IRIS Accounts Production v25.3.0.601 03201193 Board of Directors 29.2.24 28.2.25 28.2.25 true false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03201193 2024-02-28 03201193 2025-02-28 03201193 2024-02-29 2025-02-28 03201193 2023-02-28 03201193 2023-03-01 2024-02-28 03201193 2024-02-28 03201193 ns15:EnglandWales 2024-02-29 2025-02-28 03201193 ns14:PoundSterling 2024-02-29 2025-02-28 03201193 ns10:Director1 2024-02-29 2025-02-28 03201193 ns10:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 03201193 ns10:SmallEntities 2024-02-29 2025-02-28 03201193 ns10:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 03201193 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-29 2025-02-28 03201193 ns10:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 03201193 ns10:FullAccounts 2024-02-29 2025-02-28 03201193 1 2024-02-29 2025-02-28 03201193 ns10:Director2 2024-02-29 2025-02-28 03201193 ns10:CompanySecretary1 2024-02-29 2025-02-28 03201193 ns10:RegisteredOffice 2024-02-29 2025-02-28 03201193 ns5:CurrentFinancialInstruments 2025-02-28 03201193 ns5:CurrentFinancialInstruments 2024-02-28 03201193 ns5:Non-currentFinancialInstruments 2025-02-28 03201193 ns5:Non-currentFinancialInstruments 2024-02-28 03201193 ns5:ShareCapital 2025-02-28 03201193 ns5:ShareCapital 2024-02-28 03201193 ns5:RevaluationReserve 2025-02-28 03201193 ns5:RevaluationReserve 2024-02-28 03201193 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 03201193 ns5:RetainedEarningsAccumulatedLosses 2024-02-28 03201193 ns5:NetGoodwill 2024-02-29 2025-02-28 03201193 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-29 2025-02-28 03201193 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 03201193 ns5:LeaseholdImprovements 2024-02-29 2025-02-28 03201193 ns5:PlantMachinery 2024-02-29 2025-02-28 03201193 ns5:FurnitureFittings 2024-02-29 2025-02-28 03201193 ns5:MotorVehicles 2024-02-29 2025-02-28 03201193 ns5:ComputerEquipment 2024-02-29 2025-02-28 03201193 ns5:NetGoodwill 2024-02-28 03201193 ns5:NetGoodwill 2025-02-28 03201193 ns5:NetGoodwill 2024-02-28 03201193 ns5:LandBuildings 2024-02-28 03201193 ns5:LeaseholdImprovements 2024-02-28 03201193 ns5:PlantMachinery 2024-02-28 03201193 ns5:LandBuildings 2024-02-29 2025-02-28 03201193 ns5:LandBuildings 2025-02-28 03201193 ns5:LeaseholdImprovements 2025-02-28 03201193 ns5:PlantMachinery 2025-02-28 03201193 ns5:LandBuildings 2024-02-28 03201193 ns5:LeaseholdImprovements 2024-02-28 03201193 ns5:PlantMachinery 2024-02-28 03201193 ns5:FurnitureFittings 2024-02-28 03201193 ns5:MotorVehicles 2024-02-28 03201193 ns5:ComputerEquipment 2024-02-28 03201193 ns5:FurnitureFittings 2025-02-28 03201193 ns5:MotorVehicles 2025-02-28 03201193 ns5:ComputerEquipment 2025-02-28 03201193 ns5:FurnitureFittings 2024-02-28 03201193 ns5:MotorVehicles 2024-02-28 03201193 ns5:ComputerEquipment 2024-02-28 03201193 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 03201193 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-28 03201193 ns5:WithinOneYear 2025-02-28 03201193 ns5:WithinOneYear 2024-02-28 03201193 ns5:BetweenOneFiveYears 2025-02-28 03201193 ns5:BetweenOneFiveYears 2024-02-28 03201193 ns5:AllPeriods 2025-02-28 03201193 ns5:AllPeriods 2024-02-28 03201193 ns5:Secured 2025-02-28 03201193 ns5:Secured 2024-02-28

REGISTERED NUMBER: 03201193 (England and Wales)

| ACTIVATE OUTDOORS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

ACTIVATE OUTDOORS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | R D Crates

| M J King

| SECRETARY: | R D Crates

| REGISTERED OFFICE: | The New Forest Outdoor Centre

| Minstead Manor Estate

| Minstead, Emery Down

| Lyndhurst

| Hampshire

| SO43 7GA

| REGISTERED NUMBER: | 03201193 (England and Wales)

| BANKERS: | Lloyds Bank plc

| 39 High Street

| Lymington

| Hampshire

| SO41 9ZF

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

STATEMENT OF FINANCIAL POSITION

28 FEBRUARY 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Intangible assets | 4 | 499,899 |  | 558,131 |  |

Tangible assets | 5 | 1,077,058 |  | 1,101,886 |  |

1,576,957 |  | 1,660,017 |  |

CURRENT ASSETS

Debtors | 6 | 111,514 |  | 67,863 |  |

Cash at bank and in hand | 91,895 |  | 136,544 |  |

203,409 |  | 204,407 |  |

CREDITORS

Amounts falling due within one year | 7 | (578,906 | ) | (521,342 | ) |

NET CURRENT LIABILITIES | (375,497 | ) | (316,935 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,201,460 |  | 1,343,082 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (617,028 | ) | (720,903 | ) |

PROVISIONS FOR LIABILITIES | (91,790 | ) | (77,072 | ) |

NET ASSETS | 492,642 |  | 545,107 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

P&L reserve non-distributable | 211,477 |  | 226,196 |  |

Retained earnings | 281,065 |  | 318,811 |  |

SHAREHOLDERS' FUNDS | 492,642 |  | 545,107 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

STATEMENT OF FINANCIAL POSITION - continued

28 FEBRUARY 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by:

R D Crates - Director

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Activate Outdoors 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

| 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

| The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

| The company has taken advantage of the small companies exemption not to prepare consolidated accounts.

| Turnover

| Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 15-20 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 the cost less estimated residual value of each asset over its estimated useful life.

| Freehold property | - | 0 - 12.5% on cost

| Improvements to property | - | Straight line over 10 years

| Plant and machinery | - | at variable rates on reducing balance

| Fixtures and fittings | - | 10% Straight line

| Motor vehicles | - | 20% Reducing balance

| Computer equipment | - | 20% Reducing balance

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Financial assets

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| Financial liabilities

| Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

| Equity instruments

| Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 36 (2024 - 36 ) .

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | INTANGIBLE FIXED ASSETS

Goodwill |

| £

| COST

| At 29 February 2024

| and 28 February 2025 | 907,525 |  |

| AMORTISATION

| At 29 February 2024 | 349,394 |  |

| Amortisation for year | 58,232 |  |

| At 28 February 2025 | 407,626 |  |

| NET BOOK VALUE

| At 28 February 2025 | 499,899 |  |

| At 28 February 2024 | 558,131 |  |

5. | TANGIBLE FIXED ASSETS

Freehold | Improvements | Plant and |

property | to property | machinery |

| £ | £ | £

| COST OR VALUATION

| At 29 February 2024 | 1,001,099 |  | 18,613 |  | 165,399 |  |

| Additions | - |  | - |  | 2,164 |  |

| At 28 February 2025 | 1,001,099 |  | 18,613 |  | 167,563 |  |

| DEPRECIATION

| At 29 February 2024 | 14,821 |  | 8,623 |  | 82,438 |  |

| Charge for year | 2,964 |  | 3,722 |  | 15,938 |  |

| At 28 February 2025 | 17,785 |  | 12,345 |  | 98,376 |  |

| NET BOOK VALUE

| At 28 February 2025 | 983,314 |  | 6,268 |  | 69,187 |  |

| At 28 February 2024 | 986,278 |  | 9,990 |  | 82,961 |  |

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

5. | TANGIBLE FIXED ASSETS - continued

Fixtures |

and | Motor | Computer |

fittings | vehicles | equipment | Totals |

| £ | £ | £ | £

| COST OR VALUATION

| At 29 February 2024 | 43,018 |  | 35,632 |  | 23,996 |  | 1,287,757 |  |

| Additions | 1,901 |  | - |  | 1,000 |  | 5,065 |  |

| At 28 February 2025 | 44,919 |  | 35,632 |  | 24,996 |  | 1,292,822 |  |

| DEPRECIATION

| At 29 February 2024 | 34,600 |  | 27,326 |  | 18,063 |  | 185,871 |  |

| Charge for year | 3,125 |  | 2,629 |  | 1,515 |  | 29,893 |  |

| At 28 February 2025 | 37,725 |  | 29,955 |  | 19,578 |  | 215,764 |  |

| NET BOOK VALUE

| At 28 February 2025 | 7,194 |  | 5,677 |  | 5,418 |  | 1,077,058 |  |

| At 28 February 2024 | 8,418 |  | 8,306 |  | 5,933 |  | 1,101,886 |  |

| Cost or valuation at 28 February 2025 is represented by:

Freehold | Improvements | Plant and |

property | to property | machinery |

| £ | £ | £

| Valuation in 2019 | 115,958 |  | - |  | 24,608 |  |

| Valuation in 2022 | 100,000 |  | - |  | - |  |

| Cost | 785,141 |  | 18,613 |  | 142,955 |  |

1,001,099 |  | 18,613 |  | 167,563 |  |

Fixtures |

and | Motor | Computer |

fittings | vehicles | equipment | Totals |

| £ | £ | £ | £

| Valuation in 2019 | - |  | 2,108 |  | - |  | 142,674 |  |

| Valuation in 2022 | - |  | - |  | - |  | 100,000 |  |

| Cost | 44,919 |  | 33,524 |  | 24,996 |  | 1,050,148 |  |

44,919 |  | 35,632 |  | 24,996 |  | 1,292,822 |  |

| Freehold property was valued on an open market basis on 28 February 2025 by the directors .

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 109,751 |  | 63,762 |  |

| Other debtors | 1,763 |  | 4,101 |  |

111,514 |  | 67,863 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts | 64,360 |  | 64,360 |  |

| Trade creditors | 29,155 |  | 42,188 |  |

| Taxation and social security | 84,300 |  | 75,327 |  |

| Other creditors | 401,091 |  | 339,467 |  |

578,906 |  | 521,342 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans | 465,121 |  | 529,140 |  |

| Other creditors | 151,907 |  | 191,763 |  |

617,028 |  | 720,903 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more than 5 years

| by instalments | 465,121 |  | 529,140 |  |

465,121 |  | 529,140 |  |

9. | LEASING AGREEMENTS

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

2025 | 2024 |

| £ | £

| Within one year | 52,805 |  | 29,234 |  |

| Between one and five years | 42,804 |  | 95,968 |  |

95,609 |  | 125,202 |  |

ACTIVATE OUTDOORS LIMITED (REGISTERED NUMBER: 03201193)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

| £ | £

| Bank loans | 529,481 |  | 593,500 |  |

| The bank borrowing is secured by fixed and floating charges over the company's assets.