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REGISTERED NUMBER: 02119852 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADVENTURE SPORTS (WARWICKSHIRE) LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: S J Richardson
M Hill





SECRETARY: Mrs C L Ellis





REGISTERED OFFICE: Wedgnock Rifle Range
Wedgnock Lane
Warwick
Warwickshire
CV35 7PX





REGISTERED NUMBER: 02119852 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 427,845 458,528

CURRENT ASSETS
Stocks 26,750 20,500
Debtors 5 108,228 81,544
Cash at bank and in hand 137,670 137,587
272,648 239,631
CREDITORS
Amounts falling due within one year 6 244,273 192,796
NET CURRENT ASSETS 28,375 46,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,220

505,363

CREDITORS
Amounts falling due after more than one
year

7

(89,358

)

(169,590

)

PROVISIONS FOR LIABILITIES (62,506 ) (68,059 )
NET ASSETS 304,356 267,714

CAPITAL AND RESERVES
Called up share capital 1,003 1,003
Revaluation reserve 8 117,445 244,078
Retained earnings 185,908 22,633
SHAREHOLDERS' FUNDS 304,356 267,714

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

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

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

BALANCE SHEET - continued
31 October 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 28 March 2024 and were signed on its behalf by:





S J Richardson - Director


ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Adventure Sports (Warwickshire) 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and Between 15% and 25% on cost

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 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.

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued

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 26 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 315,733 561,283 877,016
Additions - 78,643 78,643
Disposals - (26,200 ) (26,200 )
At 31 October 2023 315,733 613,726 929,459
DEPRECIATION
At 1 November 2022 169,598 248,890 418,488
Charge for year 5,203 97,123 102,326
Eliminated on disposal - (19,200 ) (19,200 )
At 31 October 2023 174,801 326,813 501,614
NET BOOK VALUE
At 31 October 2023 140,932 286,913 427,845
At 31 October 2022 146,135 312,393 458,528

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2011 233,408 - 233,408
Valuation in 2018 79,288 553,508 632,796
Valuation in 2019 7,427 (178,510 ) (171,083 )
Valuation in 2020 (4,390 ) (35,079 ) (39,469 )
Valuation in 2021 - 32,237 32,237
Valuation in 2022 - 189,127 189,127
Valuation in 2023 - 52,443 52,443
315,733 613,726 929,459

The revaluation was completed by the directors.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 November 2022
and 31 October 2023 154,552
DEPRECIATION
At 1 November 2022 18,106
Charge for year 38,638
At 31 October 2023 56,744
NET BOOK VALUE
At 31 October 2023 97,808
At 31 October 2022 136,446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,243 10,453
Other debtors 82,985 71,091
108,228 81,544

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,608 49,094
Hire purchase contracts 36,967 20,870
Trade creditors 49,804 41,765
Taxation and social security 76,001 37,338
Other creditors 36,893 43,729
244,273 192,796

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 44,480 87,744
Hire purchase contracts 44,878 81,846
89,358 169,590

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022 244,078
Fixed assets revaluation (126,633 )

At 31 October 2023 117,445

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
M Hill
Balance outstanding at start of year 610 21,854
Amounts advanced 5,000 9,138
Amounts repaid - (30,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,610 610

ADVENTURE SPORTS (WARWICKSHIRE) LIMITED (REGISTERED NUMBER: 02119852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S J Richardson
Balance outstanding at start of year 9,193 53,279
Amounts advanced 12,197 9,193
Amounts repaid (2,367 ) (53,279 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,023 9,193

During the year, the directors' current account was overdrawn, the maximum amount was £24,633 (2022: £89,411) and the year end balance was £24,633 (2022: £9,803).

10. RELATED PARTY DISCLOSURES

Personal Guarantee

S Richardson has personally secured £41,554 of the company loan facilities.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of S J Richardson (Director).