REGISTERED NUMBER: 04695166 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PURELY OUTDOORS U.K. LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Wainwright

M Wainwright

C Wainwright

SECRETARY:

Mrs S Wainwright

REGISTERED OFFICE:

Units 4 - 7 Holman Way

Nuneaton

Warwickshire

CV11 4PN

REGISTERED NUMBER:

04695166 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

480,993

562,162

480,993

562,162

CURRENT ASSETS

Stocks

695,907

546,507

Debtors

529,440

394,274

Cash at bank and in hand

1,055,996

927,157

2,281,343

1,867,938

CREDITORS

Amounts falling due within one year

966,347

861,011

NET CURRENT ASSETS

1,314,996

1,006,927

TOTAL ASSETS LESS CURRENT LIABILITIES

1,795,989

1,569,089

CREDITORS

Amounts falling due after more than one year

6

(138,875

)

(150,427

)

PROVISIONS FOR LIABILITIES

(14,813

)

(27,565

)

NET ASSETS

1,642,301

1,391,097

CAPITAL AND RESERVES

Called up share capital

75

75

Share premium

1,900

1,900

Capital redemption reserve

25

25

Retained earnings

1,640,301

1,389,097

SHAREHOLDERS' FUNDS

1,642,301

1,391,097

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

G Wainwright - Director

1.	STATUTORY INFORMATION

Purely Outdoors U.K. 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 accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover represents net invoiced sales or goods, adjusted to include the sale value of goods delivered to customers but not invoiced until after the period, 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

50% on cost

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 Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

68,505

AMORTISATION

At 1 January 2024

and 31 December 2024

68,505

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

847,415

Additions

20,024

At 31 December 2024

867,439

DEPRECIATION

At 1 January 2024

285,253

Charge for year

101,193

At 31 December 2024

386,446

NET BOOK VALUE

At 31 December 2024

480,993

At 31 December 2023

562,162

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loans - more than 5 years

95,675

110,747

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

10,351

17,179

Between one and five years

46,138

17,105

56,489

34,284

8.	PENSION CONTRIBUTIONS

At the year end there were outstanding pension contributions of £1,520 (2023: £1,054).