REGISTERED NUMBER: 05850519 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Outdo Transport Limited

Previously known as

Adverta Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A K Walker

M A Brennan

REGISTERED OFFICE:

5a Clare Road

Halifax

HX1 2HX

REGISTERED NUMBER:

05850519 (England and Wales)

SENIOR STATUTORY AUDITOR:

Phillipa Symington ACA, CA(SA)

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,931

7,240

2,931

7,240

CURRENT ASSETS

Debtors

6

1,354,403

1,618,344

Cash at bank

458,299

491,767

1,812,702

2,110,111

CREDITORS

Amounts falling due within one year

7

(932,425

)

(2,116,968

)

NET CURRENT ASSETS/(LIABILITIES)

880,277

(6,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

883,208

383

CAPITAL AND RESERVES

Called up share capital

9

1,250,000

750,000

Retained earnings

(366,792

)

(749,617

)

SHAREHOLDERS' FUNDS

883,208

383

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

M A Brennan - Director

1.	STATUTORY INFORMATION

Outdo Transport 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going Concern

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade for a period of at least 12 months from the date the financial statements are approved. However the validity of the going concern basis is dependent upon the support of the group. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition

Revenue is recognised when the company satisfies its performance obligations under customer contracts:

Manufacturing and Installation

Revenue is recognised at the point of delivery and installation of advertising structures, when control passes to the customer.

Advertising Services

Revenue is recognised monthly over the period the advertising is displayed.

Concession Arrangements

Where the company operates under a revenue-sharing agreement with local councils, revenue is recognised gross. The council’s share is accrued as a liability based on contractual terms.

Deferred Income

Income received in advance of service delivery is deferred and recognised when the service is performed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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 the profit and loss in the period in which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

4,806

AMORTISATION

At 1 January 2024

and 31 December 2024

4,806

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

13,420

7,622

21,042

Additions

-

134

134

At 31 December 2024

13,420

7,756

21,176

DEPRECIATION

At 1 January 2024

9,415

4,387

13,802

Charge for year

1,966

2,477

4,443

At 31 December 2024

11,381

6,864

18,245

NET BOOK VALUE

At 31 December 2024

2,039

892

2,931

At 31 December 2023

4,005

3,235

7,240

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

245,256

266,876

Amounts owed by group undertakings

1,095,440

1,343,796

Other debtors

-

596

Deferred tax asset

1,148

-

Prepayments and accrued income

12,559

7,076

1,354,403

1,618,344

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

162,953

83,321

Amounts owed to group undertakings

-

951,744

Taxation and social security

164,819

156,439

Other creditors

47,265

100,831

Accruals

61,535

64,893

Deferred income

300,229

453,027

Concession commission accrual

195,624

306,713

932,425

2,116,968

8.	DEFERRED TAX

£

Provided during year

(1,148

)

Balance at 31 December 2024

(1,148

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,250,000,000

Ordinary

£0.00

1

1,250,000

750,000

500,000,000 Ordinary shares of £0.001 each were allotted and fully paid for cash at par value during the year. This change took place on 31 December 2024.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Outdo Holdings Limited (previously Community Partners Holdings Limited), a private company, limited by shares, registered in England and Wales.The company's registered office is 5a Clare Road, Halifax, England, HX1 2HX.

The parent undertaking is Outdo Media Limited (previously CP Media Limited), a limited company, registered in England and Wales. The company's registered office is 5a Clare Road, Halifax, England, HX1 2HX.

12.	COMPARATIVES

This is the first year that the company has been audited. In the prior year the company took advantage of the audit exemption available to small companies, therefore the comparatives in these financial statements for the year ended 31 December 2023 are unaudited. However, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period's financial statements.