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Registered Number: 12730642
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 April 2023

for

OUTDOOR FITNESS CONCEPTS LTD

Directors Mr S K Perrins
Mrs D Perrins
Registered Number 12730642
Registered Office 5 Sandy Court
Ashleigh Way
Plymouth
Devon
PL7 5JX
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 April 2023.
Principal activities
The principal activity of the company in the year under review was that of the sale of fitness equipment.
Directors
The directors who have held office during the whole of the year were as follows:
Mr S K Perrins
Mrs D Perrins
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr S K Perrins
Director

Date approved: 28 November 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 7,920    7,474 
7,920    7,474 
Current assets      
Debtors 4 41,411    45,673 
Cash at bank and in hand 70,750    63,719 
112,161    109,392 
Creditors: amount falling due within one year 5 (30,108)   (35,813)
Net current assets 82,053    73,579 
 
Total assets less current liabilities 89,973    81,053 
Provisions for liabilities 6 (1,505)   (1,420)
Net assets 88,468    79,633 
 

Capital and reserves
     
Called up share capital 147    147 
Share premium account 7 126,953    126,953 
Profit and loss account (38,632)   (47,467)
Shareholder's funds 88,468    79,633 
 


For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 November 2023 and were signed on its behalf by:


-------------------------------
Mr S K Perrins
Director
3
General Information
Outdoor Fitness Concepts Ltd is a private company, limited by shares, registered in England and Wales, registration number 12730642, registration address 5 Sandy Court , Ashleigh Way, Plymouth, Devon, PL7 5JX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery 25%
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 May 2022 10,300    10,300 
Additions 3,886    3,886 
Disposals  
At 30 April 2023 14,186    14,186 
Depreciation
At 01 May 2022 2,826    2,826 
Charge for year 3,440    3,440 
On disposals  
At 30 April 2023 6,266    6,266 
Net book values
Closing balance as at 30 April 2023 7,920    7,920 
Opening balance as at 01 May 2022 7,474    7,474 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 27,548    45,673 
Other Debtors 13,863   
41,411    45,673 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 17,817    16,785 
Taxation and Social Security 10,183    11,566 
Other Creditors 2,108    7,462 
30,108    35,813 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 1,505    1,420 
1,505    1,420 

7.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 126,953   
Equity Share Premium - New Issue   126,953 
126,953    126,953 

8.

Ultimate Controlling Party

The Ultimate controlling party is Mr S K Perrins.
4