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REGISTERED NUMBER: 06288923 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OUTSIDE SPORT LIMITED

OUTSIDE SPORT LIMITED (REGISTERED NUMBER: 06288923)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OUTSIDE SPORT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: A C Clarke





SECRETARY: A C Clarke





REGISTERED OFFICE: Wigan Hall
New Market Street
Wigan
Greater Manchester
WN1 1HH





REGISTERED NUMBER: 06288923 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

OUTSIDE SPORT LIMITED (REGISTERED NUMBER: 06288923)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,900 14,455

CURRENT ASSETS
Debtors 5 301,482 308,808
Cash at bank 12,338 16,622
313,820 325,430
CREDITORS
Amounts falling due within one year 6 291,895 270,161
NET CURRENT ASSETS 21,925 55,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,825

69,724

PROVISIONS FOR LIABILITIES 2,975 3,614
NET ASSETS 30,850 66,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,750 66,010
SHAREHOLDERS' FUNDS 30,850 66,110

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

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

OUTSIDE SPORT LIMITED (REGISTERED NUMBER: 06288923)

STATEMENT OF FINANCIAL POSITION - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





A C Clarke - Director


OUTSIDE SPORT LIMITED (REGISTERED NUMBER: 06288923)

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

1. STATUTORY INFORMATION

Outside Sport 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.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. the financial statements have been prepared under the historical cost convention.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is recognised at the fair value of the consideration receivable for services provided and is shown net of VAT.

Turnover is recognised in accordance with the period that the customer has subscribed for.

Tangible fixed assets
Tangible fixed assets are stated cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc. - 33.3% on cost and 15% reducing balance.

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, trade creditors and accruals.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade debtors trade creditors and accruals, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

OUTSIDE SPORT LIMITED (REGISTERED NUMBER: 06288923)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 31,040
DEPRECIATION
At 1 January 2023 16,585
Charge for year 2,555
At 31 December 2023 19,140
NET BOOK VALUE
At 31 December 2023 11,900
At 31 December 2022 14,455

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 234,389 252,300
Other debtors 67,093 56,508
301,482 308,808

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,770 5,639
Taxation and social security 56,914 65,242
Other creditors 228,211 199,280
291,895 270,161

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A C Clarke
Balance outstanding at start of year - -
Amounts advanced 4,059 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,059 -

The amounts advanced are unsecured, no interest has been charged and have been repaid to the company within nine months of the reporting date.

OUTSIDE SPORT LIMITED (REGISTERED NUMBER: 06288923)

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

8. RELATED PARTY DISCLOSURES

Healthworks (North West) Limited
A company registered in England and Wales under common control

During the year the company charged Healthworks (North West) Limited £9,250 (2022: £7,976) in respect of management fees.

During the year the company paid Healthworks (North West) Limited £3,850 (2022: £1,200) in respect of management fees.

Included in debtors is £7,748 (2022: £5,873) due from Healthworks (North West) Limited.

Included in creditors is £4,620 (2022: £NIL) owed to Healthworks (North West) Limited.

9. POST BALANCE SHEET EVENTS

Since the reporting date dividends of £102,145 have been declared.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A C Clarke.