Ovation Outdoor Limited - Filleted accounts

Registered number

12458395

Ovation Outdoor Limited

Filleted Accounts

28 February 2025

Ovation Outdoor Limited
Registered number:		12458395
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,723			5,451

Current assets
Stocks		2,122			67,350
Debtors	4	37,808			150,116
Cash at bank and in hand		291,808			354,696
		331,738			572,162

Creditors: amounts falling due within one year	5	(105,912)			(351,617)

Net current assets			225,826			220,545

Net assets			228,549			225,996

Capital and reserves
Called up share capital			10			10
Profit and loss account			228,539			225,986

Shareholder's funds			228,549			225,996

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Simon Tappenden
Director
Approved by the board on 5 October 2025

Ovation Outdoor Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer & Office equipment			over 3 years
	Plant & Machinery			over 3 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
				Plant & Machinery		Computer & Office equipment		Total
£					£		£
	Cost
	At 1 March 2024			2,394		6,425		8,819
	Additions			317		-		317
	At 28 February 2025			2,711		6,425		9,136

	Depreciation
	At 1 March 2024			384		2,984		3,368
	Charge for the year			904		2,141		3,045
	At 28 February 2025			1,288		5,125		6,413

	Net book value
	At 28 February 2025			1,423		1,300		2,723
	At 29 February 2024			2,010		3,441		5,451


4	Debtors					2025		2024
£							£

	Trade debtors					30,893		112,062
	Directors loan account					-		26,050
	Other debtors					6,915		12,004
						37,808		150,116


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					61,960		1,031
	Taxation and social security costs					8,481		40,301
	Directors loan account					3		-
	Other creditors					35,468		310,285
						105,912		351,617


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Simon Tappenden
	Loan	26,050		60,250		(86,303)		(3)

		26,050		60,250		(86,303)		(3)


7	Related party transactions

	The amount due to Ovation Commercial Services Limited at 28 February 2025 was £4,886 (2024: £176,972) and is included in other creditors. Other debtors at 28 February 2025 included £155 owing from Ovation Outdoor GmbH, a company in which the director S Tappenden has a material interest (2024: Nil)

8	Controlling party

	The company is controlled by Simon Tappenden by virtue of his 100% shareholding.
9	Other information

	Ovation Outdoor Limited is a private company limited by shares and incorporated in England. Its registered office is:
	22 Westhorpe
	Greatworth
	Banbury
	Oxfordshire
	OX17 2ED