2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 27,559 639 28,198 26,050 673 26,723 1,475 1,509 xbrli:pure xbrli:shares iso4217:GBP SC101850 2023-07-01 2024-06-30 SC101850 2024-06-30 SC101850 2023-06-30 SC101850 2022-07-01 2023-06-30 SC101850 2023-06-30 SC101850 2022-06-30 SC101850 core:FurnitureFittings 2023-07-01 2024-06-30 SC101850 bus:Director1 2023-07-01 2024-06-30 SC101850 core:FurnitureFittings 2023-06-30 SC101850 core:FurnitureFittings 2024-06-30 SC101850 core:WithinOneYear 2024-06-30 SC101850 core:WithinOneYear 2023-06-30 SC101850 core:ShareCapital 2024-06-30 SC101850 core:ShareCapital 2023-06-30 SC101850 core:SharePremium 2024-06-30 SC101850 core:SharePremium 2023-06-30 SC101850 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC101850 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC101850 core:FurnitureFittings 2023-06-30 SC101850 bus:SmallEntities 2023-07-01 2024-06-30 SC101850 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC101850 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC101850 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC101850 bus:FullAccounts 2023-07-01 2024-06-30 SC101850 core:KeyManagementIndividualGroup1 2023-07-01 2024-06-30 SC101850 core:KeyManagementIndividualGroup1 2024-06-30
COMPANY REGISTRATION NUMBER: SC101850
Lecht Ski School Limited
Filleted Unaudited Financial Statements
30 June 2024
Lecht Ski School Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,475
1,509
Current assets
Debtors
6
2,028
2,429
Cash at bank and in hand
10,300
18,181
--------
--------
12,328
20,610
Creditors: amounts falling due within one year
7
( 9,574)
( 8,949)
--------
--------
Net current assets
2,754
11,661
-------
--------
Total assets less current liabilities
4,229
13,170
-------
--------
Net assets
4,229
13,170
-------
--------
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
100
100
Profit and loss account
3,129
12,070
-------
--------
Shareholders funds
4,229
13,170
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lecht Ski School Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
H M Clark
Director
Company registration number: SC101850
Lecht Ski School Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Lecht Ski Centre, Corgarff, Aberdeenshire, AB36 8YP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 July 2023
27,559
27,559
Additions
639
639
--------
--------
At 30 June 2024
28,198
28,198
--------
--------
Depreciation
At 1 July 2023
26,050
26,050
Charge for the year
673
673
--------
--------
At 30 June 2024
26,723
26,723
--------
--------
Carrying amount
At 30 June 2024
1,475
1,475
--------
--------
At 30 June 2023
1,509
1,509
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
792
1,200
Other debtors
1,236
1,229
-------
-------
2,028
2,429
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
3,110
3,110
Other creditors
6,464
5,839
-------
-------
9,574
8,949
-------
-------
8. Related party transactions
At 30 June 2024 the company was due one (2023 - one) director £ 4,972 (2023 - £4,417). This loan is interest free and has no definite terms of repayment.