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Registered number: 07932340
School Outdoor Learning Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Hargreaves & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07932340
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,312 25,520
19,312 25,520
CURRENT ASSETS
Debtors 5 126,836 243,330
Cash at bank and in hand 129,466 273,351
256,302 516,681
Creditors: Amounts Falling Due Within One Year 6 (240,525 ) (435,156 )
NET CURRENT ASSETS (LIABILITIES) 15,777 81,525
TOTAL ASSETS LESS CURRENT LIABILITIES 35,089 107,045
Creditors: Amounts Falling Due After More Than One Year 7 (12,500 ) (22,500 )
NET ASSETS 22,589 84,545
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 22,587 84,543
SHAREHOLDERS' FUNDS 22,589 84,545
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Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A k Carley
Director
29 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
School Outdoor Learning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07932340 . The registered office is The Charmwood Centre Southampton Road, Bartley, Southampton, Hampshire, SO40 2NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% RBM
Computer Equipment 50% SLM & 25% RBM
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 27,508 2,480 29,988
Additions - 442 442
As at 28 February 2024 27,508 2,922 30,430
Depreciation
As at 1 March 2023 4,261 207 4,468
Provided during the period 5,812 838 6,650
As at 28 February 2024 10,073 1,045 11,118
Net Book Value
As at 28 February 2024 17,435 1,877 19,312
As at 1 March 2023 23,247 2,273 25,520
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,916 118,044
Other debtors 27,561 27,561
Directors' loan accounts 14,724 97,725
Amounts owed by group undertakings 9,635 -
126,836 243,330
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,305 -
Bank loans and overdrafts 10,000 10,000
Corporation tax (3,320 ) 62,801
VAT 189,028 289,856
Other creditors - 40,000
Proposed dividend - 30,000
Accruals and deferred income 2,998 2,023
Directors' loan accounts 514 476
240,525 435,156
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,500 22,500
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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