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Petrichor Outdoor Ltd
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Notes to the financial statements
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for the year ended 31 August 2025
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1
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Company information
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Petrichor Outdoor Ltd is a private company registered in England and Wales. Its registered number is 12820435. The company is limited by shares. Its registered office is F2 East Court, Enterprise Road, Maidstone, Kent, ME15 6JF.
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2
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Accounting policies
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. As at 31 August 2025, the company had current liabilities and net current liabilities of £14,274 (2024: £14,632). The director has reviewed the working capital available at 31 August 2025 and is satisfied that the company will continue operating for at least the next 12 months from the signing of these accounts and pay its debts as they fall due. The director has therefore concluded that the accounts should be prepared on a going concern basis.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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Stocks
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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3
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Average number of employees
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During the year the average number of employees was 1 (2024 - 1).
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4
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Stock
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As at 31 August 2025, the closing stock value was £6,019 (2024: £9,114).
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2
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