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REGISTERED NUMBER: 02932936 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

ACTIVE WEAR & OUTDOOR LEISURE LIMITED

ACTIVE WEAR & OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 02932936)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACTIVE WEAR & OUTDOOR LEISURE LIMITED

Company Information
for the Year Ended 31 May 2023







Director: T J Bartlett





Secretary: S R Bartlett





Registered office: 1-2 Rosslyn Parade
Uxbridge Road
Hillingdon
Middlesex
UB10 0NP





Registered number: 02932936 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

ACTIVE WEAR & OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 02932936)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 18,443 19,136

Current assets
Stocks 953,989 952,893
Debtors 6 35,965 22,184
Cash at bank 26,862 247,753
1,016,816 1,222,830
Creditors
Amounts falling due within one year 7 557,493 529,082
Net current assets 459,323 693,748
Total assets less current liabilities 477,766 712,884

Creditors
Amounts falling due after more than one
year

8

240,586

280,143
Net assets 237,180 432,741

Capital and reserves
Called up share capital 10 100 100
Retained earnings 237,080 432,641
Shareholders' funds 237,180 432,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2024 and were signed by:




T J Bartlett - Director


ACTIVE WEAR & OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 02932936)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. Statutory information

Active Wear & Outdoor Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
As at 31 May 2023 the company had net assets of £237,180 and will continue to trade for the next 12 months. The company is also dependent on the continued support of the director and related parties who have confirmed their commitment to continue to provide the necessary support as long as the company needs it.

On this basis the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that might be necessary if the director, related parties and stakeholders were unable to provide support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% straight line
Fixtures and fittings - 12.5% straight line
Motor vehicles - 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


ACTIVE WEAR & OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 02932936)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


3. Accounting policies - continued
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.

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.

Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

4. Employees and directors

The average number of employees during the year was 20 (2022 - 16 ) .

5. Tangible fixed assets
Fixtures
Computer Plant and and Motor
Equip machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 June 2022 2,931 55,370 88,929 72,159 219,389
Additions 1,628 - 5,992 - 7,620
At 31 May 2023 4,559 55,370 94,921 72,159 227,009
Depreciation
At 1 June 2022 733 55,058 72,303 72,159 200,253
Charge for year 1,140 312 6,861 - 8,313
At 31 May 2023 1,873 55,370 79,164 72,159 208,566
Net book value
At 31 May 2023 2,686 - 15,757 - 18,443
At 31 May 2022 2,198 312 16,626 - 19,136

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 25,051 2,946
Other debtors 10,914 19,238
35,965 22,184

ACTIVE WEAR & OUTDOOR LEISURE LIMITED (REGISTERED NUMBER: 02932936)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,293 10,293
Hire purchase contracts - 4,850
Trade creditors 171,515 136,689
Taxation and social security 55,928 52,863
Other creditors 319,757 324,387
557,493 529,082

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 24,771 35,670
Other creditors 215,815 244,473
240,586 280,143

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 35,064 45,963
Hire purchase contracts - 4,850
35,064 50,813

Bank loans are secured against the future receivables of the company.

Hire purchase contracts are secured against the asset to which they relate.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100