Lanarkshire Leisure Link Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC172982 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lanarkshire Leisure Link Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr E S Gillies

Mr S T Gillies

Ms S M Holloway

SECRETARY:

Mr E S Gillies

REGISTERED OFFICE:

Old Post House

24 High Street

Pittenweem

Fife

KY10 2LA

REGISTERED NUMBER:

SC172982 (Scotland)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

7,934

11,087

CURRENT ASSETS

Debtors

5

265,786

111,967

Cash at bank

160,399

496,958

426,185

608,925

CREDITORS

Amounts falling due within one year

6

154,197

208,434

NET CURRENT ASSETS

271,988

400,491

TOTAL ASSETS LESS CURRENT LIABILITIES

279,922

411,578

PROVISIONS FOR LIABILITIES

1,984

2,772

NET ASSETS

277,938

408,806

CAPITAL AND RESERVES

Called up share capital

7

2,000

Retained earnings

8

275,938

406,806

SHAREHOLDERS' FUNDS

277,938

408,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 27 August 2025 and were signed on its behalf by:

Mr E S Gillies - Director

1.	STATUTORY INFORMATION

Lanarkshire Leisure Link Limited 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

Reducing balance over 3 years

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 April 2024

12,811

154,787

167,598

Additions

-

708

At 31 March 2025

12,811

155,495

168,306

DEPRECIATION

At 1 April 2024

12,580

143,931

156,511

Charge for year

46

3,815

3,861

At 31 March 2025

12,626

147,746

160,372

NET BOOK VALUE

At 31 March 2025

185

7,749

7,934

At 31 March 2024

231

10,856

11,087

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

262,947

111,347

Other debtors

1,010

-

Directors' current accounts

1,320

-

Prepayments

509

620

265,786

111,967

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

92,336

110,315

Tax

25,641

62,359

VAT

31,336

27,430

Other creditors

1,185

4,776

Directors' current accounts

624

Accrued expenses

3,075

2,930

154,197

208,434

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2,000

Ordinary

£1

2,000

8.

RESERVES

Retained

earnings

£

At 1 April 2024

406,806

Profit for the year

69,132

Dividends

(200,000

)

At 31 March 2025

275,938

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr E S Gillies

Balance outstanding at start of year

(312

)

(1,681

)

Amounts advanced

3,959

10,790

Amounts repaid

(2,327

)

(9,421

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,320

(312

)

The directors loan account was repaid within nine months of the balance sheet date.