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REGISTERED NUMBER: SC253458 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 August 2023

for

Active Outdoor Pursuits Limited

Active Outdoor Pursuits Limited (Registered number: SC253458)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

Active Outdoor Pursuits Limited

Company Information
For The Year Ended 31 August 2023







DIRECTORS: R Gibson
Mrs S Gibson





SECRETARY: Mrs S Gibson





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Scotland
G32 8FH





REGISTERED NUMBER: SC253458 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Active Outdoor Pursuits Limited (Registered number: SC253458)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,300
Tangible assets 5 238,026 225,616
238,026 226,916

CURRENT ASSETS
Stocks 6 2,500 2,500
Debtors 7 142,783 101,847
Cash at bank 187,261 274,881
332,544 379,228
CREDITORS
Amounts falling due within one year 8 195,916 150,642
NET CURRENT ASSETS 136,628 228,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,654

455,502

CREDITORS
Amounts falling due after more than one
year

9

(36,878

)

(58,958

)

PROVISIONS FOR LIABILITIES 11 (28,623 ) (21,712 )
NET ASSETS 309,153 374,832

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 309,151 374,830
SHAREHOLDERS' FUNDS 309,153 374,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Active Outdoor Pursuits Limited (Registered number: SC253458)

Balance Sheet - continued
31 August 2023


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 20 November 2023 and were signed on its behalf by:





Mrs S Gibson - Director


Active Outdoor Pursuits Limited (Registered number: SC253458)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Active Outdoor Pursuits Limited 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 represents amounts receivable for goods and services supplied in the year net of VAT and trade discounts. Amounts received in advance are recognised as deferred income, and are included in other creditors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance
Computer equipment - 33% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each balance sheet date. The effects of any revision are recognised in profit or loss when the changes arise.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.


Active Outdoor Pursuits Limited (Registered number: SC253458)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

Active Outdoor Pursuits Limited (Registered number: SC253458)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 26,000
AMORTISATION
At 1 September 2022 24,700
Charge for year 1,300
At 31 August 2023 26,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 1,300

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2022 120,260 364,826 53,492
Additions - 61,187 1,040
Disposals - - -
At 31 August 2023 120,260 426,013 54,532
DEPRECIATION
At 1 September 2022 76,254 266,339 46,351
Charge for year 1,593 21,128 1,794
Eliminated on disposal - - -
At 31 August 2023 77,847 287,467 48,145
NET BOOK VALUE
At 31 August 2023 42,413 138,546 6,387
At 31 August 2022 44,006 98,487 7,141

Active Outdoor Pursuits Limited (Registered number: SC253458)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 148,765 12,939 700,282
Additions - 3,195 65,422
Disposals (25,560 ) - (25,560 )
At 31 August 2023 123,205 16,134 740,144
DEPRECIATION
At 1 September 2022 76,653 9,069 474,666
Charge for year 16,909 1,928 43,352
Eliminated on disposal (15,900 ) - (15,900 )
At 31 August 2023 77,662 10,997 502,118
NET BOOK VALUE
At 31 August 2023 45,543 5,137 238,026
At 31 August 2022 72,112 3,870 225,616

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 99,701
Disposals (25,560 )
Transfer to ownership (24,375 )
At 31 August 2023 49,766
DEPRECIATION
At 1 September 2022 36,247
Charge for year 14,745
Eliminated on disposal (15,901 )
Transfer to ownership (17,466 )
At 31 August 2023 17,625
NET BOOK VALUE
At 31 August 2023 32,141
At 31 August 2022 63,454

6. STOCKS
31.8.23 31.8.22
£    £   
Stocks 2,500 2,500

Active Outdoor Pursuits Limited (Registered number: SC253458)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 88,008 73,301
Other debtors 54,775 28,546
142,783 101,847

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,035 9,788
Hire purchase contracts and finance leases (see note 10)
12,014

42,871
Trade creditors 18,672 3,476
Taxation and social security 25,248 40,686
Other creditors 129,947 53,821
195,916 150,642

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 19,062 29,098
Hire purchase contracts and finance leases (see note 10)
17,816

29,860
36,878 58,958

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
31.8.23 31.8.22 31.8.23 31.8.22
£    £    £    £   
Net obligations repayable:
Within one year - 30,927 12,014 11,944
Between one and five years - - 17,816 29,860
- 30,927 29,830 41,804

11. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 28,623 21,712

Active Outdoor Pursuits Limited (Registered number: SC253458)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 21,712
Provided during year 6,911
Balance at 31 August 2023 28,623

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
R Gibson and Mrs S Gibson
Balance outstanding at start of year 6,777 4,809
Amounts advanced 176,357 146,236
Amounts repaid (182,817 ) (144,268 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 317 6,777

13. RELATED PARTY DISCLOSURES

The directors own the business premises personally and were paid £85,000 of rent in the year.

At the year end the directors are owed £317 from the company. The loan has no fixed repayment terms.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Active Outdoor Pursuits Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Active Outdoor Pursuits Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Active Outdoor Pursuits Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Active Outdoor Pursuits Limited and state those matters that we have agreed to state to the Board of Directors of Active Outdoor Pursuits Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Active Outdoor Pursuits Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Active Outdoor Pursuits Limited. You consider that Active Outdoor Pursuits Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Active Outdoor Pursuits Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


20 November 2023