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REGISTERED NUMBER: SC354568 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

LEISURE ISLAND (SCOTLAND) LTD.

LEISURE ISLAND (SCOTLAND) LTD. (REGISTERED NUMBER: SC354568)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEISURE ISLAND (SCOTLAND) LTD.

COMPANY INFORMATION
for the Year Ended 28 February 2025







DIRECTORS: R Di Ciacca
H Smith
H Smith





SECRETARY: H Smith





REGISTERED OFFICE: C/O Kean Jarman & Co.
27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC354568 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

LEISURE ISLAND (SCOTLAND) LTD. (REGISTERED NUMBER: SC354568)

BALANCE SHEET
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,882 119,862

CURRENT ASSETS
Debtors 5 5,698 2,375
Cash at bank and in hand 99,474 81,270
105,172 83,645
CREDITORS
Amounts falling due within one year 6 100,946 86,477
NET CURRENT ASSETS/(LIABILITIES) 4,226 (2,832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,108

117,030

CREDITORS
Amounts falling due after more than one year 7 (12,390 ) (22,823 )

PROVISIONS FOR LIABILITIES (16,657 ) (20,073 )
NET ASSETS 77,061 74,134

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,961 74,034
SHAREHOLDERS' FUNDS 77,061 74,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LEISURE ISLAND (SCOTLAND) LTD. (REGISTERED NUMBER: SC354568)

BALANCE SHEET - continued
28 February 2025


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 Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:




R Di Ciacca - Director



H Smith - Director


LEISURE ISLAND (SCOTLAND) LTD. (REGISTERED NUMBER: SC354568)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Leisure Island (Scotland) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

LEISURE ISLAND (SCOTLAND) LTD. (REGISTERED NUMBER: SC354568)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 March 2024
and 28 February 2025 11,476 560,212 1,635 573,323
DEPRECIATION
At 1 March 2024 11,476 440,881 1,104 453,461
Charge for year - 17,900 80 17,980
At 28 February 2025 11,476 458,781 1,184 471,441
NET BOOK VALUE
At 28 February 2025 - 101,431 451 101,882
At 29 February 2024 - 119,331 531 119,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Prepayments and accrued income 5,698 2,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 10,048 9,568
Social security and other taxes 2,750 2,540
Other creditors 469 469
Directors' current accounts 64,000 64,000
Accrued expenses 23,679 9,900
100,946 86,477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans - 1-2 years 10,048 9,568
Bank loans - 2-5 years 2,342 13,255
12,390 22,823

LEISURE ISLAND (SCOTLAND) LTD. (REGISTERED NUMBER: SC354568)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.25 29.2.24
£    £   
Within one year 126,000 126,000
Between one and five years 504,000 504,000
In more than five years 630,000 756,000
1,260,000 1,386,000

9. RELATED PARTY DISCLOSURES

The directors of the company were owed £64,000 (2024-£64,000) at the year end. £64,000 was the maximum amount outstanding during the year.