Mhs Leisure Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11485561

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		48,658		6,383

			48,658		6,383
CURRENT ASSETS
Stocks	5	25,000		45,500
Debtors	6	68,789		-
Cash at bank and in hand		16,619		3,500

		110,408		49,000
Creditors: Amounts Falling Due Within One Year	7	(77,329 )		(18,400 )

NET CURRENT ASSETS (LIABILITIES)			33,079		30,600

TOTAL ASSETS LESS CURRENT LIABILITIES			81,737		36,983

Creditors: Amounts Falling Due After More Than One Year	8		(68,873 )		(33,205 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,165 )		(1,596 )

NET ASSETS			699		2,182

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			698		2,181

SHAREHOLDERS' FUNDS			699		2,182

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Mhs Leisure Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Homer

Director

20 April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mhs Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11485561 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Mhs Leisure Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 1)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 August 2024	-	33,949	33,949
Additions	57,000	1,495	58,495

As at 31 July 2025	57,000	35,444	92,444

Depreciation
As at 1 August 2024	-	27,566	27,566
Provided during the period	14,250	1,970	16,220

As at 31 July 2025	14,250	29,536	43,786

Net Book Value
As at 31 July 2025	42,750	5,908	48,658

As at 1 August 2024	-	6,383	6,383

5. Stocks

	2025	2024
	£	£
Stock	25,000	-
Materials	-	45,500

	25,000	45,500

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	66,000	-
Other debtors	2,789	-

	68,789	-

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Mhs Leisure Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,207	1,219
Trade creditors	49,441	-
Bank loans and overdrafts	5,556	5,556
Other creditors	1,285	11,625
Taxation and social security	12,840	-

	77,329	18,400

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	40,839	-
Bank loans	28,034	33,205

	68,873	33,205

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,207	1,219
Later than one year and not later than five years	40,839	-

	49,046	1,219

	49,046	1,219

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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