DBS LEISURE LTD


Director	A J WOODS


Registered Address	28 Broad Street
	Wokingham
	RG40 1AB


Place of Business	Northwich Sauna Leisure Complex
	Winnington Lane
	Northwich
	CW8 4GX


Registered Number	12690061 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Asset class Amortisation method and rate Patents and trademarks 10% straight line

Amortisation

Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences
(including software) and customer-related intangible assets acquired in a business combination are
recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible
assets have a finite useful life and are carried at cost less accumulated amortisation and any
accumulated impairment losses.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual
value, over their useful life as follows:
Asset class Amortisation method and rate
Patents and trademarks 10% straight line

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	5		6

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	340	340
At 31 December 24	340	340
Amortisation and impairment
At 01 January 24	34	34
Charge for year	34	34
At 31 December 24	68	68
Net book value
At 31 December 24	272	272
At 31 December 23	306	306

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 January 24	127,588	-	127,588
Additions	171,815	12,500	184,315
At 31 December 24	299,403	12,500	311,903
Depreciation and impairment
At 01 January 24	47,895	-	47,895
Charge for year	62,879	3,125	66,004
At 31 December 24	110,774	3,125	113,899
Net book value
At 31 December 24	188,629	9,375	198,004
At 31 December 23	79,693	-	79,693

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	240
Other debtors	-	6,256
Prepayments and accrued income	6,847	7,633
Total	6,847	14,129

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	9,998	8,867
Bank borrowings and overdrafts	3,168	-
Taxation and social security	26,807	37,181
Other creditors	1,037	2,009
Accrued liabilities and deferred income	44,519	41,739
Total	85,529	89,796

7.	Creditors: amounts due after one year

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	49,501	15,142
Total	49,501	15,142

9.	Related party transactions
	During the period the company was charged rent, at market value, of £120,000 (2023: £157,500) from Newey McCartney Holdings Ltd, a shareholder and a company with a common director. During the period the company repaid a loan for the sum of £NIL (2023: £5,000) to Newey McCartney Holdings Ltd. The balance the company owed Newey McCartney Holdings Ltd at the year end was £NIL (2023: £NIL). The loan was interest free and was repayable on demand. During the period the company received the sum of £400 (2023: £400) from a client of a related company, MS Licensed Events Ltd. At the year end the company owed MS Licensed Events Ltd £800 (2023: £400), the loan, shown in other creditors, is interest free and repayable on demand. At the year end the company owed MS Live Productions Ltd £148 (2023: £617) the loan, shown in other creditors, is interest free and repayable on demand.

Related party transactions

During the period the company was charged rent, at market value, of £120,000 (2023: £157,500) from Newey McCartney Holdings Ltd, a shareholder and a company with a common director. During the period the company repaid a loan for the sum of £NIL (2023: £5,000) to Newey McCartney Holdings Ltd.  The balance the company owed Newey McCartney Holdings Ltd at the year end was £NIL (2023: £NIL).  The loan was interest free and was repayable on demand.  During the period the company received the sum of £400 (2023: £400) from a client of a related company, MS Licensed Events Ltd.  At the year end the company owed MS Licensed Events Ltd £800 (2023: £400), the loan, shown in other creditors, is interest free and repayable on demand.  At the year end the company owed MS Live Productions Ltd £148 (2023: £617) the loan, shown in other creditors, is interest free and repayable on demand.

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		272		306
Tangible assets	4		198,004		79,693
			198,276		79,999
Current assets
Debtors	5	6,847		14,129
Cash at bank and on hand		54,475		106,913
		61,322		121,042
Creditors amounts falling due within one year	6	(85,529)		(89,796)
Net current assets (liabilities)			(24,207)		31,246
Total assets less current liabilities			174,069		111,245
Provisions for liabilities	8		(49,501)		(15,142)
Net assets			124,568		96,103
Capital and reserves
Called up share capital			100		100
Profit and loss account			124,468		96,003
Shareholders' funds			124,568		96,103