IRIS Accounts Production v24.3.2.46 05670561 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056705612023-10-31056705612024-10-31056705612023-11-012024-10-31056705612022-10-31056705612022-11-012023-10-31056705612023-10-3105670561ns15:EnglandWales2023-11-012024-10-3105670561ns14:PoundSterling2023-11-012024-10-3105670561ns10:Director12023-11-012024-10-3105670561ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105670561ns10:SmallEntities2023-11-012024-10-3105670561ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105670561ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105670561ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105670561ns10:FullAccounts2023-11-012024-10-3105670561ns10:Director22023-11-012024-10-3105670561ns10:RegisteredOffice2023-11-012024-10-3105670561ns5:CurrentFinancialInstruments2024-10-3105670561ns5:CurrentFinancialInstruments2023-10-3105670561ns5:ShareCapital2024-10-3105670561ns5:ShareCapital2023-10-3105670561ns5:CapitalRedemptionReserve2024-10-3105670561ns5:CapitalRedemptionReserve2023-10-3105670561ns5:RetainedEarningsAccumulatedLosses2024-10-3105670561ns5:RetainedEarningsAccumulatedLosses2023-10-3105670561ns5:PlantMachinery2023-11-012024-10-3105670561ns5:MotorVehicles2023-11-012024-10-3105670561ns5:ComputerEquipment2023-11-012024-10-3105670561ns5:PlantMachinery2023-10-3105670561ns5:PlantMachinery2024-10-3105670561ns5:PlantMachinery2023-10-3105670561ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105670561ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31056705611ns10:Director12023-10-31056705611ns10:Director12022-10-31056705611ns10:Director12023-11-012024-10-31056705611ns10:Director12022-11-012023-10-31056705611ns10:Director12024-10-31056705611ns10:Director12023-10-31
REGISTERED NUMBER: 05670561 (England and Wales)
















NISSEN LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






NISSEN LEISURE LIMITED (REGISTERED NUMBER: 05670561)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NISSEN LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: C.L. Gray
C.L. Gray





REGISTERED OFFICE: 14 Burnham Business Park
Springfield Road
Burnham On Crouch
Essex
CM0 8TE





REGISTERED NUMBER: 05670561 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

NISSEN LEISURE LIMITED (REGISTERED NUMBER: 05670561)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,958 63,775

CURRENT ASSETS
Stocks 26,000 26,200
Debtors 5 166,779 112,622
Cash at bank and in hand 102,545 87,441
295,324 226,263
CREDITORS
Amounts falling due within one year 6 164,005 119,535
NET CURRENT ASSETS 131,319 106,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,277

170,503

PROVISIONS FOR LIABILITIES 14,000 13,450
NET ASSETS 173,277 157,053

CAPITAL AND RESERVES
Called up share capital 151 151
Capital redemption reserve 49 49
Retained earnings 173,077 156,853
SHAREHOLDERS' FUNDS 173,277 157,053

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 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.

NISSEN LEISURE LIMITED (REGISTERED NUMBER: 05670561)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





C.L. Gray - Director


NISSEN LEISURE LIMITED (REGISTERED NUMBER: 05670561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Nissen Leisure 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


NISSEN LEISURE LIMITED (REGISTERED NUMBER: 05670561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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 statement of financial position 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.

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 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 111,134
Additions 4,696
At 31 October 2024 115,830
DEPRECIATION
At 1 November 2023 47,359
Charge for year 12,513
At 31 October 2024 59,872
NET BOOK VALUE
At 31 October 2024 55,958
At 31 October 2023 63,775

NISSEN LEISURE LIMITED (REGISTERED NUMBER: 05670561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,429 107,560
Other debtors 73,350 5,062
166,779 112,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,984 11,145
Taxation and social security 76,073 64,114
Other creditors 53,948 44,276
164,005 119,535

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
C.L. Gray
Balance outstanding at start of year (4,393 ) (400 )
Amounts advanced 134,326 93,007
Amounts repaid (61,000 ) (97,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,933 (4,393 )

The balance due from the director represents an unsecured, interest free loan, repayable on demand.