4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,450 7,391 1,765 9,156 5,294 7,059 xbrli:pure xbrli:shares iso4217:GBP 12272174 2023-11-01 2024-10-31 12272174 2024-10-31 12272174 2023-10-31 12272174 2022-11-01 2023-10-31 12272174 2023-10-31 12272174 2022-10-31 12272174 core:PlantMachinery 2023-11-01 2024-10-31 12272174 bus:Director1 2023-11-01 2024-10-31 12272174 bus:Director2 2023-11-01 2024-10-31 12272174 core:PlantMachinery 2023-10-31 12272174 core:PlantMachinery 2024-10-31 12272174 core:WithinOneYear 2024-10-31 12272174 core:WithinOneYear 2023-10-31 12272174 core:AfterOneYear 2024-10-31 12272174 core:AfterOneYear 2023-10-31 12272174 core:ShareCapital 2024-10-31 12272174 core:ShareCapital 2023-10-31 12272174 core:RetainedEarningsAccumulatedLosses 2024-10-31 12272174 core:RetainedEarningsAccumulatedLosses 2023-10-31 12272174 core:PlantMachinery 2023-10-31 12272174 bus:SmallEntities 2023-11-01 2024-10-31 12272174 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12272174 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12272174 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12272174 bus:FullAccounts 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 12272174
COSMIC LEISURE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 October 2024
COSMIC LEISURE LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
5,294
7,059
CURRENT ASSETS
Stocks
453,000
255,600
Debtors
6
608,249
297,044
Cash at bank and in hand
17,308
37,863
------------
---------
1,078,557
590,507
CREDITORS: amounts falling due within one year
7
( 1,027,870)
( 562,156)
------------
---------
NET CURRENT ASSETS
50,687
28,351
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
55,981
35,410
CREDITORS: amounts falling due after more than one year
8
( 25,463)
( 31,018)
PROVISIONS
( 1,228)
( 1,341)
--------
--------
NET ASSETS
29,290
3,051
--------
--------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
29,288
3,049
--------
-------
SHAREHOLDERS FUNDS
29,290
3,051
--------
-------
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 31 October 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 .
COSMIC LEISURE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 21 July 2025 , and are signed on behalf of the board by:
H Manton
M P Austin
Director
Director
Company registration number: 12272174
COSMIC LEISURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
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:
Plant and machinery
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 November 2023 and 31 October 2024
14,450
--------
Depreciation
At 1 November 2023
7,391
Charge for the year
1,765
--------
At 31 October 2024
9,156
--------
Carrying amount
At 31 October 2024
5,294
--------
At 31 October 2023
7,059
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
551,345
278,417
Other debtors
56,904
18,627
---------
---------
608,249
297,044
---------
---------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,556
5,556
Trade creditors
284,011
160,636
Amounts owed to group undertakings and undertakings in which the company has a participating interest
476,705
336,433
Corporation tax
25,628
13,113
Social security and other taxes
169,464
9,563
Other creditors
62,384
33,235
Other creditors
4,122
3,620
------------
---------
1,027,870
562,156
------------
---------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,463
31,018
--------
--------