Company registration number 11290273 (England and Wales)
THE OUTDOOR LIVING COMPANY CROWBOROUGH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
THE OUTDOOR LIVING COMPANY CROWBOROUGH LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE OUTDOOR LIVING COMPANY CROWBOROUGH LTD (REGISTERED NUMBER: 11290273)
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,123
1,498
Current assets
Stocks
46,800
39,200
Debtors
4
5,789
6,217
Cash at bank and in hand
5,810
14,539
58,399
59,956
Creditors: amounts falling due within one year
5
(7,907)
(9,649)
Net current assets
50,492
50,307
Total assets less current liabilities
51,615
51,805
Creditors: amounts falling due after more than one year
6
(4,500)
(6,500)
Net assets
47,115
45,305
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
47,015
45,205
Total equity
47,115
45,305
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
THE OUTDOOR LIVING COMPANY CROWBOROUGH LTD (REGISTERED NUMBER: 11290273)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 December 2023 and are signed on its behalf by:
Mr P Crabtree
Director
THE OUTDOOR LIVING COMPANY CROWBOROUGH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
The Outdoor Living Company Crowborough Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Craven House, Croft Road, Crowborough, East Sussex, TN6 1HA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% 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 credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
THE OUTDOOR LIVING COMPANY CROWBOROUGH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 and 31 March 2023
1,998
Depreciation and impairment
At 1 April 2022
500
Depreciation charged in the year
375
At 31 March 2023
875
Carrying amount
At 31 March 2023
1,123
At 31 March 2022
1,498
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
17
Other debtors
2,772
3,217
2,789
3,217
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
3,000
3,000
Total debtors
5,789
6,217
THE OUTDOOR LIVING COMPANY CROWBOROUGH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
2,000
2,000
Trade creditors
2,997
Taxation and social security
4,608
3,417
Other creditors
1,299
1,235
7,907
9,649
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
4,500
6,500