LEISUREMATIC LIMITED


Directors	BARKER, Aileen
	BARKER, Jonathan
	HOLLAND, Sally
	HOLLAND, Stephen


Company Secretary	HOLLAND, Stephen


Registered Address	James Watson House Montgomery Way
	Rosehill Industrial Estate
	Carlisle
	CA1 2UU


Registered Number	05847134 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or 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.

Turnover policy

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/or 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.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation.

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Vehicles	-	4
Office Equipment	-	5

	Finance leases and hire purchase contracts
	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term. Where the company is a lessor rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Where the company is a lessor rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	11		11

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 July 25	6,300	6,300
At 30 June 26	6,300	6,300
Amortisation and impairment
At 01 July 25	6,300	6,300
At 30 June 26	6,300	6,300
Net book value
At 30 June 26	-	-
At 30 June 25	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 July 25	3,028,741	179,568	4,070	3,212,379
Additions	580,790	36,634	-	617,424
Disposals	(102,235)	(16,900)	-	(119,135)
At 30 June 26	3,507,296	199,302	4,070	3,710,668
Depreciation and impairment
At 01 July 25	1,486,100	91,351	2,478	1,579,929
Charge for year	307,479	38,940	337	346,756
On disposals	(73,946)	(1,408)	-	(75,354)
At 30 June 26	1,719,633	128,883	2,815	1,851,331
Net book value
At 30 June 26	1,787,663	70,419	1,255	1,859,337
At 30 June 25	1,542,641	88,217	1,592	1,632,450

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	181,801	194,125
Other debtors	5,690	4,090
Prepayments and accrued income	209	210
Total	187,700	198,425

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	290,610	333,868
Bank borrowings and overdrafts	8,750	44,333
Taxation and social security	94,163	88,580
Finance lease and HP contracts	26,077	31,397
Other creditors	13,857	32,327
Accrued liabilities and deferred income	1,703	1,987
Total	435,160	532,492

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	8,750
Other creditors	18,804	29,597
Total	18,804	38,347


	Included within other creditors is £18,804 (2025: £29,597) relating to amounts due on Finance lease and HP contracts. Finance lease and HP contracts are secured on the assets to which they relate.

8.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	44,881		60,994

9.	Provisions for liabilities
	The provision for deferred tax arises from the accelerated capital allowances on tangible fixed assets.

	2026	2025
	£	£
Net deferred tax liability (asset)	464,000	408,000
Total	464,000	408,000

10.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,157 (2025 - £1,123) were due to the fund. They are included in other creditors.

11.	Other commitments
	At 30 June 2026 the company had future minimum lease payments under non-cancellable operating leases of £79,335 (2025: £7,800).

12.	Directors advances, credits and guarantees
	At 1 July 2025 the company owed a director £18,171. At 30 June 2026 the company owes the director £56. The loan is interest free, unsecured and repayable on demand. At 1 July 2025 the company owed a director £797. At 30 June 2026 the company owed the director £10,409. The loan is interest free, unsecured and repayable on demand. At 1 July 2025 the company owed a director £992. At 30 June 2026 the company owed the director £992. The loan is interest free, unsecured and repayable on demand. At 1 July 2025 the company owed a director £11,242. At 30 June 2026 the company owed the director £1,242. The loan is interest free, unsecured and repayable on demand.

12.

Directors advances, credits and guarantees

At 1 July 2025 the company owed a director £18,171. At 30 June 2026 the company owes the director £56. The loan is interest free, unsecured and repayable on demand.

At 1 July 2025 the company owed a director £797. At 30 June 2026 the company owed the director £10,409. The loan is interest free, unsecured and repayable on demand.

At 1 July 2025 the company owed a director £992. At 30 June 2026 the company owed the director £992. The loan is interest free, unsecured and repayable on demand.

At 1 July 2025 the company owed a director £11,242. At 30 June 2026 the company owed the director £1,242. The loan is interest free, unsecured and repayable on demand.

13.	Related party transactions
	During the current and previous year the company operated from a property owned personally by two of the directors rent free.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		1,859,337		1,632,450
			1,859,337		1,632,450
Current assets
Debtors	5	187,700		198,425
Cash at bank and on hand		117,949		83,979
		305,649		282,404
Creditors amounts falling due within one year	6	(435,160)		(532,492)
Net current assets (liabilities)			(129,511)		(250,088)
Total assets less current liabilities			1,729,826		1,382,362
Creditors amounts falling due after one year	7		(18,804)		(38,347)
Provisions for liabilities	9		(464,000)		(408,000)
Net assets			1,247,022		936,015
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,246,922		935,915
Shareholders' funds			1,247,022		936,015