Futures Leisure Barnsley Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10057301 (England and Wales)

Financial Statements

for the Period 1st April 2024 to 31st December 2024

for

Futures Leisure Barnsley Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D E Melhus

Mr P I Haagaas

Mr T I McClure

REGISTERED OFFICE:

Unit 5 Britannia Road

Patchway

Bristol

BS34 5TA

REGISTERED NUMBER:

10057301 (England and Wales)

SENIOR STATUTORY AUDITOR:

Matthew Dobbins FCA

AUDITORS:

Dunkley's

Statutory Auditor

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

5

120,764

158,316

CURRENT ASSETS

Stocks

7,852

10,956

Debtors

6

120,455

152,627

Cash at bank and in hand

60,709

74,787

189,016

238,370

CREDITORS

Amounts falling due within one year

7

174,614

244,626

NET CURRENT ASSETS/(LIABILITIES)

14,402

(6,256

)

TOTAL ASSETS LESS CURRENT LIABILITIES

135,166

152,060

PROVISIONS FOR LIABILITIES

11,800

19,799

NET ASSETS

123,366

132,261

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

123,364

132,259

SHAREHOLDERS' FUNDS

123,366

132,261

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 19th December 2025 and were signed on its behalf by:

Mr T I McClure - Director

1.	STATUTORY INFORMATION

Futures Leisure Barnsley 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.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Sale of goods

Revenue arises from the sale of merchandise. Revenue is recognised when the customer accepts delivery of the goods.

Rendering of services

The services provided generally take place on a single day, or over-night.

Revenue is recognised on customer arrival and is measured at the fair value of the consideration received.

Revenue for advance bookings is deferred and recognised on customer arrival or in the case of cancelled

bookings on the date of cancellation.

Tangible fixed assets

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

Freehold property

-

over remaining period of lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% 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.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 32 (2024 - 34 ) .

4.	AUDITORS' REMUNERATION

Period

1/4/24

to

Year Ended

31/12/24

31/3/24

£

Fees payable to the company's auditors for the audit of the company's financial
statements

11,200

-

Auditors' remuneration for non audit work

1,200

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1st April 2024

140,808

333,936

82,820

25,800

583,364

Additions

-

1,453

At 31st December 2024

140,808

333,936

82,820

27,253

584,817

DEPRECIATION

At 1st April 2024

61,687

272,470

68,708

22,183

425,048

Charge for period

5,561

28,720

3,506

1,218

39,005

At 31st December 2024

67,248

301,190

72,214

23,401

464,053

NET BOOK VALUE

At 31st December 2024

73,560

32,746

10,606

3,852

120,764

At 31st March 2024

79,121

61,466

14,112

3,617

158,316

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

Amounts owed by group undertakings

2,611

109,023

Other debtors

81,557

-

Prepayments and accrued income

36,287

43,604

120,455

152,627

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.3.24

£

Trade creditors

31,982

108,610

Tax

18,811

18,802

Social security and other taxes

21,339

15,450

VAT

11,357

39,809

Other creditors

39,979

780

Accruals and deferred income

51,146

61,175

174,614

244,626

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.3.24

£

Within one year

95,433

Between one and five years

381,732

In more than five years

174,961

246,535

652,126

723,700

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.3.24

value:

£

200

Ordinary

£0.01

2

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Limitation of scope regarding stock

We did not observe the counting of physical inventories at the end of the period. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 March 2024, which are included at £10,956 for the comparative period. Consequently, we were unable to determine whether any adjustment to this amount was necessary.

Limitation of scope regarding comparative accruals

Adequate audit work could not be undertaken on accruals due to a discrepancy identified between the accruals figure recorded in the financial statements and the supporting schedule provided by the client.

The accruals balance reported in the financial statements was £37,502, while the client's accruals schedule totalled £17,473, resulting in a discrepancy of £20,029. We were unable to obtain sufficient appropriate audit evidence to reconcile this difference, which constitutes a limitation of scope in respect of accruals.

Limitation of scope regarding comparative Other debtors

Adequate audit work could not be undertaken on the Card Sales Accrual classified under other debtors due to the absence of supporting documentation provided by the client.

The balance in question amounts to £11,519, which represents 100% of the total card sales accrual for the year. We were unable to obtain sufficient appropriate audit evidence to verify its accuracy, which constitutes a limitation of scope in respect of other debtors.

Limitation of scope regarding comparative fixed asset additions

Adequate audit work could not be undertaken on the comparative fixed asset additions due to the lack of available records.

The total value of fixed asset additions in the comparative period that could not be inspected has a value of £19,357 which represents 56% of additions sampled in the comparative year. When extrapolated, there is a possible limitation of scope of £20,064.

Because the opening balances form part of the figures used in the determination of the results for the period ended 31 December 2024, we were unable to determine whether any adjustments might be necessary to the comparative information and the corresponding figures for the current period.

Matthew Dobbins FCA (Senior Statutory Auditor)

for and on behalf of Dunkley's

11.	PENSION COMMITMENTS

During the year, the company operated a defined contribution pension scheme through an external provider.

Employer contributions to the scheme for the period totalled £3,024 (March 2024 - £2,474).

Accrued pension contributions outstanding at the balance date totalled £547 (March 2024 - £1,014).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14.	ULTIMATE CONTROLLING PARTY

The parent of the smallest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The parent of the largest group for which consolidated financial statements are drawn up of which this company is a member is Activeon AS, a company registered in Norway.

The registered office of the parent is Vollsveien 2a, 1366 Lysaker, Norway.