Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01No description of principal activity77falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04068804 2023-10-01 2024-09-30 04068804 2024-09-30 04068804 2022-10-01 2023-09-30 04068804 2023-09-30 04068804 c:Director1 2023-10-01 2024-09-30 04068804 c:RegisteredOffice 2023-10-01 2024-09-30 04068804 d:PlantMachinery 2024-09-30 04068804 d:PlantMachinery 2023-09-30 04068804 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04068804 d:MotorVehicles 2023-10-01 2024-09-30 04068804 d:MotorVehicles 2024-09-30 04068804 d:MotorVehicles 2023-09-30 04068804 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04068804 d:FurnitureFittings 2024-09-30 04068804 d:FurnitureFittings 2023-09-30 04068804 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04068804 d:ComputerEquipment 2024-09-30 04068804 d:ComputerEquipment 2023-09-30 04068804 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04068804 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04068804 d:CurrentFinancialInstruments 2024-09-30 04068804 d:CurrentFinancialInstruments 2023-09-30 04068804 d:Non-currentFinancialInstruments 2024-09-30 04068804 d:Non-currentFinancialInstruments 2023-09-30 04068804 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04068804 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04068804 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04068804 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04068804 d:ShareCapital 2024-09-30 04068804 d:ShareCapital 2023-09-30 04068804 d:RetainedEarningsAccumulatedLosses 2024-09-30 04068804 d:RetainedEarningsAccumulatedLosses 2023-09-30 04068804 c:FRS102 2023-10-01 2024-09-30 04068804 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04068804 c:FullAccounts 2023-10-01 2024-09-30 04068804 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04068804 d:WithinOneYear 2024-09-30 04068804 d:WithinOneYear 2023-09-30 04068804 d:BetweenOneFiveYears 2024-09-30 04068804 d:BetweenOneFiveYears 2023-09-30 04068804 2 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 04068804







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


INNOVATIVE LEISURE LIMITED






































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INNOVATIVE LEISURE LIMITED
 


 
COMPANY INFORMATION


Director
P J Pickersgill 




Registered number
04068804



Registered office
5 Pomeroy Drive
Oadby

Leicester

Leicestershire

LE2 5NE




Accountants
Menzies LLP
Chartered Accountants

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


INNOVATIVE LEISURE LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


INNOVATIVE LEISURE LIMITED
REGISTERED NUMBER:04068804



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,697
56,929

  
42,697
56,929

Current assets
  

Stocks
  
178,925
145,467

Debtors: amounts falling due within one year
 5 
174,110
117,439

Cash at bank and in hand
  
46,593
304,855

  
399,628
567,761

Creditors: amounts falling due within one year
 6 
(283,666)
(349,030)

Net current assets
  
 
 
115,962
 
 
218,731

Total assets less current liabilities
  
158,659
275,660

Creditors: amounts falling due after more than one year
 7 
(42,154)
(86,456)

  

Net assets
  
116,505
189,204


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
116,405
189,104

  
116,505
189,204


Page 1

 


INNOVATIVE LEISURE LIMITED
REGISTERED NUMBER:04068804


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
P J Pickersgill
Director

Date: 16 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


INNOVATIVE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Innovative Leisure Limited is a private company limited by shares incorporated in the United Kingdom under Companies Act 2006 and is registered in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
The company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 


INNOVATIVE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are valued at the lower of cost and net realised value, after making allowances for obsolete and slow moving stock. 

Page 4

 


INNOVATIVE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
209
99,284
12,696
15,275
127,464



At 30 September 2024

209
99,284
12,696
15,275
127,464



Depreciation


At 1 October 2023
209
42,355
12,696
15,275
70,535


Charge for the year on owned assets
-
14,232
-
-
14,232



At 30 September 2024

209
56,587
12,696
15,275
84,767



Net book value



At 30 September 2024
-
42,697
-
-
42,697



At 30 September 2023
-
56,929
-
-
56,929

Page 5

 


INNOVATIVE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
151,039
61,719

Prepayments and accrued income
23,071
55,720

174,110
117,439



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
30,000
30,000

Trade creditors
136,216
154,163

Corporation tax
25,986
16,314

Other taxation and social security
26,156
37,368

Other creditors
41,682
83,605

Accruals and deferred income
23,626
27,580

283,666
349,030



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
35,000
65,000

Net obligations under finance leases and hire purchase contracts
7,154
21,456

42,154
86,456



8.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
15,628
29,000

Later than 1 year and not later than 5 years
-
15,628

15,628
44,628

Page 6

 


INNOVATIVE LEISURE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Transactions with Director

During the year the following transactions with a director took place:


Brought forward
Advances/  Credit
Repaid
Carried Forward
£
£
£
£

Director loan
(4,178)
103,003
(94,000)
4,826
(4,178)
103,003
(94,000)
4,826

Interest of £375 (2023: £67) was charged on this loan during the year.

 
Page 7