Leisure Island (Scotland) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC354568 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

LEISURE ISLAND (SCOTLAND) LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Di Ciacca

H Smith

SECRETARY:

H Smith

REGISTERED OFFICE:

C/O Kean Jarman & Co.

27 Ingram Street

Glasgow

G1 1HA

REGISTERED NUMBER:

SC354568 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

91,189

101,882

CURRENT ASSETS

Debtors

5

4,797

5,698

Cash at bank and in hand

55,806

99,474

60,603

105,172

CREDITORS

Amounts falling due within one year

6

82,311

100,946

NET CURRENT (LIABILITIES)/ASSETS

(21,708

)

4,226

TOTAL ASSETS LESS CURRENT
LIABILITIES

69,481

106,108

CREDITORS

Amounts falling due after more than one year

7

(880

)

(12,390

)

PROVISIONS FOR LIABILITIES

(15,837

)

(16,657

)

NET ASSETS

52,764

77,061

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

52,664

76,961

SHAREHOLDERS' FUNDS

52,764

77,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

R Di Ciacca - Director

H Smith - Director

1.	STATUTORY INFORMATION

Leisure Island (Scotland) Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

COST

At 1 March 2025

11,476

560,212

1,635

573,323

Additions

-

5,400

-

5,400

At 28 February 2026

11,476

565,612

1,635

578,723

DEPRECIATION

At 1 March 2025

11,476

458,781

1,184

471,441

Charge for year

-

16,025

68

16,093

At 28 February 2026

11,476

474,806

1,252

487,534

NET BOOK VALUE

At 28 February 2026

-

90,806

383

91,189

At 28 February 2025

-

101,431

451

101,882

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Prepayments and accrued income

4,797

5,698

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Bank loans and overdrafts

10,468

10,048

Social security and other taxes

2,323

2,750

Other creditors

-

469

Directors' current accounts

60,000

64,000

Accrued expenses

9,520

23,679

82,311

100,946

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.26

28.2.25

£

Bank loans - 1-2 years

880

10,048

Bank loans - 2-5 years

-

2,342

880

12,390

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28.2.26

28.2.25

£

Within one year

126,000

Between one and five years

504,000

In more than five years

504,000

630,000

1,134,000

1,260,000

9.	RELATED PARTY DISCLOSURES

The directors of the company were owed £60,000 (2025-£64,000) at the year end. £64,000 was the maximum amount outstanding during the year.