GB OUTDOOR LIMITED


Director	BRANFOOT, Grant


Company Secretary	HODGINS, Suzanne


Registered Address	167-169 Great Portland Street
	5th Floor
	London
	W1W 5PF


Place of Business	39 West Common
	Lindfield
	West Sussex
	RH16 2AJ


Registered Number	12800500 (England and Wales)

Notes to the Financial Statements
for the period 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.

	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).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	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.

	Amortisation
	Amortisation 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.

	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:


		Straight line (years)
	Plant and machinery	3
	Fixtures and fittings	7
	Vehicles	6
	Office Equipment	4

	Trade and other 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.

Trade and other 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.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Intangible assets
	The company acquired a license to let an advertising site.

		Total
		£
	Cost or valuation
	At 01 September 23	2,500
	At 31 December 24	2,500
	Amortisation and impairment
	At 01 September 23	63
	Charge for year	333
	At 31 December 24	396
	Net book value
	At 31 December 24	2,104
	At 31 August 23	2,437

4.	Useful life of intangible assets
	10 years

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 September 23	48,453
	Additions	89,752
	Disposals	(44,023)
	At 31 December 24	94,183
	Depreciation and impairment
	At 01 September 23	9,931
	Charge for year	19,367
	On disposals	(6,834)
	At 31 December 24	22,464
	Net book value
	At 31 December 24	71,718
	At 31 August 23	38,522

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	331,035	772,787
Other debtors	151,167	-
Prepayments and accrued income	207,015	170,285
Total	689,217	943,072

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	379,250	641,698
Bank borrowings and overdrafts	5,377	8,577
Taxation and social security	134,138	130,980
Dividends payable	-	14,350
Other creditors	428	49,813
Accrued liabilities and deferred income	352,424	313,109
Total	871,617	1,158,527

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	21,950	5,302
Total	21,950	5,302

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	8,958	6,381
Total	8,958	6,381

10.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £427.66 (2023 - £376.54) were due to the fund. They are included in other creditors.

11.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
BRANFOOT, Grant	0	108,183	1,495	106,688
Loan to Grant Branfoot
BRANFOOT, Grant	0	962	416	546
Loan to Suzanne Hodgins
BRANFOOT, Grant	0	5,500	0	5,500
Loan to Thomas Branfoot
	0	114,645	1,911	112,734


	The company advanced loans to the director and persons connected to him totalling £112,734 (2023: £0) at year-end. The sums are interest-free and repayable on demand.

12.	Related party transactions
	The director has significant influence over Starlite GB Outdoor Ltd, with whom the company spent £898,301 (2023: £808,016) renting advertising space, of which £90,010 (2023: £262,431) was in trade debtors at year-end. The company also invoiced Starlite GB Outdoor Ltd sales commission of £0 (2023: £77,610), of which £0 (2023: £57,500) was in trade creditors at year-end.

13.	Controlling party
	The company is controlled by the director.

	Notes	31 Dec 2024		31 Aug 2023
		£	£	£	£
Fixed assets
Intangible assets	3		2,104		2,437
Tangible assets	5		71,718		38,522
			73,822		40,959
Current assets
Debtors	6	689,217		943,072
Cash at bank and on hand		123,855		186,286
		813,072		1,129,358
Creditors amounts falling due within one year	7	(871,617)		(1,158,527)
Net current assets (liabilities)			(58,545)		(29,169)
Total assets less current liabilities			15,277		11,790
Creditors amounts falling due after one year	8		(21,950)		(5,302)
Provisions for liabilities	9		(8,958)		(6,381)
Net assets			(15,631)		107
Capital and reserves
Called up share capital			1		1
Profit and loss account			(15,632)		106
Shareholders' funds			(15,631)		107