OUTLAW PRO LTD


Directors	CHURCH, Thomas Stephen
	HANNIGAN, Anthony James
	LAWSON, Stewart Leonard James
	STANTON, Jason David


Registered Address	Unit 5 Paycocke Mews
	Basildon
	SS14 3HU


Registered Number	12279261 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		-		239,429
Tangible assets	4		229,481		501,223
			229,481		740,652
Current assets
Stocks		847,659		1,013,627
Debtors		94,654		492,360
Cash at bank and on hand		54,739		60,189
		997,052		1,566,176
Creditors amounts falling due within one year		(250,266)		(243,462)
Net current assets (liabilities)			746,786		1,322,714
Total assets less current liabilities			976,267		2,063,366
Creditors amounts falling due after one year			(4,795,779)		(4,985,215)
Net assets			(3,819,512)		(2,921,849)
Capital and reserves
Called up share capital			376,000		376,000
Profit and loss account			(4,195,512)		(3,297,849)
Shareholders' funds			(3,819,512)		(2,921,849)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 31 December 2025, and are signed on its behalf by:

LAWSON, Stewart Leonard James
Director
Registered Company No. 12279261

OUTLAW PRO LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured 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.

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		4

3.	Intangible assets
	This Company ceased trading in the name of Fat Fish Tackle in December 2024.The goodwill arising on the acquisition of that business was reviewed for impairment at that date. As the business had been closed and no future economic benefits are expected to arise from that operation, the remaining carrying value of the goodwill was fully impaired in December 2024. The impairment charge recognised in the year amounted to £239,429 (2023: £nil). Goodwill is normally amortised over a period of 10 years. No further amortisation will be charged following the impairment. The carrying value of goodwill at the year end is £nil.

Intangible assets

This Company ceased trading in the name of Fat Fish Tackle in December 2024.The goodwill arising on the acquisition of that business was reviewed for impairment at that date.

As the business had been closed and no future economic benefits are expected to arise from that operation, the remaining carrying value of the goodwill was fully impaired in December 2024. The impairment charge recognised in the year amounted to £239,429 (2023: £nil).

Goodwill is normally amortised over a period of 10 years. No further amortisation will be charged following the impairment. The carrying value of goodwill at the year end is £nil.

		Total
		£
	Cost or valuation
	At 01 January 24	299,286
	At 31 December 24	299,286
	Amortisation and impairment
	At 01 January 24	59,857
	Charge for year	239,429
	At 31 December 24	299,286
	Net book value
	At 31 December 24	-
	At 31 December 23	239,429

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	884,904
	Disposals	(247,345)
	At 31 December 24	637,559
	Depreciation and impairment
	At 01 January 24	383,681
	Charge for year	163,856
	On disposals	(139,459)
	At 31 December 24	408,078
	Net book value
	At 31 December 24	229,481
	At 31 December 23	501,223