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REGISTERED NUMBER: 05516862 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Awesome Walls Climbing Centres Limited

Awesome Walls Climbing Centres Limited (Registered number: 05516862)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Awesome Walls Climbing Centres Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr D J Douglas





REGISTERED OFFICE: 43 School Bank
Norley
Frodsham
Cheshire
WA6 8NW





REGISTERED NUMBER: 05516862 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Awesome Walls Climbing Centres Limited (Registered number: 05516862)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,613 39,460
Tangible assets 5 854,724 874,508
876,337 913,968

CURRENT ASSETS
Stocks 29,169 27,780
Debtors 6 98,780 114,437
Cash at bank and in hand 318,144 413,577
446,093 555,794
CREDITORS
Amounts falling due within one year 7 257,951 324,716
NET CURRENT ASSETS 188,142 231,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,479

1,145,046

CREDITORS
Amounts falling due after more than one
year

8

(406,001

)

(479,854

)

PROVISIONS FOR LIABILITIES 10 (85,159 ) (89,554 )
NET ASSETS 573,319 575,638

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 573,219 575,538
SHAREHOLDERS' FUNDS 573,319 575,638

Awesome Walls Climbing Centres Limited (Registered number: 05516862)

Balance Sheet - continued
31 July 2024


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

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

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 director and authorised for issue on 7 April 2025 and were signed by:





Mr D J Douglas - Director


Awesome Walls Climbing Centres Limited (Registered number: 05516862)

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

1. STATUTORY INFORMATION

Awesome Walls Climbing Centres 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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.

Website costs are being amortised evenly over the estimated useful life of 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Climbing wall and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% 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 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 balance sheet date.


Awesome Walls Climbing Centres Limited (Registered number: 05516862)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 84 (2023 - 86 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 281,579 15,069 296,648
AMORTISATION
At 1 August 2023 253,421 3,767 257,188
Amortisation for year 14,079 3,768 17,847
At 31 July 2024 267,500 7,535 275,035
NET BOOK VALUE
At 31 July 2024 14,079 7,534 21,613
At 31 July 2023 28,158 11,302 39,460

Awesome Walls Climbing Centres Limited (Registered number: 05516862)

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

5. TANGIBLE FIXED ASSETS
Improvements Climbing
Freehold to wall and
property property equipment
£    £    £   
COST
At 1 August 2023 485,202 294,528 1,697,173
Additions - 43,460 6,498
At 31 July 2024 485,202 337,988 1,703,671
DEPRECIATION
At 1 August 2023 67,928 205,987 1,358,840
Charge for year 9,704 8,932 51,095
At 31 July 2024 77,632 214,919 1,409,935
NET BOOK VALUE
At 31 July 2024 407,570 123,069 293,736
At 31 July 2023 417,274 88,541 338,333

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 28,665 26,580 9,447 2,541,595
Additions 4,800 3,268 741 58,767
At 31 July 2024 33,465 29,848 10,188 2,600,362
DEPRECIATION
At 1 August 2023 19,241 7,467 7,624 1,667,087
Charge for year 2,689 5,595 536 78,551
At 31 July 2024 21,930 13,062 8,160 1,745,638
NET BOOK VALUE
At 31 July 2024 11,535 16,786 2,028 854,724
At 31 July 2023 9,424 19,113 1,823 874,508

Awesome Walls Climbing Centres Limited (Registered number: 05516862)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Climbing
wall and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 263,554 26,580 290,134
DEPRECIATION
At 1 August 2023 146,614 7,467 154,081
Charge for year 32,451 5,595 38,046
At 31 July 2024 179,065 13,062 192,127
NET BOOK VALUE
At 31 July 2024 84,489 13,518 98,007
At 31 July 2023 116,940 19,113 136,053

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,140 23,874
Dublin Loan - 29,394
Accrued income 8,943 1,812
Prepayments 51,697 59,357
98,780 114,437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,350 77,292
Hire purchase contracts 5,106 5,570
Trade creditors 44,557 130,089
Corporation Tax 27,801 8,252
Social security and other taxes 16,440 15,234
Pension control account 5,827 4,140
Attachment of Earnings - 616
VAT 44,196 35,458
Other creditors 33,851 39,123
Directors' current accounts 2,295 763
Accrued expenses 7,528 8,179
257,951 324,716

Awesome Walls Climbing Centres Limited (Registered number: 05516862)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Natwest bank loans - 1-2 years 63,850 78,893
Natwest bank loans - 2-5 years 94,050 156,979
Natwest bank loans - more than
5 years 248,101 238,876
Hire purchase contracts - 5,106
406,001 479,854

Amounts falling due in more than five years:

Repayable by instalments
Natwest bank loans - more than
5 years 248,101 238,876
248,101 238,876

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 476,351 552,040

Bank Loans:
National Westminster Bank PLC holds legal charges against the following properties as security against all of the Company's liabilities to the Bank:

Unit 2, Garter Street, Sheffield, S4 7QX;
Land adjoining Unit 1, Garter Street, Sheffield, S4 7QX.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 85,159 89,554

Deferred
tax
£   
Balance at 1 August 2023 89,554
Provided during year (4,395 )
Balance at 31 July 2024 85,159

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100