Registered number
03644276
Brookside Leisure Ltd
Filleted Accounts
31 October 2024
Brookside Leisure Ltd
Registered number: 03644276
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,135,540 897,246
Current assets
Stocks 254,511 187,289
Work in progress 88,931 88,931
Debtors 4 150,836 77,037
Cash at bank and in hand 1,481,381 1,036,674
1,975,659 1,389,931
Creditors: amounts falling due within one year 5 (278,479) (197,798)
Net current assets 1,697,180 1,192,133
Total assets less current liabilities 2,832,720 2,089,379
Creditors: amounts falling due after more than one year 6 (505,180) (220,280)
Provisions for liabilities (78,246) (11,411)
Net assets 2,249,294 1,857,688
Capital and reserves
Called up share capital 20 2
Profit and loss account 2,249,274 1,857,686
Shareholders' funds 2,249,294 1,857,688
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K A Dighton
Director
Approved by the board on 24 July 2025
Brookside Leisure Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 631,049 233,570 433,309 1,297,928
Additions - 4,700 435,098 439,798
Disposals - - (79,225) (79,225)
At 31 October 2024 631,049 238,270 789,182 1,658,501
Depreciation
At 1 November 2023 179,182 141,451 80,049 400,682
Charge for the year 18,875 24,310 80,692 123,877
On disposals - - (1,598) (1,598)
At 31 October 2024 198,057 165,761 159,143 522,961
Net book value
At 31 October 2024 432,992 72,509 630,039 1,135,540
At 31 October 2023 451,867 92,119 353,260 897,246
4 Debtors 2024 2023
£ £
Trade debtors - 27,037
Other debtors 150,836 50,000
150,836 77,037
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 77,897 13,118
Trade creditors 2,504 -
Taxation and social security costs 106,591 95,225
Accruals and Deferred Income 89,600 88,100
Other creditors 1,887 1,355
278,479 197,798
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 346,765 83,807
Directors Loan Account 669 19
Other creditors 157,746 136,454
505,180 220,280
7 Other information
Brookside Leisure Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Richmond House
38 High Street
Hurstpierpoint
West Sussex
BN6 9RG
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