Outsurv Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07579289 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Outsurv Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C B Hill

SECRETARY:

P B Hill

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

CV3 1JN

REGISTERED NUMBER:

07579289 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

CURRENT ASSETS

Debtors

4

20,415

6,364

Cash at bank

3,462

350

23,877

6,714

CREDITORS

Amounts falling due within one year

5

34,484

30,134

NET CURRENT LIABILITIES

(10,607

)

(23,420

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,607

)

(23,420

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(10,707

)

(23,520

)

(10,607

)

(23,420

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2021 and were signed by:

C B Hill - Director

1.	STATUTORY INFORMATION

Outsurv 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 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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 6 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

Amounts owed by group undertakings

6,292

Other debtors

14,123

72

20,415

6,364

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

Amounts owed to group undertakings

34,009

29,209

Other creditors

475

925

34,484

30,134

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2021 and the period ended 31 March 2020:

31.3.21

31.3.20

£

C B Hill

Balance outstanding at start of year

-

1,699

Amounts advanced

2,499

800

Amounts repaid

-

(2,499

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,499

-

The above loan is interest free and is repaid in full following the balance sheet date.

7.	RELATED PARTY DISCLOSURES

During the year the company made sales of £72,300 (2020: £106,670) to CPB Surveys Limited; a group company. Other creditors include £11,409 (2020: £6,609) owed to this company.

Other creditors also includes £22,600 (2020: £22,600) owed to PCBH Finance Limited; a group company.

Other debtors includes £3,793 (2020: £6,292) owed by Boraston Holdings Limited; a group company.

Other debtors also includes £14,123 (2020: £Nil) owed by Tenghill Limited, a company incorporated in Ghana. The company is controlled by the directors of this company.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Christopher Hill and Peter Hill by virtue of their shareholdings in Boraston Holdings Limited; the parent company.

Outsurv Limited - Accounts to registrar (filleted) - small 18.2

Outsurv Limited - Accounts to registrar (filleted) - small 18.2