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REGISTERED NUMBER: 05589960 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ON FOOT LIMITED

ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ON FOOT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S J C Scutt
Mrs H R Scutt
Miss S Scutt
Mrs D J Rigg
Mrs F Newland
Ms M E Goldsmith





SECRETARY: Mrs H R Scutt





REGISTERED OFFICE: Stradbroke Cottage
Homington Road
Coombe Bissett
Salisbury
SP5 4LY





REGISTERED NUMBER: 05589960 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,321 36,036
Tangible assets 5 16,270 19,971
Investments 6 231,472 -
275,063 56,007

CURRENT ASSETS
Debtors 7 107,802 21,298
Cash at bank and in hand 1,408,206 1,440,224
1,516,008 1,461,522
CREDITORS
Amounts falling due within one year 8 369,116 323,663
NET CURRENT ASSETS 1,146,892 1,137,859
TOTAL ASSETS LESS CURRENT LIABILITIES 1,421,955 1,193,866

CREDITORS
Amounts falling due after more than one
year

9

-

(129

)

PROVISIONS FOR LIABILITIES (4,031 ) (4,457 )
NET ASSETS 1,417,924 1,189,280

CAPITAL AND RESERVES
Called up share capital 10 30,600 30,600
Share premium 11 1,390 1,390
Capital redemption reserve 11 2,500 2,500
Retained earnings 11 1,383,434 1,154,790
SHAREHOLDERS' FUNDS 1,417,924 1,189,280

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

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

ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





S J C Scutt - Director


ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

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


1. STATUTORY INFORMATION

On Foot 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

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


2. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 54,054
Additions 13,955
At 31 October 2024 68,009
AMORTISATION
At 1 November 2023 18,018
Charge for year 22,670
At 31 October 2024 40,688
NET BOOK VALUE
At 31 October 2024 27,321
At 31 October 2023 36,036

5. TANGIBLE FIXED ASSETS
Equipment
etc.
£   
COST
At 1 November 2023 87,051
Additions 4,855
At 31 October 2024 91,906
DEPRECIATION
At 1 November 2023 67,080
Charge for year 8,556
At 31 October 2024 75,636
NET BOOK VALUE
At 31 October 2024 16,270
At 31 October 2023 19,971

ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

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


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 231,472
At 31 October 2024 231,472
NET BOOK VALUE
At 31 October 2024 231,472

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,400 3,387
Other debtors 38,157 17,911
40,557 21,298

Amounts falling due after more than one year:
Other debtors 67,245 -

Aggregate amounts 107,802 21,298

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 112,664 133,125
Other creditors 256,452 190,538
369,116 323,663

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 129

ON FOOT LIMITED (REGISTERED NUMBER: 05589960)

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


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
22,500 Ordinary £1 22,500 22,500
100 Ordinary A £1 100 100
8,000 Redeemable Ordinary B £1 8,000 8,000
30,600 30,600

11. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 November 2023 1,154,790 1,390 2,500 1,158,680
Profit for the year 287,644 287,644
Dividends (59,000 ) (59,000 )
At 31 October 2024 1,383,434 1,390 2,500 1,387,324

12. RELATED PARTY DISCLOSURES

Included in creditors due after one year was an amount of £nil (2023 - £129) owed to the directors.