REGISTERED NUMBER: 07143312 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Audacity Leisure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Carver-Wynne

D R Ellis

C Guest

REGISTERED OFFICE:

c/o Das Kino

22 Fletcher Gate

Nottingham

Nottinghamshire

NG1 2FZ

REGISTERED NUMBER:

07143312 (England and Wales)

ACCOUNTANTS:

Beaumont Chapman Limited

Foxhall Lodge

Foxhall Road

Nottingham

Nottinghamshire

NG7 6LH

FIXED ASSETS

Tangible assets

4

60,771

69,763

CURRENT ASSETS

Stocks

30,378

30,770

Debtors

5

9,546

25,154

Cash at bank

232,770

324,030

272,694

379,954

CREDITORS

Amounts falling due within one year

6

197,099

274,613

NET CURRENT ASSETS

75,595

105,341

TOTAL ASSETS LESS CURRENT LIABILITIES

136,366

175,104

CREDITORS

Amounts falling due after more than one year

7

(24,764

)

(30,353

)

PROVISIONS FOR LIABILITIES

(15,193

)

(17,441

)

NET ASSETS

96,409

127,310

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

96,379

127,280

96,409

127,310

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 26 November 2025 and were signed on its behalf by:

D R Ellis - Director

1.	STATUTORY INFORMATION

Audacity Leisure Ltd 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.

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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

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 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

159,051

Additions

37,724

At 31 March 2025

196,775

DEPRECIATION

At 1 April 2024

89,288

Charge for year

46,716

At 31 March 2025

136,004

NET BOOK VALUE

At 31 March 2025

60,771

At 31 March 2024

69,763

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

9,546

25,154

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,446

6,446

Trade creditors

33,825

47,380

Amounts owed to group undertakings

268

2,790

Taxation and social security

48,812

66,577

Other creditors

107,748

151,420

197,099

274,613

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

24,764

30,353

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,569

8.	RELATED PARTY DISCLOSURES

During the year the company purchased services from Fletchergate Industries to a value of £157,763 (2024: £133,428) The balance outstanding at 31 March 2025 is £13,212 (2024: £2,366).

During the year Audacity Leisure Limited sold services to EQ Entertainment Limited to a value of £9,071 (2024: nil). The balance outstanding at 31 March 2025 is £143 (2024: nil).

During the year Audacity Leisure Limited sold services to Shards Limited to a value of £5,074 (2024 nil) The balance outstanding at 31 March 2025 is £143 (2024: nil).

During the year Audacity Leisure Limited sold services to Our Secret Garden Limited to a value of £5,723 (2024 £3,015) The balance outstanding at 31 March 2025 is £289 (2024: £153)

During the year the company rented a premise from a company of whom the directors are shareholders for £80,000 (2024: £80,000) which is considered open market value. The balance outstanding at 31 March 2025 is £3,000 due to rents paid in advance (2024: £20,000).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Fletchergate Industries Ltd by virtue of its shareholding.