Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 07387210 Mr Marc Bassett Mr Richard Lewis Mr Richard Lewis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07387210 2024-02-29 07387210 2025-02-28 07387210 2024-03-01 2025-02-28 07387210 frs-core:CurrentFinancialInstruments 2025-02-28 07387210 frs-core:ComputerEquipment 2025-02-28 07387210 frs-core:ComputerEquipment 2024-03-01 2025-02-28 07387210 frs-core:ComputerEquipment 2024-02-29 07387210 frs-core:FurnitureFittings 2025-02-28 07387210 frs-core:FurnitureFittings 2024-03-01 2025-02-28 07387210 frs-core:FurnitureFittings 2024-02-29 07387210 frs-core:NetGoodwill 2025-02-28 07387210 frs-core:NetGoodwill 2024-03-01 2025-02-28 07387210 frs-core:NetGoodwill 2024-02-29 07387210 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 07387210 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-02-28 07387210 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 07387210 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 07387210 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 07387210 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 07387210 frs-core:MotorVehicles 2025-02-28 07387210 frs-core:MotorVehicles 2024-03-01 2025-02-28 07387210 frs-core:MotorVehicles 2024-02-29 07387210 frs-core:PlantMachinery 2025-02-28 07387210 frs-core:PlantMachinery 2024-03-01 2025-02-28 07387210 frs-core:PlantMachinery 2024-02-29 07387210 frs-core:ShareCapital 2025-02-28 07387210 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07387210 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07387210 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 07387210 frs-bus:SmallEntities 2024-03-01 2025-02-28 07387210 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07387210 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07387210 frs-bus:Director1 2024-03-01 2025-02-28 07387210 frs-bus:Director1 2024-02-29 07387210 frs-bus:Director1 2025-02-28 07387210 frs-bus:Director2 2024-03-01 2025-02-28 07387210 frs-bus:Director2 2024-02-29 07387210 frs-bus:Director2 2025-02-28 07387210 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 07387210 frs-countries:EnglandWales 2024-03-01 2025-02-28 07387210 2023-02-28 07387210 2024-02-29 07387210 2023-03-01 2024-02-29 07387210 frs-core:CurrentFinancialInstruments 2024-02-29 07387210 frs-core:ShareCapital 2024-02-29 07387210 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 07387210
Great Outdoors Superstore Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Unity Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07387210
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 335,575 335,125
335,575 335,125
CURRENT ASSETS
Stocks 6 166,017 141,816
Debtors 7 10,338 30,623
Cash at bank and in hand 23,111 7,602
199,466 180,041
Creditors: Amounts Falling Due Within One Year 8 (209,473 ) (217,720 )
NET CURRENT ASSETS (LIABILITIES) (10,007 ) (37,679 )
TOTAL ASSETS LESS CURRENT LIABILITIES 325,568 297,446
NET ASSETS 325,568 297,446
CAPITAL AND RESERVES
Called up share capital 9 67,000 67,000
Profit and Loss Account 258,568 230,446
SHAREHOLDERS' FUNDS 325,568 297,446
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Page 2
For the year ending 28 February 2025 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 Marc Bassett
Director
Mr Richard Lewis
Director
08/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Great Outdoors Superstore Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07387210 . The registered office is 80 Station Road, Llanelli, Carmarthenshire, SA15 1AN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Freehold Not depreciated
Leasehold Not depreciated
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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: 9 (2024: 8)
9 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 67,000
As at 28 February 2025 67,000
Amortisation
As at 1 March 2024 67,000
As at 28 February 2025 67,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
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5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost or Valuation
As at 1 March 2024 29,583 297,572 1,271 20,760
Revaluation - 2,043 - -
As at 28 February 2025 29,583 299,615 1,271 20,760
Depreciation
As at 1 March 2024 - - 1,134 18,533
Provided during the period - - 27 446
As at 28 February 2025 - - 1,161 18,979
Net Book Value
As at 28 February 2025 29,583 299,615 110 1,781
As at 1 March 2024 29,583 297,572 137 2,227
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 March 2024 12,480 15,554 377,220
Revaluation - - 2,043
As at 28 February 2025 12,480 15,554 379,263
Depreciation
As at 1 March 2024 9,693 12,735 42,095
Provided during the period 557 563 1,593
As at 28 February 2025 10,250 13,298 43,688
Net Book Value
As at 28 February 2025 2,230 2,256 335,575
As at 1 March 2024 2,787 2,819 335,125
6. Stocks
2025 2024
£ £
Materials 166,017 141,816
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7. Debtors
2025 2024
£ £
Due within one year
Other debtors 10,338 30,623
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 146,046 133,685
Bank loans and overdrafts 15,886 61,045
Other creditors 21,925 15,085
Taxation and social security 25,616 7,905
209,473 217,720
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 67,000 67,000
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Marc Bassett 4,281 - - - 4,680
Mr Richard Lewis 5,259 - - - 5,657
The above loan is unsecured, interest free and repayable on demand.
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