IRIS Accounts Production v24.3.2.46 04846604 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048466042023-12-31048466042024-12-31048466042024-01-012024-12-31048466042022-12-31048466042023-01-012023-12-31048466042023-12-3104846604ns15:EnglandWales2024-01-012024-12-3104846604ns14:PoundSterling2024-01-012024-12-3104846604ns10:Director12024-01-012024-12-3104846604ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104846604ns10:SmallEntities2024-01-012024-12-3104846604ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104846604ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104846604ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104846604ns10:FullAccounts2024-01-012024-12-3104846604ns10:Director22024-01-012024-12-3104846604ns10:Director32024-01-012024-12-3104846604ns10:Director42024-01-012024-12-3104846604ns10:RegisteredOffice2024-01-012024-12-3104846604ns5:CurrentFinancialInstruments2024-12-3104846604ns5:CurrentFinancialInstruments2023-12-3104846604ns5:ShareCapital2024-12-3104846604ns5:ShareCapital2023-12-3104846604ns5:RetainedEarningsAccumulatedLosses2024-12-3104846604ns5:RetainedEarningsAccumulatedLosses2023-12-3104846604ns5:LeaseholdImprovements2024-01-012024-12-3104846604ns5:PlantMachinery2024-01-012024-12-3104846604ns5:LeaseholdImprovements2023-12-3104846604ns5:PlantMachinery2023-12-3104846604ns5:LeaseholdImprovements2024-12-3104846604ns5:PlantMachinery2024-12-3104846604ns5:LeaseholdImprovements2023-12-3104846604ns5:PlantMachinery2023-12-31
REGISTERED NUMBER: 04846604 (England and Wales)

















7 Leisure Limited

Financial Statements for the Year Ended 31 December 2024






7 Leisure Limited (Registered number: 04846604)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


7 Leisure Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: Mr D F Keedy
Mr J B Keedy
Mr R Marlow
Mr D Jarred





REGISTERED OFFICE: 9 Market Place
Hedon
East Yorkshire
HU12 8JA





REGISTERED NUMBER: 04846604 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

7 Leisure Limited (Registered number: 04846604)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 545,522 573,018

CURRENT ASSETS
Stocks 5 17,796 11,244
Debtors 6 96,862 95,251
Cash at bank and in hand 230,879 213,279
345,537 319,774
CREDITORS
Amounts falling due within one year 7 405,978 506,002
NET CURRENT LIABILITIES (60,441 ) (186,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

485,081

386,790

PROVISIONS FOR LIABILITIES 61,444 64,476
NET ASSETS 423,637 322,314

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 423,635 322,312
SHAREHOLDERS' FUNDS 423,637 322,314

7 Leisure Limited (Registered number: 04846604)

Balance Sheet - continued
31 December 2024


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mr J B Keedy - Director


7 Leisure Limited (Registered number: 04846604)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

7 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.

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.
Leasehold property - Straight line over 25 years
Plant and machinery - 25% on reducing balance

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 Profit and Loss Account, 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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 32 ) .

7 Leisure Limited (Registered number: 04846604)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2024 653,617 101,987 755,604
Additions - 10,524 10,524
At 31 December 2024 653,617 112,511 766,128
DEPRECIATION
At 1 January 2024 117,579 65,007 182,586
Charge for year 26,144 11,876 38,020
At 31 December 2024 143,723 76,883 220,606
NET BOOK VALUE
At 31 December 2024 509,894 35,628 545,522
At 31 December 2023 536,038 36,980 573,018

5. STOCKS
2024 2023
£    £   
Stocks 17,796 11,244

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 96,862 95,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,321 24,783
Tax 38,215 26,597
Social security and other taxes 9,323 7,075
VAT 30,720 25,407
Vectair Aviation (1995) Ltd 247,692 358,844
Accruals 43,707 63,296
405,978 506,002