Registered number: 08493279
URBAN EXTREME LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2024 TO 31 JULY 2025
Urban Extreme Limited Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
Urban Extreme Limited Company Information For the Period 1 May 2024 to 31 July 2025
| Directors | Mr Jason Keith |
|---|---|
| Mrs Jane Keith | |
| Company Number | 08493279 |
| Registered Office | Urban Extreme Skatepark |
| James Freel Close | |
| Barrow-in-Furness | |
| Cumbria | |
| LA14 2NW | |
| Business | Urban Extreme Skatepark |
| James Freel Close | |
| Barrow-in-Furness | |
| Cumbria | |
| LA14 2NW | |
| Accountants | Roby Brimley & Co Ltd |
| Chartered Accountants | |
| 5-7 Farrington Street | |
| Chorley | |
| PR7 1DY |
Page 1
Urban Extreme Limited Company No. 08493279 Directors' Report For the Period 1 May 2024 to 31 July 2025
The directors present their report and the financial statements for the period ended 31 July 2025.
Directors
The directors who held office during the period were as follows:
Mr Jason Keith
Mrs Jane Keith
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mrs Jane Keith Director 07/05/2026
Page 2
Urban Extreme Limited Accountant's Report For the Period 1 May 2024 to 31 July 2025
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Urban Extreme Limited for the period 1 May 2024 to 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Urban Extreme Limited for the period 1 May 2024 to 31 July 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-andguidance.
This report is made solely to the directors of Urban Extreme Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Urban Extreme Limited and state those matters that we have agreed to state to the directors of Urban Extreme Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Urban Extreme Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Urban Extreme Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Urban Extreme Limited. You consider that Urban Extreme Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Urban Extreme Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
07/05/2026
Roby Brimley & Co Ltd Chartered Accountants 5-7 Farrington Street Chorley PR7 1DY
Page 3
Urban Extreme Limited Income and Expenditure Account For the Period 1 May 2024 to 31 July 2025
| Notes TURNOVER GROSS SURPLUS Administrative expenses OPERATING (DEFICIT)/SURPLUS Deficit on disposal of fixed assets Interest payable and similar charges DEFICIT FOR THE FINANCIAL PERIOD |
31 July 2025 £ 76,674 76,674 (87,415) (10,741) (59,160) (1,973) (71,874) |
30 April 2024 £ 78,654 |
|---|---|---|
| 78,654 (77,570) |
||
| 1,084 - (1,428) |
||
| (344) |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Urban Extreme Limited Balance Sheet As At 31 July 2025
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling Due After More Than One Year 7 NET (LIABILITIES)/ASSETS Income and Expenditure Account MEMBERS' FUNDS |
31 July 2025 £ £ - - - - - (11,587) (11,587) (11,587) - (11,587) (11,587) (11,587) |
31 July 2025 £ £ - - - - - (11,587) (11,587) (11,587) - (11,587) (11,587) (11,587) |
30 April 2024 £ £ 67,015 67,015 5,167 1,764 6,931 (9,909) (2,978) 64,037 (3,750) 60,287 60,287 60,287 |
30 April 2024 £ £ 67,015 67,015 5,167 1,764 6,931 (9,909) (2,978) 64,037 (3,750) 60,287 60,287 60,287 |
|---|---|---|---|---|
| - (11,587) |
67,015 (2,978) |
|||
| - (11,587) |
6,931 (9,909) |
|||
| (11,587) | 64,037 | |||
| - | (3,750) | |||
| (11,587) | 60,287 | |||
| (11,587) | 60,287 | |||
| (11,587) | 60,287 |
For the period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mrs Jane Keith Director 07/05/2026
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Urban Extreme Limited Notes to the Financial Statements For the Period 1 May 2024 to 31 July 2025
1. General Information
Urban Extreme Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08493279. The registered office is Urban Extreme Skatepark, James Freel Close, Barrow-in-Furness, Cumbria, LA14 2NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 4% Straight Line Plant & Machinery 10% Reducing Balance Fixtures & Fittings 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: )
4. Tangible Assets
Land & Property
| Cost As at 1 May 2024 Disposals As at 31 July 2025 Depreciation As at 1 May 2024 Provided during the period Disposals As at 31 July 2025 |
Leasehold £ 14,007 (14,007) |
Plant & Machinery £ 135,746 (135,746) |
Fixtures & Fittings £ 18,481 (18,481) |
Total £ 168,234 (168,234) - 101,219 7,856 (109,075) - ...CONTINUED |
|---|---|---|---|---|
| - | - | - | ||
| 2,800 701 (3,501) |
85,296 6,180 (91,476) |
13,123 975 (14,098) |
||
| - | - | - | ||
Page 6
Urban Extreme Limited Notes to the Financial Statements (continued) For the Period 1 May 2024 to 31 July 2025
| Net Book Value As at 31 July 2025 As at 1 May 2024 5. Debtors Due within one year Amounts owed by group undertakings 6. Creditors: Amounts Falling Due Within One Year Trade creditors Bank loans and overdrafts Amounts owed to group undertakings Other creditors 7. Creditors: Amounts Falling Due After More Than One Bank loans |
- | - | - | - |
|---|---|---|---|---|
| 11,207 | 50,450 | 5,358 | 67,015 | |
| Year | 30 April 2024 £ 5,167 |
|||
| 30 April 2024 £ 1 3,000 2,659 4,249 |
||||
| 9,909 | ||||
| 30 April 2024 £ 3,750 |
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 7
Urban Extreme Limited Detailed Income and Expenditure Account For the Period 1 May 2024 to 31 July 2025
| TURNOVER Sales GROSS SURPLUS Administrative Expenses Wages and salaries Rent Rates Light and heat Repairs and maintenance Insurance Printing, postage and stationery Telecommunications and data costs Accountancy fees Bank charges Depreciation Sundry expenses OPERATING (DEFICIT)/SURPLUS Deficit on disposal of intangible fixed assets Deficit on disposal of tangible fixed assets Interest payable and similar charges Bank interest payable Other interest payable DEFICIT FOR THE FINANCIAL PERIOD |
31 July 2025 £ £ 76,674 76,674 21,043 23,250 1,338 2,777 1,822 3,552 276 465 1,590 410 7,855 23,037 (87,415) (10,741) (10,506) (48,654) (59,160) 157 1,816 (1,973) (71,874) |
31 July 2025 £ £ 76,674 76,674 21,043 23,250 1,338 2,777 1,822 3,552 276 465 1,590 410 7,855 23,037 (87,415) (10,741) (10,506) (48,654) (59,160) 157 1,816 (1,973) (71,874) |
30 April 2024 £ £ 78,654 78,654 19,651 27,600 212 3,011 5,490 3,750 968 342 1,530 333 7,109 7,574 (77,570) 1,084 - - - 210 1,218 (1,428) (344) |
30 April 2024 £ £ 78,654 78,654 19,651 27,600 212 3,011 5,490 3,750 968 342 1,530 333 7,109 7,574 (77,570) 1,084 - - - 210 1,218 (1,428) (344) |
|---|---|---|---|---|
| (10,506) (48,654) |
- - |
|||
| (10,741) (59,160) (1,973) |
1,084 - (1,428) |
|||
| 157 1,816 |
210 1,218 |
|||
| (71,874) | (344) |
Page 8