Leisure Time Sports Limited

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

Registered number: SC256546

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,367		2,500

			2,367		2,500
CURRENT ASSETS
Stocks	6	116,292		94,693
Debtors	7	6,160		5,791

		122,452		100,484
Creditors: Amounts Falling Due Within One Year	8	(69,450 )		(57,161 )

NET CURRENT ASSETS (LIABILITIES)			53,002		43,323

TOTAL ASSETS LESS CURRENT LIABILITIES			55,369		45,823

NET ASSETS			55,369		45,823

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			55,269		45,723

SHAREHOLDERS' FUNDS			55,369		45,823

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Leisure Time Sports Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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 Rory Macdonald

Director

01/07/2026

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

1. General Information

Leisure Time Sports Limited is a private company, limited by shares, incorporated in England & Wales, registered number SC256546 . The registered office is 52 Market Street, Haddington, East Lothian, EH41 3JG.

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.

Presentation Currency

The accounts are presented in £ sterling

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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Fixtures & Fittings	25% RB
Computer Equipment	25% RB

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2024	25,000

As at 30 September 2025	25,000

Amortisation
As at 1 October 2024	25,000

As at 30 September 2025	25,000

...CONTINUED

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Leisure Time Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	-

As at 1 October 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2024	12,924	2,188	15,112
Additions	675	-	675

As at 30 September 2025	13,599	2,188	15,787

Depreciation
As at 1 October 2024	11,648	964	12,612
Provided during the period	502	306	808

As at 30 September 2025	12,150	1,270	13,420

Net Book Value
As at 30 September 2025	1,449	918	2,367

As at 1 October 2024	1,276	1,224	2,500

6. Stocks

	2025	2024
	£	£
Stock	116,292	94,693

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,994	3,687
Prepayments and accrued income	160	-
VAT	2,765	1,503
Net wages	-	601
Director's loan account	1,241	-

	6,160	5,791

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Leisure Time Sports Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	43,103	38,964
Bank loans and overdrafts	11,359	3,940
Corporation tax	11,204	10,888
Other taxes and social security	1,904	1,627
Net wages	534	-
Director's loan account	1,346	1,742

	69,450	57,161

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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