Cosmic Leisure Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12272174

COSMIC LEISURE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 October 2025

COSMIC LEISURE LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		3,971		5,294

CURRENT ASSETS

Stocks		301,011	453,000
Debtors	6	564,740	608,249
Cash at bank and in hand		202,922	17,308
		------------	------------
		1,068,673	1,078,557

CREDITORS: amounts falling due within one year	7	( 889,051)		( 1,027,870)
		------------		------------
NET CURRENT ASSETS			179,622		50,687
			---------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			183,593		55,981

CREDITORS: amounts falling due after more than one year	8		–		( 25,463)

PROVISIONS	( 993)	( 1,228)
	---------	--------
NET ASSETS	182,600	29,290
	---------	--------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	182,598	29,288
	---------	--------
SHAREHOLDERS FUNDS	182,600	29,290
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

COSMIC LEISURE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 27 July 2026 , and are signed on behalf of the board by:

H Manton	M P Austin
Director	Director

Company registration number: 12272174

COSMIC LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. TANGIBLE ASSETS

	Plant and machinery
	£
Cost
At 1 November 2024 and 31 October 2025	14,450
	--------
Depreciation
At 1 November 2024	9,156
Charge for the year	1,323
	--------
At 31 October 2025	10,479
	--------
Carrying amount
At 31 October 2025	3,971
	--------
At 31 October 2024	5,294
	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	508,118	551,345
Other debtors	56,622	56,904
	---------	---------
	564,740	608,249
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	5,556
Trade creditors	297,134	284,011
Amounts owed to group undertakings and undertakings in which the company has a participating interest	417,810	476,705
Corporation tax	14,946	25,628
Social security and other taxes	101,882	169,464
Other creditors	53,384	62,384
Other creditors	3,895	4,122
	---------	------------
	889,051	1,027,870
	---------	------------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	25,463
	----	--------