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Registered number: 06061836
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W F Leisure UK Limited
Financial statements
Information for filing with the registrar
31 January 2025
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Balance sheet
At 31 January 2025
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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1
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Balance sheet (continued)
At 31 January 2025
The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 comprehensive income 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 on 21 July 2025.
Company registered number: 06061836
The notes on pages 3 to 7 form part of these financial statements.
2
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Notes to the financial statements
Year ended 31 January 2025
The company is a private company limited by shares, registered and domiciled in England and Wales. The address of the registered office is Unit 4, Greencroft Industrial, Park, Annfield Plain, Stanley, Co. Durham, DH9 7YB.
2.Accounting policies
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdon and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
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.
Interest income is recognised in profit or loss using the effective interest method.
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Current and deferred taxation
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The tax expense for the period comprises current and deferred tax. 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 balance sheet date in the countries where the company operates and generates income.
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.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in equity, except to the extent it reverses a revaluation
decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount
of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of
any previously recognised revaluation increase accumulated in equity in respect of that asset. Where
a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect
of that asset, the excess shall be recognised in profit or loss.
3
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Notes to the financial statements
Year ended 31 January 2025
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives using both the straight lined method and the reducing balance method.
Depreciation is provided on the following basis:
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Office and computer equipment
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Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
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.
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The average monthly number of employees, including directors, during the period was 15 (2024 - 14).
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4
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Notes to the financial statements
Year ended 31 January 2025
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Office and computer equipment
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Prepayments and accrued income
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5
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Notes to the financial statements
Year ended 31 January 2025
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Creditors: amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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The following liabilities were secured:
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Finance leases and hire purchase contracts
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Details of security provided:
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Hire purchase creditors are secured on the assets to which they relate.
6
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Notes to the financial statements
Year ended 31 January 2025
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Creditors: amounts falling due after more than one year
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Net obligations under finance leases and hire purchase contracts
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The following liabilities were secured:
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Finance leases and hire purchase contracts
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Details of security provided:
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Hire purchase creditors are secured on the assets to which they relate.
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Commitments under operating leases
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At 31 January 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Transactions with directors
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During the period, the directors used a loan account to record amounts due to and from the company. At the end of the period, the balance due to the director from the company was £11,404 (2024: £817 due from the director). The loan is unsecured, with no interest and no fixed terms of repayment have been agreed.
7
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