Company Registration No. 06755136 (England and Wales)
LIADZ LEISURE LIMITED
Unaudited accounts
for the year ended 30 November 2024
LIADZ LEISURE LIMITED
Unaudited accounts
Contents
LIADZ LEISURE LIMITED
Company Information
for the year ended 30 November 2024
Directors
Mrs Karen Dickman
Mr John Dickman
Company Number
06755136 (England and Wales)
Registered Office
13-14 Derwent Street
Sunderland
SR1 3NT
England
Accountants
Waite Accountants Limited
Hope Street Xchange
1-3 Hind Street
Sunderland
SR1 3QD
LIADZ LEISURE LIMITED
Statement of financial position
as at 30 November 2024
Tangible assets
118,980
66,724
Cash at bank and in hand
274,599
285,841
Creditors: amounts falling due within one year
(145,932)
(214,553)
Net current assets
166,053
98,839
Total assets less current liabilities
285,033
165,563
Creditors: amounts falling due after more than one year
-
(9,219)
Provisions for liabilities
Deferred tax
(28,704)
(15,187)
Net assets
256,329
141,157
Called up share capital
50
50
Profit and loss account
256,279
141,107
Shareholders' funds
256,329
141,157
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by
Mrs Karen Dickman
Director
Company Registration No. 06755136
LIADZ LEISURE LIMITED
Notes to the Accounts
for the year ended 30 November 2024
LIADZ LEISURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06755136. The registered office is 13-14 Derwent Street, Sunderland, SR1 3NT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
LIADZ LEISURE LIMITED
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
112,636
425,957
5,667
50,426
594,686
Additions
36,796
12,782
-
27,188
76,766
At 30 November 2024
149,432
438,739
5,667
77,614
671,452
At 1 December 2023
112,636
375,590
2,156
37,580
527,962
Charge for the year
1,840
14,700
878
7,092
24,510
At 30 November 2024
114,476
390,290
3,034
44,672
552,472
At 30 November 2024
34,956
48,449
2,633
32,942
118,980
At 30 November 2023
-
50,367
3,511
12,846
66,724
Amounts falling due within one year
Accrued income and prepayments
14,944
5,231
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,000
Trade creditors
1,106
25,905
Taxes and social security
38,090
20,710
Other creditors
5,731
21,622
Loans from directors
56,945
87,262
7
Creditors: amounts falling due after more than one year
2024
2023
LIADZ LEISURE LIMITED
Notes to the Accounts
for the year ended 30 November 2024
8
Transactions with related parties
Key management personnel of the entity (in the aggregate)
Amount due to related party
2024- £56,945
2023- £87,262
No interest is charged on the above loan.
9
Average number of employees
During the year the average number of employees was 24 (2023: 23).