Quayside Leisure Limited - Accounts to registrar (filleted) - small 22.3
Quayside Leisure Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2022 |
FOR |
QUAYSIDE LEISURE LIMITED |
QUAYSIDE LEISURE LIMITED (REGISTERED NUMBER: 03772248) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
QUAYSIDE LEISURE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH APRIL 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
East Quay |
Kite Hill |
Wootton Bridge |
Isle of Wight |
PO33 4LA |
QUAYSIDE LEISURE LIMITED (REGISTERED NUMBER: 03772248) |
BALANCE SHEET |
30TH APRIL 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
QUAYSIDE LEISURE LIMITED (REGISTERED NUMBER: 03772248) |
BALANCE SHEET - continued |
30TH APRIL 2022 |
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 |
QUAYSIDE LEISURE LIMITED (REGISTERED NUMBER: 03772248) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2022 |
1. | STATUTORY INFORMATION |
Quayside Leisure Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of labour, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
QUAYSIDE LEISURE LIMITED (REGISTERED NUMBER: 03772248) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2022 |
3. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The Covid-19 Pandemic has had a significant effect on the ability of the company to trade. The company was in receipt of government support grants and has maintained good levels of reserves. |
Upon relaxation of the Government restrictions, the company has quickly returned to its previous level |
of turnover. |
We therefore believe that the business is in a good position and deem it appropriate to |
prepare the accounts on a going concern basis. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1st May 2021 |
and 30th April 2022 |
DEPRECIATION |
At 1st May 2021 |
and 30th April 2022 |
NET BOOK VALUE |
At 30th April 2022 |
At 30th April 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Other debtors |
QUAYSIDE LEISURE LIMITED (REGISTERED NUMBER: 03772248) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30th April 2022 and 30th April 2021: |
2022 | 2021 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
9. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £8,000 (2021 - £8,000) were paid to the directors . |
During the year, the company traded with the five unincorporated businesses, as well as one incorporated business, owned by the directors, on normal trading terms. At the year end, the company was owed £1,787,566 (2021 - £1,476,702). |
10. | POST BALANCE SHEET EVENTS |
After the Balance Sheet date, there continues to be global uncertainty as a result of Covid-19 pandemic. |
However, the with the relaxation of the Government restrictions, the company has now commenced to trade again. |
11. | ULTIMATE CONTROLLING PARTY |
A Gibbs and N Gibbs, together with close family, control the entire share capital of the company. |