Fenland Leisure Products Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03515119 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

FENLAND LEISURE PRODUCTS LIMITED

TRADING AS

ONLINE PLAYGROUNDS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A J Sparrow

J Sparrow

SECRETARIES:

A J Sparrow

Miss A J Griffin

REGISTERED OFFICE:

Fenland House

Padgetts Road

Christchurch

Wisbech

Cambridgeshire

PE14 9PJ

REGISTERED NUMBER:

03515119 (England and Wales)

ACCOUNTANTS:

John Wildman Chartered Accountants

15 Grove Place

Bedford

MK40 3JJ

BANKERS:

Lloyds Bank plc

3 North Brink

Wisbech

Cambridgeshire

PE13 1JT

FIXED ASSETS

Tangible assets

4

345,891

361,895

CURRENT ASSETS

Stocks

5

355,736

342,579

Debtors

6

119,806

203,824

Cash at bank and in hand

148,767

83,245

624,309

629,648

CREDITORS

Amounts falling due within one year

7

391,850

430,742

NET CURRENT ASSETS

232,459

198,906

TOTAL ASSETS LESS CURRENT
LIABILITIES

578,350

560,801

CREDITORS

Amounts falling due after more than
one year

8

(102,870

)

(131,744

)

PROVISIONS FOR LIABILITIES

10

(55,663

)

(59,485

)

NET ASSETS

419,817

369,572

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

419,617

369,372

SHAREHOLDERS' FUNDS

419,817

369,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 4th September 2025 and were signed on its behalf by:

A J Sparrow - Director

1.	STATUTORY INFORMATION

Fenland Leisure Products Limited is a private company, limited by shares , registered in England and Wales. 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.

These financial statements are prepared on the going concern basis as it is the intention of the directors to continue supporting the company for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Buildings

-

10% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 28 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

Buildings

machinery

vehicles

equipment

Totals

£

COST

At 1st January 2024

567,518

578,359

107,238

100,185

1,353,300

Additions

-

50,404

-

50,404

Disposals

-

(24,390

)

-

(24,390

)

At 31st December 2024

567,518

628,763

82,848

100,185

1,379,314

DEPRECIATION

At 1st January 2024

455,518

421,265

28,533

86,089

991,405

Charge for year

-

34,171

19,676

2,701

56,548

Eliminated on disposal

-

(14,530

)

-

(14,530

)

At 31st December 2024

455,518

455,436

33,679

88,790

1,033,423

NET BOOK VALUE

At 31st December 2024

112,000

173,327

49,169

11,395

345,891

At 31st December 2023

112,000

157,094

78,705

14,096

361,895

5.

STOCKS

31.12.24

31.12.23

£

Stocks

355,736

342,579

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

92,671

170,520

Deposits paid

2,000

-

Directors' loan accounts

25,135

Corporation tax refundable

-

8,169

119,806

203,824

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

25,040

24,049

Hire purchase contracts

24,604

45,524

Trade creditors

212,375

245,440

Corporation tax

31,303

26,114

PAYE & NI

20,156

17,211

VAT

70,583

65,007

Other creditors

3,600

3,208

Directors' loan accounts

1,889

Accrued expenses

2,300

391,850

430,742

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

79,869

94,909

Bank loan - BBL

4,167

14,167

Hire purchase contracts

18,834

22,668

102,870

131,744

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

109,076

133,125

Debenture dated 16 July 2008 held by Lloyds Bank plc over all the company property and assets.

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

Deferred tax

55,663

59,485

Deferred

tax

£

Balance at 1st January 2024

59,485

Provided during year

(3,822

)

Balance at 31st December 2024

55,663

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

31.12.24

31.12.23

£

A J Sparrow

Balance outstanding at start of year

25,135

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

25,135

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fenland Leisure Products Limited for the year ended 31st December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fenland Leisure Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fenland Leisure Products Limited and state those matters that we have agreed to state to the Board of Directors of Fenland Leisure Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fenland Leisure Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fenland Leisure Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fenland Leisure Products Limited. You consider that Fenland Leisure Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fenland Leisure Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

John Wildman Chartered Accountants

15 Grove Place

Bedford

MK40 3JJ

4th September 2025