General Information
Lockleaze Sports Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 11156638, registration address Lockleaze Sports Centre Bonnington Walk , Lockleaze, Bristol, BS7 9XF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Going concern basis
The directors have reviewed the financial position of the company and with the continued support of the holding charity do not consider there to be any material uncertainties related to events or conditions that would stop them from preparing the accounts on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performanceconditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service inthe current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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| 2. |
Average number of employees
The below staff numbers equate to 7 (2023: 11) full time equivalents.
Average number of employees during the year was 24 (2023 : 23).
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| 3. |
Stocks
|
2024
£ |
|
2023
£ |
| Stocks |
9,992 |
|
7,107 |
|
9,992 |
|
7,107 |
|
| 4. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Debtors |
48,069 |
|
37,082 |
| Amount Owed by Group Undertakings |
- |
|
10,164 |
| Prepayments & Accrued Income |
16,814 |
|
16,508 |
| Other Debtors |
1,704 |
|
- |
|
66,587 |
|
63,754 |
|
| 5. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Creditors |
16,437 |
|
31,887 |
| Bank Loans & Overdrafts |
5,882 |
|
5,882 |
| Amounts Owed to Group Undertakings |
2,123 |
|
- |
| Corporation Tax |
104 |
|
161 |
| PAYE & Social Security |
6,707 |
|
9,230 |
| Accruals |
22,570 |
|
17,708 |
| Other Creditors |
(994) |
|
75 |
| Pension control |
957 |
|
1,059 |
| VAT |
14,606 |
|
20,559 |
|
68,392 |
|
86,561 |
Creditors include amounts due to be paid to parent charity, Lockleaze Sports Centre Trust of £2,123 (2023: amounts due to be paid by parent charity of £10,164).
|
| 6. |
Creditors: amount falling due after more than one year
|
2024
£ |
|
2023
£ |
| Bank Loans & Overdrafts |
27,614 |
|
33,315 |
|
27,614 |
|
33,315 |
Loans and borrowings include £50,000 advanced in previous years under the UK government CBILS loan scheme. The loan is for 120 month period with annual interest of 2.5%
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2024
£ |
|
2023
£ |
|
1
ordinary share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 8. |
Parent and ultimate parent undertaking
The company's immediate parent is Lockleaze Sports Centre Trust, incorporated in England and Wales.
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| 9. |
Audit report
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 19 September 2025 was Amanda Kruger FCCA, who signed for and on behalf of TC Group.
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2
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