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Registered number: 02229650
Spot On Leisure 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: 02229650
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 192,964 186,723
192,964 186,723
CURRENT ASSETS
Stocks 5 30,657 33,954
Debtors 6 219,037 615,140
Cash at bank and in hand 476,460 204,390
726,154 853,484
Creditors: Amounts Falling Due Within One Year 7 (157,615 ) (236,476 )
NET CURRENT ASSETS (LIABILITIES) 568,539 617,008
TOTAL ASSETS LESS CURRENT LIABILITIES 761,503 803,731
Creditors: Amounts Falling Due After More Than One Year 8 (70,638 ) (73,765 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,048 ) (10,446 )
NET ASSETS 678,817 719,520
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Profit and Loss Account 668,817 709,520
SHAREHOLDERS' FUNDS 678,817 719,520
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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.
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Notes to the Financial Statements
1. General Information
Spot On Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02229650 . The registered office is 550 Valley Road, Basford, Nottingham, Notts, 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:
Freehold No depreciation
Leasehold over the period of the lease
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2023: 46)
45 46
4. Tangible Assets
Land & Property
Leasehold Investment Properties Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 19,790 100,500 1,040,380 1,160,670
Additions - - 22,487 22,487
As at 30 September 2024 19,790 100,500 1,062,867 1,183,157
Depreciation
As at 1 October 2023 18,119 - 955,828 973,947
Provided during the period 190 - 16,056 16,246
As at 30 September 2024 18,309 - 971,884 990,193
Net Book Value
As at 30 September 2024 1,481 100,500 90,983 192,964
As at 1 October 2023 1,671 100,500 84,552 186,723
5. Stocks
2024 2023
£ £
Stock 30,657 33,954
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 41,081 43,268
Other debtors 82,810 364,320
Directors' loan accounts 95,146 207,552
219,037 615,140
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,915 62,671
Bank loans and overdrafts 7,400 93,347
Corporation tax 7,420 12,056
Other taxes and social security 47,415 20,725
VAT 30,414 41,827
Accruals and deferred income 22,051 5,850
157,615 236,476
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 70,638 73,765
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 78,038 81,565
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
11. Related Party Transactions
At the balance sheet date, the amount owed from the directors through the directors loan accounts was £95,146 (2023: £207,552 owed to the director).
The directors loan accounts are unsecured, interest free and repayable within 9 months and 1 day of the Financial year end. 
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