Love Outdoors Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10720247

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		978		-
Tangible Assets	5		12,967		24,158

			13,945		24,158
CURRENT ASSETS
Stocks	6	65,042		65,042
Debtors	7	92,112		88,974
Cash at bank and in hand		18,870		-

		176,024		154,016
Creditors: Amounts Falling Due Within One Year	8	(352,409 )		(315,873 )

NET CURRENT ASSETS (LIABILITIES)			(176,385 )		(161,857 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(162,440 )		(137,699 )

Creditors: Amounts Falling Due After More Than One Year	9		(31,950 )		(34,782 )

NET LIABILITIES			(194,390 )		(172,481 )

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			(194,391 )		(172,482 )

SHAREHOLDERS' FUNDS			(194,390)		(172,481)

Page 1

Page 2

Love Outdoors Group Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

Miss Gillian Abrahams

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Love Outdoors Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10720247 . The registered office is 7 Jardine House , Harrovian Business Village, Bessborough Road, Harrow, HA1 3EX.

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 - Other Intangible

Other intangible assets are computer software It is amortised to profit and loss account over its estimated economic life of 5 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:

Plant & Machinery	20% SLM
Motor Vehicles	20% SLM
Fixtures & Fittings	20% SLM
Computer Equipment	20% SLM

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.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 4)

Page 3

Page 4

Love Outdoors Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	6,000
Additions	1,222

As at 30 September 2024	7,222

Amortisation
As at 1 October 2023	6,000
Provided during the period	244

As at 30 September 2024	6,244

Net Book Value
As at 30 September 2024	978

As at 1 October 2023	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	56,055	58,741	5,260	1,972	122,028
Additions	-	899	58	232	1,189

As at 30 September 2024	56,055	59,640	5,318	2,204	123,217

Depreciation
As at 1 October 2023	56,056	35,941	5,263	610	97,870
Provided during the period	-	11,930	9	441	12,380

As at 30 September 2024	56,056	47,871	5,272	1,051	110,250

Net Book Value
As at 30 September 2024	(1 )	11,769	46	1,153	12,967

As at 1 October 2023	(1 )	22,800	(3 )	1,362	24,158

6. Stocks

	2024	2023
	£	£
Finished goods	65,042	65,042

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	71,945	70,576
Other debtors	20,167	18,398

	92,112	88,974

Page 4

Page 5

Love Outdoors Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	46,886	35,650
Bank loans and overdrafts	-	7,232
Corporation tax	41,137	-
Other taxes and social security	44,150	148,397
VAT	85,540	-
Net wages	2,594	3,367
Other creditors	3,947	3,986
Pension payable	4,091	1,196
Director's loan account	124,064	116,045

	352,409	315,873

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	31,950	34,782

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

Page 5