REGISTERED NUMBER: 06288923 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OUTSIDE SPORT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A C Clarke

SECRETARY:

A C Clarke

REGISTERED OFFICE:

Wigan Hall

New Market Street

Wigan

Greater Manchester

WN1 1HH

REGISTERED NUMBER:

06288923 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

10,837

11,900

CURRENT ASSETS

Debtors

5

303,150

301,482

Cash at bank

6,568

12,338

309,718

313,820

CREDITORS

Amounts falling due within one year

6

327,795

291,895

NET CURRENT (LIABILITIES)/ASSETS

(18,077

)

21,925

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,240

)

33,825

PROVISIONS FOR LIABILITIES

2,709

2,975

NET (LIABILITIES)/ASSETS

(9,949

)

30,850

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(10,049

)

30,750

SHAREHOLDERS' FUNDS

(9,949

)

30,850

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

A C Clarke - Director

1.	STATUTORY INFORMATION

Outside Sport 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.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. the financial statements have been prepared under the historical cost convention.

The disclosure requirements of section 1a of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided and is shown net of VAT.

Turnover is recognised in accordance with the period that the customer has subscribed for.

Tangible fixed assets

Tangible fixed assets are stated cost less accumulated depreciation and accumulated impairment losses.

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

Plant and machinery etc. - 33.3% on cost and 15% reducing balance.

Financial instruments

The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, trade creditors and accruals.

Financial instruments that are payable or receivable within one year, typically bank accounts, trade debtors trade creditors and accruals, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

31,040

Additions

1,082

At 31 December 2024

32,122

DEPRECIATION

At 1 January 2024

19,140

Charge for year

2,145

At 31 December 2024

21,285

NET BOOK VALUE

At 31 December 2024

10,837

At 31 December 2023

11,900

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

231,552

234,389

Other debtors

71,598

67,093

303,150

301,482

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,670

6,770

Taxation and social security

65,033

56,914

Other creditors

257,092

228,211

327,795

291,895

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A C Clarke

Balance outstanding at start of year

4,059

-

Amounts advanced

-

4,059

Amounts repaid

(4,059

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,059

The amounts advanced in the previous year were unsecured, no interest has been charged and have been repaid to the company within nine months of the reporting date.

8.	RELATED PARTY DISCLOSURES

9.	POST BALANCE SHEET EVENTS

Since the reporting date dividends of £97,450 have been declared.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A C Clarke.