Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10257172 Mr T R Shufflebottom Mr R Shufflebottom iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10257172 2023-09-30 10257172 2024-09-30 10257172 2023-10-01 2024-09-30 10257172 frs-core:CurrentFinancialInstruments 2024-09-30 10257172 frs-core:Non-currentFinancialInstruments 2024-09-30 10257172 frs-core:FurnitureFittings 2024-09-30 10257172 frs-core:FurnitureFittings 2023-10-01 2024-09-30 10257172 frs-core:FurnitureFittings 2023-09-30 10257172 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 10257172 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 10257172 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 10257172 frs-core:MotorVehicles 2024-09-30 10257172 frs-core:MotorVehicles 2023-10-01 2024-09-30 10257172 frs-core:MotorVehicles 2023-09-30 10257172 frs-core:PlantMachinery 2024-09-30 10257172 frs-core:PlantMachinery 2023-10-01 2024-09-30 10257172 frs-core:PlantMachinery 2023-09-30 10257172 frs-core:ShareCapital 2024-09-30 10257172 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10257172 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10257172 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10257172 frs-bus:SmallEntities 2023-10-01 2024-09-30 10257172 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10257172 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10257172 frs-bus:Director1 2023-10-01 2024-09-30 10257172 frs-bus:Director2 2023-10-01 2024-09-30 10257172 frs-countries:EnglandWales 2023-10-01 2024-09-30 10257172 2022-09-30 10257172 2023-09-30 10257172 2022-10-01 2023-09-30 10257172 frs-core:CurrentFinancialInstruments 2023-09-30 10257172 frs-core:Non-currentFinancialInstruments 2023-09-30 10257172 frs-core:ShareCapital 2023-09-30 10257172 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 10257172
Freestyle Trampoline Parks Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10257172
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 305,713 378,593
305,713 378,593
CURRENT ASSETS
Stocks 5 3,500 3,500
Debtors 6 41,868 48,377
Cash at bank and in hand 49,620 193,527
94,988 245,404
Creditors: Amounts Falling Due Within One Year 7 (54,551 ) (45,984 )
NET CURRENT ASSETS (LIABILITIES) 40,437 199,420
TOTAL ASSETS LESS CURRENT LIABILITIES 346,150 578,013
Creditors: Amounts Falling Due After More Than One Year 8 (83,043 ) (364,373 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,274 ) (13,796 )
NET ASSETS 250,833 199,844
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 250,733 199,744
SHAREHOLDERS' FUNDS 250,833 199,844
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Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 T R Shufflebottom
Director
25 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Freestyle Trampoline Parks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10257172 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.
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:
Leasehold Over 15 years
Plant & Machinery Over 10 years
Motor Vehicles 25% reducing balance
Fixtures & Fittings Over 4 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 25)
25 25
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 October 2023 363,849 360,000 17,000 282,546 1,023,395
Additions - - 21,990 12,254 34,244
Disposals - - (17,000 ) - (17,000 )
As at 30 September 2024 363,849 360,000 21,990 294,800 1,040,639
Depreciation
As at 1 October 2023 158,336 240,000 7,438 239,028 644,802
Provided during the period 24,255 36,000 5,498 31,809 97,562
Disposals - - (7,438 ) - (7,438 )
As at 30 September 2024 182,591 276,000 5,498 270,837 734,926
Net Book Value
As at 30 September 2024 181,258 84,000 16,492 23,963 305,713
As at 1 October 2023 205,513 120,000 9,562 43,518 378,593
5. Stocks
2024 2023
£ £
Stock 3,500 3,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,452
Prepayments and accrued income 14,555 925
Other debtors 27,313 45,000
41,868 48,377
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,605 9,418
Other taxes and social security 5,521 851
VAT 30,926 35,415
Accruals and deferred income 1,499 300
54,551 45,984
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 82,810 364,320
Directors loan account 233 53
83,043 364,373
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the balance sheet date, the company owed the directors £233 (2023:£53). The directors loan account is interest free and unsecured.
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