Abbreviated Company Accounts - OUTLINE ACQUISITIONS LIMITED

OUTLINE ACQUISITIONS LIMITED - Company Information

04261068 OUTLINE ACQUISITIONS LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04261068 2014-01-01 2014-12-31 04261068 2014-12-31 04261068 2013-12-31 04261068 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04261068 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 iso4217:GBP shares

Registered Number 04261068

OUTLINE ACQUISITIONS LIMITED

Abbreviated Accounts

31 December 2014

OUTLINE ACQUISITIONS LIMITED Registered Number 04261068

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	20,417	22,917
Tangible assets	3	2,373	2,451
		22,790	25,368
Current assets
Cash at bank and in hand		161,415	206,951
		161,415	206,951
Creditors: amounts falling due within one year		(61,791)	(91,386)
Net current assets (liabilities)		99,624	115,565
Total assets less current liabilities		122,414	140,933
Provisions for liabilities		(407)	(408)
Total net assets (liabilities)		122,007	140,525
Capital and reserves
Called up share capital		12	12
Profit and loss account		121,995	140,513
Shareholders' funds		122,007	140,525

For the year ending 31 December 2014 the company was entitled to exemption 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.

Approved by the Board on 10 April 2015

And signed on their behalf by:
S.C. Matthews, Director

OUTLINE ACQUISITIONS LIMITED Registered Number 04261068

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is the value of land and property consultancy services supplied to clients during the period, excluding VAT.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life -

Office Equipment - 25% reducing balance
Computer Equipment - 33% straight line

Intangible assets amortisation policy
Intangible Assets are amortised at rates calculated to write off the asset over its estimated useful economic life -

Goodwill - 5% straight line

2Intangible fixed assets

	£
Cost
At 1 January 2014	50,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	50,000
Amortisation
At 1 January 2014	27,083
Charge for the year	2,500
On disposals	-
At 31 December 2014	29,583
Net book values
At 31 December 2014	20,417
At 31 December 2013	22,917

3Tangible fixed assets

	£
Cost
At 1 January 2014	14,711
Additions	1,253
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	15,964
Depreciation
At 1 January 2014	12,260
Charge for the year	1,331
On disposals	-
At 31 December 2014	13,591
Net book values
At 31 December 2014	2,373
At 31 December 2013	2,451

4Transactions with directors

Name of director receiving advance or credit:	Mr and Mrs S.C. Matthews
Description of the transaction:	Directors' Loan Account
Balance at 1 January 2014:	£ 51,904
Advances or credits made:	£ 838
Advances or credits repaid:	£ 2,467
Balance at 31 December 2014:	£ 50,275

The Directors' loan account is included in Other Creditors. Loans from directors are interest free and repayable on demand.