ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 10755829

THE OUTDOORS GROUP LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025


THE OUTDOORS GROUP LTD REGISTERED NUMBER:10755829

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		8,236		11,949
Tangible assets	5		505,813		425,744
			514,049		437,693
Current assets
Debtors: amounts falling due after more than one year	6	353,841		366,923
Debtors: amounts falling due within one year	6	181,148		107,902
Cash at bank and in hand		196,384		989,190
		731,373		1,464,015
Creditors: amounts falling due within one year	7	(401,169)		(1,419,554)
Net current assets			330,204		44,461
Total assets less current liabilities			844,253		482,154
Creditors: amounts falling due after more than one year	8		(134,470)		(192,779)
Provisions for liabilities
Deferred tax	10	(56,782)		(38,078)
			(56,782)		(38,078)
Net assets			653,001		251,297

Capital and reserves
Called up share capital	600	600
Profit and loss account	652,401	250,697
	653,001	251,297

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THE OUTDOORS GROUP LTD REGISTERED NUMBER:10755829

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 December 2025.

T Lowday

Director

The notes on pages 3 to 14 form part of these financial statements.

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The Outdoors Group Ltd is a private company, limited by shares, domiciled in England and Wales. The registered office is Western Lodge, Western Road, Crediton, England, EX17 3NH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Leasehold property	-	10- 20 years straight-line
Motor vehicles	-	25% reducing balance
Office equipment	-	4 years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.15

Financial instruments

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

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.15

Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 127 (2024 - 111).

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Intangible assets

	Website	Goodwill	Total
	£	£	£
Cost
At 1 April 2024	17,810	3,000	20,810
At 31 March 2025	17,810	3,000	20,810
Amortisation
At 1 April 2024	8,311	550	8,861
Charge for the year on owned assets	3,563	150	3,713
At 31 March 2025	11,874	700	12,574
Net book value
At 31 March 2025	5,936	2,300	8,236
At 31 March 2024	9,499	2,450	11,949

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Tangible fixed assets

	Freehold property	Motor vehicles	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	325,994	70,958	156,964	553,916
Additions	19,656	13,000	128,623	161,279
Disposals	-	-	(32,105)	(32,105)
At 31 March 2025	345,650	83,958	253,482	683,090
Depreciation
At 1 April 2024	28,478	8,051	91,643	128,172
Charge for the year on owned assets	20,308	4,888	42,439	67,635
Charge for the year on financed assets	-	10,938	-	10,938
Disposals	-	-	(29,468)	(29,468)
At 31 March 2025	48,786	23,877	104,614	177,277
Net book value
At 31 March 2025	296,864	60,081	148,868	505,813
At 31 March 2024	297,516	62,907	65,321	425,744

Assets held under hire purchase agreements are included in tangible fixed assets and are depreciated over their expected useful lives on the same basis as owned assets. The net book value of these assets at the year end was £38,057 (2024: £48,996). The corresponding liability is included in creditors.

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Debtors
		2025	2024
		£	£

Due after more than one year
Other debtors	353,841	366,923
	353,841	366,923

					2025	2024
					£	£

Due within one year
Trade debtors	95,499	52,884
Other debtors	30,815	19,376
Prepayments and accrued income	54,834	35,642
	181,148	107,902

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	46,101	38,538
Trade creditors	42,172	25,470
Corporation tax	127,666	79,819
Other taxation and social security	125,799	64,363
Obligations under finance lease and hire purchase contracts	9,999	9,626
Other creditors	15,295	48,681
Accruals and deferred income	34,137	1,153,057
	401,169	1,419,554

The following liabilities were secured:
	2025	2024
	£	£


Obligations under finance lease and hire purchase contracts	9,999	9,626
	9,999	9,626

Details of security provided:

The finance lease and hire purchase obligation is secured upon the asset to which it relates.

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	103,973	152,284
Net obligations under finance leases and hire purchase contracts	30,497	40,495
	134,470	192,779

The following liabilities were secured:
	2025	2024
	£	£


Obligations under finance lease and hire purchase contracts	30,497	40,495
	30,497	40,495

Details of security provided:

The finance lease and hire purchase obligation is secured upon the asset to which it relates.

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	46,101	38,538
	46,101	38,538
Amounts falling due 1-2 years
Bank loans	52,159	46,102
	52,159	46,102
Amounts falling due 2-5 years
Bank loans	51,814	106,182
	51,814	106,182

	150,074	190,822

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THE OUTDOORS GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10.	Deferred taxation

		2025
		£

	At beginning of year	(38,078)
	Charged to profit or loss	(18,704)
	At end of year	(56,782)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(56,782)	(38,078)
		(56,782)	(38,078)

11.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £64,984 (2024 - £51,927). Contributions totalling £14,658 (2024 - £10,615) were payable to the fund at the balance sheet date and are included in creditors.

12.	Related party transactions
	A charge has been placed against the company on the 1st June 2021. This relates to a loan taken out by a connected company Lowday Pring Holdings Limited (Co No 12108975) to purchase freehold properties. The freehold properties are used by The Outdoors Group Limited in their trading activites and a market value rent is paid.

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