Company No: 10529247 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	150,925		177,708
Investments	4	1		0
		150,926		177,708
Current assets
Stocks		9,717		8,480
Debtors	5	46,757		53,796
Cash at bank and in hand		68,595		83,589
		125,069		145,865
Creditors: amounts falling due within one year	6	( 104,052)		( 83,130)
Net current assets		21,017		62,735
Total assets less current liabilities		171,943		240,443
Creditors: amounts falling due after more than one year	7	( 252,197)		( 277,044)
Net liabilities		( 80,254)		( 36,601)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 80,354 )		( 36,701 )
Total shareholders' deficit		( 80,254)		( 36,601)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Avid Climbing Limited (registered number: 10529247) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Lindsay Barker Director

29 December 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Avid Climbing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit F, Bristol Court Betts Avenue, Martlesham Heath Business Park, Ipswich, IP5 3RY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	5 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		12

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	158,199		235,492		15,316		8,764		417,771
Additions	0		19,214		322		1,391		20,927
At 31 March 2025	158,199		254,706		15,638		10,155		438,698
Accumulated depreciation
At 01 April 2024	86,454		132,481		15,316		5,812		240,063
Charge for the financial year	17,034		29,446		32		1,198		47,710
At 31 March 2025	103,488		161,927		15,348		7,010		287,773
Net book value
At 31 March 2025	54,711		92,779		290		3,145		150,925
At 31 March 2024	71,745		103,011		0		2,952		177,708

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	0
Additions	1
At 31 March 2025	1
Carrying value at 31 March 2025	1
Carrying value at 31 March 2024	0

5. Debtors

	2025		2024
	£		£
Trade debtors	1,409		3,144
Prepayments	27,079		27,595
Other debtors	18,269		23,057
	46,757		53,796

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	24,237		24,237
Trade creditors	34,127		20,403
Amounts owed to Group undertakings	1		0
Accruals and deferred income	21,797		3,240
Other taxation and social security	16,340		22,577
Obligations under finance leases and hire purchase contracts	2,070		0
Other creditors	5,480		12,673
	104,052		83,130

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	60,738		85,585
Amounts owed to directors	191,459		191,459
	252,197		277,044

There are no amounts included above in respect of which any security has been given by the small entity.