Remco Leisure Limited 05346944 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Amusement and recreation activies Digita Accounts Production Advanced 6.30.9574.0 true true 05346944 2023-09-01 2024-08-31 05346944 2024-08-31 05346944 core:CurrentFinancialInstruments 2024-08-31 05346944 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05346944 core:Non-currentFinancialInstruments 2024-08-31 05346944 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 05346944 core:FurnitureFittingsToolsEquipment 2024-08-31 05346944 bus:SmallEntities 2023-09-01 2024-08-31 05346944 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05346944 bus:FilletedAccounts 2023-09-01 2024-08-31 05346944 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05346944 bus:RegisteredOffice 2023-09-01 2024-08-31 05346944 bus:Director1 2023-09-01 2024-08-31 05346944 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05346944 bus:Agent1 2023-09-01 2024-08-31 05346944 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 05346944 core:PlantMachinery 2023-09-01 2024-08-31 05346944 core:OtherRelatedParties 2023-09-01 2024-08-31 05346944 countries:EnglandWales 2023-09-01 2024-08-31 05346944 2023-08-31 05346944 core:FurnitureFittingsToolsEquipment 2023-08-31 05346944 2022-09-01 2023-08-31 05346944 2023-08-31 05346944 core:CurrentFinancialInstruments 2023-08-31 05346944 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 05346944 core:Non-currentFinancialInstruments 2023-08-31 05346944 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 05346944 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 05346944

Remco Leisure Limited

Report of the Directors and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Remco Leisure Limited

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

 

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Remco Leisure Limited

Company Information
for the Year Ended 31 August 2024

Director

Mr J J Remblance

Registered office

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

Accountants

Insight Strategic Associates
Chartered Certified Accountants
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Remco Leisure Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Remco Leisure Limited for the year ended 31 August 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of Remco Leisure Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Remco Leisure Limited and state those matters that we have agreed to state to the Board of Directors of Remco Leisure Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Remco Leisure Limited and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Remco Leisure Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Remco Leisure Limited. You consider that Remco Leisure Limited is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of Remco Leisure Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Insight Strategic Associates
Chartered Certified Accountants

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

21 May 2025

 

Remco Leisure Limited

(Registration number: 05346944 )
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

100,140

46,828

Current assets

 

Stocks

5

13,640

16,175

Debtors

6

202,442

155,383

Cash at bank and in hand

 

3,677

95,883

 

219,759

267,441

Creditors: Amounts falling due within one year

7

(297,762)

(356,982)

Net current liabilities

 

(78,003)

(89,541)

Total assets less current liabilities

 

22,137

(42,713)

Creditors: Amounts falling due after more than one year

7

(13,091)

(23,274)

Provisions for liabilities

(21,537)

(7,606)

Net liabilities

 

(12,491)

(73,593)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(12,492)

(73,594)

Shareholders' deficit

 

(12,491)

(73,593)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Remco Leisure Limited

(Registration number: 05346944 )
Balance Sheet as at 31 August 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 May 2025
 

.........................................
Mr J J Remblance
Director

 

Remco Leisure Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE
England

The principal place of business is:
2-4 Marine Parade
Southend On Sea
Essex
SS1 2EJ
England

These financial statements were authorised for issue by the director on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Remco Leisure Limited

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

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% straight line

 

Remco Leisure Limited

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

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Remco Leisure Limited

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

2

Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 33 (2023 - 28).

 

Remco Leisure Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

460,008

460,008

Additions

82,177

82,177

At 31 August 2024

542,185

542,185

Depreciation

At 1 September 2023

413,180

413,180

Charge for the year

28,865

28,865

At 31 August 2024

442,045

442,045

Carrying amount

At 31 August 2024

100,140

100,140

At 31 August 2023

46,828

46,828

5

Stocks

2024
£

2023
£

Other inventories

13,640

16,175

6

Debtors

Current

2024
£

2023
£

Other debtors

202,442

155,383

 

202,442

155,383

 

Remco Leisure Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,183

9,931

Trade creditors

 

80,511

68,185

Taxation and social security

 

24,268

18,522

Accruals and deferred income

 

4,098

3,870

Other creditors

 

178,702

256,474

 

297,762

356,982

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

13,091

23,274

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

13,091

23,274

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,183

9,931

9

Related party transactions

Summary of transactions with other related parties

 

Remco Leisure Limited

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

9

Related party transactions (continued)

At the year end a balance of £102,442 (2023:£55,383) was due from Star Amusements Limited a company under common control.

At the year end a balance of £100,000 (2023:£100,000) was due from Remblance Property company Limited a company under common control.

At the year end a balance of £23,000 (2023:£23,000) was due to Manzi LeisureLimited a company under common control.

At the year end a balance of £Nil (2023:£63,000) was due to Remco Food Co Limited a company under common control.

At the year end a balance of £42,000 (2023:£42,000l) was due to Kingpins BowlLimited a company under common control.

At the year end a balance of £20,000 (2023:£Nill) was due to Star Pub Company Limited a company under common control.