 12,185 9,099
NET CURRENT ASSETS 288,153 285,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,168

341,773

RESERVES
Income and expenditure account 344,168 341,773
344,168 341,773

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

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

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 9 January 2025 and were signed on its behalf by:




J M Charles - Director


Leigh-on-Sea Sailing Club Limited (Registered number: 01826602)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Leigh-on-Sea Sailing Club Limited is a private company, limited by guarantee , 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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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.

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 surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Leigh-on-Sea Sailing Club Limited (Registered number: 01826602)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 53,968 46,068 100,036
DEPRECIATION
At 1 November 2023 - 43,286 43,286
Charge for year - 735 735
At 31 October 2024 - 44,021 44,021
NET BOOK VALUE
At 31 October 2024 53,968 2,047 56,015
At 31 October 2023 53,968 2,782 56,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 2,957 3,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 1,800 2,392
Taxation and social security 11 -
Other creditors 10,374 6,707
12,185 9,099

Leigh-on-Sea Sailing Club Limited (Registered number: 01826602)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. BAR PROFIT AND LOSS ACCOUNT

2024 2023
£    £   

Sales 30,119 27,833

Purchases 18,775 17,501

Gross Profit / (Loss) 11,344 10,332

Less:

Bar service 5,565 4,396
Stocktake 150 142
Mileage - 66
Licence - 180
Administration 193 1,599

Net profit / ( loss) 5,436 3,949

Leigh-on-Sea Sailing Club Limited

Report of the Accountants to the Directors of
Leigh-on-Sea Sailing Club Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


Date: .............................................