REGISTERED NUMBER: 03201193 (England and Wales)

ACTIVATE OUTDOORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R D Crates

M J King

SECRETARY:

R D Crates

REGISTERED OFFICE:

The New Forest Outdoor Centre

Minstead Manor Estate

Minstead, Emery Down

Lyndhurst

Hampshire

SO43 7GA

REGISTERED NUMBER:

03201193 (England and Wales)

FIXED ASSETS

Intangible assets

4

441,667

499,899

Tangible assets

5

1,061,839

1,077,058

1,503,506

1,576,957

CURRENT ASSETS

Debtors

6

68,869

111,514

Cash at bank and in hand

86,449

91,895

155,318

203,409

CREDITORS

Amounts falling due within one year

7

(600,730

)

(578,906

)

NET CURRENT LIABILITIES

(445,412

)

(375,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,058,094

1,201,460

CREDITORS

Amounts falling due after more than one year

8

(496,305

)

(617,028

)

PROVISIONS FOR LIABILITIES

(88,994

)

(91,790

)

NET ASSETS

472,795

492,642

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable reserve

183,308

211,477

Retained earnings

289,387

281,065

SHAREHOLDERS' FUNDS

472,795

492,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

R D Crates - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the small companies exemption not to prepare consolidated accounts.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 15-20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

0 - 12.5% on cost

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

10% Straight line

Motor vehicles

-

20% Reducing balance

Computer equipment

-

20% Reducing balance

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 recognised in the income statement.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2025 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

907,525

AMORTISATION

At 1 March 2025

407,626

Amortisation for year

58,232

At 28 February 2026

465,858

NET BOOK VALUE

At 28 February 2026

441,667

At 28 February 2025

499,899

5.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Plant and

property

to property

machinery

£

£

£

COST OR VALUATION

At 1 March 2025

1,001,099

18,613

167,563

Additions

-

-

2,900

At 28 February 2026

1,001,099

18,613

170,463

DEPRECIATION

At 1 March 2025

17,785

12,345

98,376

Charge for year

2,964

3,725

20,677

At 28 February 2026

20,749

16,070

119,053

NET BOOK VALUE

At 28 February 2026

980,350

2,543

51,410

At 28 February 2025

983,314

6,268

69,187

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 March 2025

44,919

35,632

24,996

1,292,822

Additions

11,038

3,000

2,164

19,102

At 28 February 2026

55,957

38,632

27,160

1,311,924

DEPRECIATION

At 1 March 2025

37,725

29,955

19,578

215,764

Charge for year

3,700

1,736

1,519

34,321

At 28 February 2026

41,425

31,691

21,097

250,085

NET BOOK VALUE

At 28 February 2026

14,532

6,941

6,063

1,061,839

At 28 February 2025

7,194

5,677

5,418

1,077,058

Cost or valuation at 28 February 2026 is represented by:

Freehold

Improvements

Plant and

property

to property

machinery

£

£

£

Valuation in 2019

115,958

-

24,608

Valuation in 2022

100,000

-

-

Cost

785,141

18,613

145,855

1,001,099

18,613

170,463

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2019

-

2,108

-

142,674

Valuation in 2022

-

-

-

100,000

Cost

55,957

36,524

27,160

1,069,250

55,957

38,632

27,160

1,311,924

Freehold property was valued on an open market basis on 28 February 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

60,335

109,751

Other debtors

8,534

1,763

68,869

111,514

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

63,175

64,360

Trade creditors

12,607

29,155

Taxation and social security

82,124

84,300

Other creditors

442,824

401,091

600,730

578,906

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

336,921

415,121

Other creditors

159,384

201,907

496,305

617,028

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

400,096

479,481

The bank borrowing is secured by fixed and floating charges over the company's assets.

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £55,387 (2025: £95,609).