Company Registration No. 10629802 (England and Wales)
CFG LEISURE LTD
Unaudited accounts
for the year ended 31 March 2022
CFG LEISURE LTD
Unaudited accounts
Contents
CFG LEISURE LTD
Company Information
for the year ended 31 March 2022
Company Number
10629802 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE
CROXLEY GREEN
RICKMANSWORTH
HERTS
WD3 3LT
UNITED KINGDOM
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
CFG LEISURE LTD
Statement of financial position
as at 31 March 2022
Tangible assets
210,462
177,657
Cash at bank and in hand
64,814
80,440
Creditors: amounts falling due within one year
(189,129)
(201,838)
Net current liabilities
(95,315)
(121,398)
Total assets less current liabilities
115,148
56,260
Creditors: amounts falling due after more than one year
(19,852)
(31,408)
Provisions for liabilities
Deferred tax
(27,243)
(18,213)
Called up share capital
100
100
Profit and loss account
67,953
6,539
Shareholders' funds
68,053
6,639
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 October 2022 and were signed on its behalf by
J Groom
Director
Company Registration No. 10629802
CFG LEISURE LTD
Notes to the Accounts
for the year ended 31 March 2022
CFG LEISURE LTD is a private company, limited by shares, registered in England and Wales, registration number 10629802. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods and services to customers, excluding
Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% straight line
Motor vehicles
25% reducing balance
Goodwill represents the excess of cost of acquisition over the fair value of the separable net
asset acquired. Goodwill is amortised through the profit and loss account in equal instalments over it's useful life at a rate of 25% per annum.
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
CFG LEISURE LTD
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2021
219,693
3,750
223,443
Additions
16,042
36,625
52,667
Disposals
-
(3,750)
(3,750)
At 31 March 2022
235,735
36,625
272,360
At 1 April 2021
42,786
3,000
45,786
Charge for the year
11,787
7,325
19,112
On disposals
-
(3,000)
(3,000)
At 31 March 2022
54,573
7,325
61,898
At 31 March 2022
181,162
29,300
210,462
At 31 March 2021
176,907
750
177,657
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,712
-
Obligations under finance leases and hire purchase contracts
12,091
19,548
Taxes and social security
4,742
-
Other creditors
1,156
3,612
Loans from directors
165,428
178,678
CFG LEISURE LTD
Notes to the Accounts
for the year ended 31 March 2022
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
3,464
5,408
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The company voted dividends of £10000 ( 2021-£10000) during the year to Mr J Groom who is a director and a shareholder.
11
Average number of employees
During the year the average number of employees was 3 (2021: 3).
