LEISUREMATIC LIMITED


Directors	BARKER, Aileen
	BARKER, Jonathan
	HOLLAND, Sally
	HOLLAND, Stephen


Company Secretary	HOLLAND, Stephen


Registered Address	James Watson House Montgomery Way
	Rosehill Industrial Estate
	Carlisle
	CA1 2UU


Registered Number	05847134 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2025

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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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 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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Turnover 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.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation.

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Vehicles	-	4
Office Equipment	-	5

	Finance leases and hire purchase contracts
	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term. Where the company is a lessor rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Where the company is a lessor rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		10

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 July 24	6,300	6,300
At 30 June 25	6,300	6,300
Amortisation and impairment
At 01 July 24	6,300	6,300
At 30 June 25	6,300	6,300
Net book value
At 30 June 25	-	-
At 30 June 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 July 24	2,330,268	170,855	2,381	2,503,504
Additions	812,743	44,890	1,689	859,322
Disposals	(114,270)	(36,177)	-	(150,447)
At 30 June 25	3,028,741	179,568	4,070	3,212,379
Depreciation and impairment
At 01 July 24	1,270,103	87,018	2,381	1,359,502
Charge for year	275,563	36,573	97	312,233
On disposals	(59,566)	(32,240)	-	(91,806)
At 30 June 25	1,486,100	91,351	2,478	1,579,929
Net book value
At 30 June 25	1,542,641	88,217	1,592	1,632,450
At 30 June 24	1,060,165	83,837	-	1,144,002

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	194,050	347,734
Other debtors	4,090	5,875
Prepayments and accrued income	209	209
Total	198,349	353,818

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	333,762	225,584
Bank borrowings and overdrafts	44,333	73,405
Taxation and social security	88,610	178,650
Finance lease and HP contracts	31,397	63,796
Other creditors	32,327	393,657
Accrued liabilities and deferred income	1,987	1,846
Total	532,416	936,938

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	8,750	53,083
Other creditors	29,597	32,328
Total	38,347	85,411


	Included within other creditors is £29,597 (2024: £32,328) relating to amounts due on Finance lease and HP contracts. Finance lease and HP contracts are secured on the assets to which they relate.

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	60,994		96,123

9.	Provisions for liabilities
	The provision for deferred tax arises from the accelerated capital allowances on tangible fixed assets.

	2025	2024
	£	£
Net deferred tax liability (asset)	408,000	286,000
Total	408,000	286,000

10.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,123 (2024 - £894) were due to the fund. They are included in other creditors.

11.	Other commitments
	At 30 June 2025 the company had future minimum lease payments under non-cancellable operating leases of £7,800 (2024: £23,400).

12.	Directors advances, credits and guarantees
	At 1 July 2024 the company owed a director £96,132. At 30 June 2025 the company owed the director £18,171. The loan is interest free, unsecured and repayable on demand. At 1 July 2024 the company owed a director £96,396. At 30 June 2025 the director owed the company £797. The loan is interest free, unsecured and repayable on demand. At 1 July 2024 the company owed a director £98,992. At 30 June 2025 the director owed the company £992. The loan is interest free, unsecured and repayable on demand. At 1 July 2024 the company owed a director £101,242. At 30 June 2025 the company owed the director £11,242. The loan is interest free, unsecured and repayable on demand.

12.

Directors advances, credits and guarantees

At 1 July 2024 the company owed a director £96,132. At 30 June 2025 the company owed the director £18,171. The loan is interest free, unsecured and repayable on demand.

At 1 July 2024 the company owed a director £96,396. At 30 June 2025 the director owed the company £797. The loan is interest free, unsecured and repayable on demand.

At 1 July 2024 the company owed a director £98,992. At 30 June 2025 the director owed the company £992. The loan is interest free, unsecured and repayable on demand.

At 1 July 2024 the company owed a director £101,242. At 30 June 2025 the company owed the director £11,242. The loan is interest free, unsecured and repayable on demand.

13.	Related party transactions
	During the current and previous year the company operated from a property owned personally by two of the directors rent free.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		1,632,450		1,144,002
			1,632,450		1,144,002
Current assets
Debtors	5	198,349		353,818
Cash at bank and on hand		83,979		449,632
		282,328		803,450
Creditors amounts falling due within one year	6	(532,416)		(936,938)
Net current assets (liabilities)			(250,088)		(133,488)
Total assets less current liabilities			1,382,362		1,010,514
Creditors amounts falling due after one year	7		(38,347)		(85,411)
Provisions for liabilities	9		(408,000)		(286,000)
Net assets			936,015		639,103
Capital and reserves
Called up share capital			100		100
Profit and loss account			935,915		639,003
Shareholders' funds			936,015		639,103