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REGISTERED NUMBER: SC638648 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Warriors Lifestyle Ltd

Warriors Lifestyle Ltd (Registered number: SC638648)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Warriors Lifestyle Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A W Hay





REGISTERED OFFICE: Cottage No.2
Wallaceneuk Farm
Kelso
Roxburghshire
TD5 8JW





REGISTERED NUMBER: SC638648 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

Warriors Lifestyle Ltd (Registered number: SC638648)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,167 16,667
Tangible assets 5 164,704 203,097
Investments 6 - 695
178,871 220,459

CURRENT ASSETS
Stocks 5,554 5,106
Debtors 7 171,461 220,139
Cash at bank and in hand 46,515 51,683
223,530 276,928
CREDITORS
Amounts falling due within one year 8 110,494 173,310
NET CURRENT ASSETS 113,036 103,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,907

324,077

CREDITORS
Amounts falling due after more than one year 9 (54,556 ) (114,693 )

PROVISIONS FOR LIABILITIES (26,488 ) (38,993 )
NET ASSETS 210,863 170,391

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 210,763 170,291
SHAREHOLDERS' FUNDS 210,863 170,391

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Warriors Lifestyle Ltd (Registered number: SC638648)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





A W Hay - Director


Warriors Lifestyle Ltd (Registered number: SC638648)

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

1. STATUTORY INFORMATION

Warriors Lifestyle Ltd is a private company, limited by shares , registered in Scotland. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 etc - 33% on cost, 25% on reducing balance, 20% on cost, 20% on reducing balance and 10% 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 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.

Warriors Lifestyle Ltd (Registered number: SC638648)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 25,000
AMORTISATION
At 1 September 2023 8,333
Charge for year 2,500
At 31 August 2024 10,833
NET BOOK VALUE
At 31 August 2024 14,167
At 31 August 2023 16,667

Warriors Lifestyle Ltd (Registered number: SC638648)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 358,606
Additions 1,503
Disposals (51,120 )
At 31 August 2024 308,989
DEPRECIATION
At 1 September 2023 155,509
Charge for year 33,169
Eliminated on disposal (44,393 )
At 31 August 2024 144,285
NET BOOK VALUE
At 31 August 2024 164,704
At 31 August 2023 203,097

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 695
Disposals (695 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 695

7. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Other debtors 9,924 12,000

Amounts falling due after more than one year:
Amounts owed by associates 161,537 208,139

Aggregate amounts 171,461 220,139

Warriors Lifestyle Ltd (Registered number: SC638648)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts and finance leases 20,659 27,213
Trade creditors 15,141 19,488
Taxation and social security 62,494 53,413
Other creditors 2,200 63,196
110,494 173,310

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 9,055 18,333
Hire purchase contracts and finance leases 25,068 45,727
Amounts owed to associates 20,433 50,633
54,556 114,693

10. RELATED PARTY DISCLOSURES

Amounts due from group undertakings of £141,104.35 are unsecured and interest free.

11. ULTIMATE CONTROLLING PARTY

The parent company is Warriors Group UK Ltd, whose registered office is No.2, Wallaceneuk Farm, Kelso, Roxburghshire, Scotland, TD5 8JW. The company was ultimately under the control of Mr Alexander Hay throughout the current and previous year.