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REGISTERED NUMBER: 13776356 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OUTDOOR ALTERNATIVE LTD

OUTDOOR ALTERNATIVE LTD (REGISTERED NUMBER: 13776356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


OUTDOOR ALTERNATIVE LTD (REGISTERED NUMBER: 13776356)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 359,725 298,203

CURRENT ASSETS
Stocks 200 200
Debtors 5 42,500 25,872
Cash at bank and in hand 61,854 110,916
104,554 136,988
CREDITORS
Amounts falling due within one year 6 146,779 130,043
NET CURRENT (LIABILITIES)/ASSETS (42,225 ) 6,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,500

305,148

CREDITORS
Amounts falling due after more than one
year

7

(208,089

)

(209,453

)

PROVISIONS FOR LIABILITIES (20,728 ) (8,366 )
NET ASSETS 88,683 87,329

CAPITAL AND RESERVES
Called up share capital 24 24
Retained earnings 88,659 87,305
88,683 87,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

OUTDOOR ALTERNATIVE LTD (REGISTERED NUMBER: 13776356)

BALANCE SHEET - continued
31 MARCH 2024


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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mrs J A Short - Director


OUTDOOR ALTERNATIVE LTD (REGISTERED NUMBER: 13776356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Outdoor Alternative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13776356

Registered office: Cerrig Yr Adar
Rhoscolyn
Holyhead
Gwynedd
LL65 2NQ

The presentation currency of the financial statements is the Pound Sterling (£).


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 accommodation income net of 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.
Plant and machinery etc - 25% on cost and 20% on reducing balance

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, 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.

OUTDOOR ALTERNATIVE LTD (REGISTERED NUMBER: 13776356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 264,738 42,200 306,938
Additions 12,075 71,050 83,125
Disposals - (3,154 ) (3,154 )
At 31 March 2024 276,813 110,096 386,909
DEPRECIATION
At 1 April 2023 - 8,735 8,735
Charge for year - 21,078 21,078
Eliminated on disposal - (2,629 ) (2,629 )
At 31 March 2024 - 27,184 27,184
NET BOOK VALUE
At 31 March 2024 276,813 82,912 359,725
At 31 March 2023 264,738 33,465 298,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,471 22,352
Other debtors 13,029 3,520
42,500 25,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,710 767
Taxation and social security 16,051 31,851
Other creditors 129,018 97,425
146,779 130,043

OUTDOOR ALTERNATIVE LTD (REGISTERED NUMBER: 13776356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 208,089 209,453

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 100,000 100,000
Other loans 108,089 109,453
208,089 209,453