PSG Leisure Limited - Filleted accounts

Registered number

12437189

PSG Leisure Limited

Filleted Accounts

28 February 2026

PSG Leisure Limited
Registered number:		12437189
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		77,497			105,550

Current assets
Stocks		6,400			6,400
Debtors	4	15,561			6,881
Cash at bank and in hand		15,270			11,900
		37,231			25,181

Creditors: amounts falling due within one year	5	(172,683)			(96,460)

Net current liabilities			(135,452)			(71,279)

Total assets less current liabilities			(57,955)			34,271

Creditors: amounts falling due after more than one year	6		(41,754)			(65,988)



Net liabilities			(99,709)			(31,717)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(99,809)			(31,817)

Shareholders' funds			(99,709)			(31,717)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs P Harrison
Director
Approved by the board on 1 June 2026

PSG Leisure Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	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 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			Over the term of the lease
	Plant and machinery			25% Reducing Balance
	Motor Vehicles			25% Reducing Balance
	Fixtures, fittings, tools and equipment			25% Reducing Balance/25% on Cost

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.


	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					10		12


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2025	50,000		44,541		85,457		179,998
	Additions	-		1,965		-		1,965
	At 28 February 2026	50,000		46,506		85,457		181,963

	Depreciation
	At 1 March 2025	26,667		26,417		21,364		74,448
	Charge for the year	8,333		5,661		16,024		30,018
	At 28 February 2026	35,000		32,078		37,388		104,466

	Net book value
	At 28 February 2026	15,000		14,428		48,069		77,497
	At 28 February 2025	23,333		18,124		64,093		105,550


4	Debtors					2026		2025
£							£

	Deferred tax asset					11,811		2,814
	Other debtors					3,750		4,067
						15,561		6,881


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					50,221		37,092
	Obligations under finance lease and hire purchase contracts					18,632		18,632
	Trade creditors					5,799		4,991
	Taxation and social security costs					22,821		537
	Other creditors					75,210		35,208
						172,683		96,460


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					19,321		24,923
	Obligations under finance lease and hire purchase contracts					22,433		41,065
						41,754		65,988



7	Other information

	PSG Leisure Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Royal Oak
	Moor Road
	Filey
	North Yorkshire
	YO14 9QE