Silverfin false false 31/08/2024 01/09/2023 31/08/2024 C M Y Beviss 20/04/2021 J C Beviss 20/04/2021 J J Mcveigh 20/04/2021 J I Watt 20/04/2021 04 March 2025 The principal activity of the company during the financial period was that of a provider of outdoor educational activities. 13345924 2024-08-31 13345924 bus:Director1 2024-08-31 13345924 bus:Director2 2024-08-31 13345924 bus:Director3 2024-08-31 13345924 bus:Director4 2024-08-31 13345924 2023-08-31 13345924 core:CurrentFinancialInstruments 2024-08-31 13345924 core:CurrentFinancialInstruments 2023-08-31 13345924 core:ShareCapital 2024-08-31 13345924 core:ShareCapital 2023-08-31 13345924 core:RetainedEarningsAccumulatedLosses 2024-08-31 13345924 core:RetainedEarningsAccumulatedLosses 2023-08-31 13345924 core:LeaseholdImprovements 2023-08-31 13345924 core:PlantMachinery 2023-08-31 13345924 core:OfficeEquipment 2023-08-31 13345924 core:ComputerEquipment 2023-08-31 13345924 core:LeaseholdImprovements 2024-08-31 13345924 core:PlantMachinery 2024-08-31 13345924 core:OfficeEquipment 2024-08-31 13345924 core:ComputerEquipment 2024-08-31 13345924 2023-09-01 2024-08-31 13345924 bus:FilletedAccounts 2023-09-01 2024-08-31 13345924 bus:SmallEntities 2023-09-01 2024-08-31 13345924 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13345924 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13345924 bus:Director1 2023-09-01 2024-08-31 13345924 bus:Director2 2023-09-01 2024-08-31 13345924 bus:Director3 2023-09-01 2024-08-31 13345924 bus:Director4 2023-09-01 2024-08-31 13345924 core:LeaseholdImprovements core:TopRangeValue 2023-09-01 2024-08-31 13345924 core:PlantMachinery 2023-09-01 2024-08-31 13345924 core:OfficeEquipment 2023-09-01 2024-08-31 13345924 core:ComputerEquipment 2023-09-01 2024-08-31 13345924 2022-09-01 2023-08-31 13345924 core:LeaseholdImprovements 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 13345924 (England and Wales)

QUANTOCK OUTDOOR EDUCATION LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

QUANTOCK OUTDOOR EDUCATION LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

QUANTOCK OUTDOOR EDUCATION LIMITED

BALANCE SHEET

As at 31 August 2024
QUANTOCK OUTDOOR EDUCATION LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 81,460 8,903
81,460 8,903
Current assets
Debtors 4 242,811 86,978
Cash at bank and in hand 14,066 34,560
256,877 121,538
Creditors: amounts falling due within one year 5 ( 328,741) ( 24,906)
Net current (liabilities)/assets (71,864) 96,632
Total assets less current liabilities 9,596 105,535
Provision for liabilities ( 5,856) ( 2,226)
Net assets 3,740 103,309
Capital and reserves
Called-up share capital 1 1
Profit and loss account 3,739 103,308
Total shareholder's funds 3,740 103,309

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Quantock Outdoor Education Limited (registered number: 13345924) were approved and authorised for issue by the Board of Directors on 04 March 2025. They were signed on its behalf by:

J C Beviss
Director
QUANTOCK OUTDOOR EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
QUANTOCK OUTDOOR EDUCATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Quantock Outdoor Education Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Prockters Farm Offices, West Monkton, Taunton, TA2 8QN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 15 years straight line
Plant and machinery 15 % reducing balance
Office equipment 33 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 September 2023 0 8,340 666 2,358 11,364
Additions 59,572 18,290 0 0 77,862
At 31 August 2024 59,572 26,630 666 2,358 89,226
Accumulated depreciation
At 01 September 2023 0 1,114 280 1,067 2,461
Charge for the financial year 2,204 2,542 129 430 5,305
At 31 August 2024 2,204 3,656 409 1,497 7,766
Net book value
At 31 August 2024 57,368 22,974 257 861 81,460
At 31 August 2023 0 7,226 386 1,291 8,903

4. Debtors

2024 2023
£ £
Trade debtors 237,120 32,671
Amounts owed by Group undertakings 3,820 53,687
Other debtors 1,871 620
242,811 86,978

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,688 0
Amounts owed to Group undertakings 53,601 163
Taxation and social security 269,564 21,959
Other creditors 2,888 2,784
328,741 24,906

6. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 60,000 60,000