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REGISTERED NUMBER: 02932936 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

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 2024










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 2024







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: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

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

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 59,916 18,443

Current assets
Stocks 802,758 953,989
Debtors 6 15,664 35,965
Cash at bank 3,341 26,862
821,763 1,016,816
Creditors
Amounts falling due within one year 7 488,388 557,493
Net current assets 333,375 459,323
Total assets less current liabilities 393,291 477,766

Creditors
Amounts falling due after more than one
year

8

233,185

240,586
Net assets 160,106 237,180

Capital and reserves
Called up share capital 10 100 100
Retained earnings 160,006 237,080
Shareholders' funds 160,106 237,180

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 27 February 2025 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 2024


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 2024 although the company had net assets the company is 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 2024


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 19 (2023 - 20 ) .

5. Tangible fixed assets
Fixtures
Computer Plant and and Motor
Equipment machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 June 2023 4,559 55,370 94,921 72,159 227,009
Additions 1,650 - 3,424 45,075 50,149
Disposals - - - (44,952 ) (44,952 )
At 31 May 2024 6,209 55,370 98,345 72,282 232,206
Depreciation
At 1 June 2023 1,873 55,370 79,164 72,159 208,566
Charge for year 1,552 - 6,185 939 8,676
Eliminated on disposal - - - (44,952 ) (44,952 )
At 31 May 2024 3,425 55,370 85,349 28,146 172,290
Net book value
At 31 May 2024 2,784 - 12,996 44,136 59,916
At 31 May 2023 2,686 - 15,757 - 18,443

Included in fixed assets are assets held under hire purchase or lease purchase agreements. The net book value of theses assets is £44,136 (2023 - £nil) with depreciation to date of £939 (2024 - £nil).

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

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,683 25,051
Other debtors 10,981 10,914
15,664 35,965

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 46,174 43,626
Hire purchase contracts 9,068 -
Trade creditors 132,264 171,515
Taxation and social security 27,839 55,928
Other creditors 273,043 286,424
488,388 557,493

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 91,329 135,002
Hire purchase contracts 36,272 -
Other creditors 105,584 105,584
233,185 240,586

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 135,503 178,628
Hire purchase contracts 45,340 -
180,843 178,628

The company's bankers hold fixed and floating charge over all the property 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 2024 2023
value: £    £   
100 Ordinary £1 100 100