Outdoor365 Limited - Limited company - abbreviated

REGISTERED NUMBER: 06601597 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2015

for

Outdoor365 Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R C Tanner

M H Farrar

REGISTERED OFFICE:

63 Osborne Road

Farnborough

Hampshire

GU14 6AP

REGISTERED NUMBER:

06601597 (England and Wales)

ACCOUNTANTS:

Martin & Co Accountants Ltd

63 Osborne Road

Farnborough

Hampshire

GU14 6AP

FIXED ASSETS

Intangible assets

2

3,140

3,925

Tangible assets

3

19,351

22,180

22,491

26,105

CURRENT ASSETS

Stocks

109,256

162,155

Debtors

12,914

7,510

Cash at bank

11,723

5,177

133,893

174,842

CREDITORS

Amounts falling due within one year

90,086

143,418

NET CURRENT ASSETS

43,807

31,424

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,298

57,529

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

66,297

57,528

SHAREHOLDERS' FUNDS

66,298

57,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 August 2015 and were signed on its behalf by:

R C Tanner - Director

M H Farrar - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible assets

Intangible assets is made up of the costs of the website used to sell the products. This is being amortised at 20%

on a reducing balance basis to write it off over its estimated useful life.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

11,138

AMORTISATION

At 1 June 2014

7,213

Amortisation for year

785

At 31 May 2015

7,998

NET BOOK VALUE

At 31 May 2015

3,140

At 31 May 2014

3,925

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

39,538

Additions

6,557

Disposals

(4,958

)

At 31 May 2015

41,137

DEPRECIATION

At 1 June 2014

17,358

Charge for year

6,449

Eliminated on disposal

(2,021

)

At 31 May 2015

21,786

NET BOOK VALUE

At 31 May 2015

19,351

At 31 May 2014

22,180

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

100

Ordinary

£0.01

1

5.	ULTIMATE PARENT COMPANY

Online365 Limited is regarded by the directors as being the company's ultimate parent company.

6.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the Directors, R Tanner and M Farrar, by virtue of their

shareholding in the parent company Online 365 Limited. R Tanner holds 740 and M Farrer 260 Ordinary £1

shares in Online365 Limited which in turn holds 100% of the issued share capital of Outdoor365 Limited.

Outdoor365 Limited - Limited company - abbreviated - 11.9

Outdoor365 Limited - Limited company - abbreviated - 11.9