Company Registration No. 06648132 (England and Wales)
Outserve Limited
Unaudited accounts
for the year ended 31 March 2022
Outserve Limited
Unaudited accounts
Contents
Outserve Limited
Company Information
for the year ended 31 March 2022
Company Number
06648132 (England and Wales)
Registered Office
The Nook
Blithbury Road
Rugeley
Staffordshire
WS15 3HQ
Accountants
PJW Accounting Limited
The Nook
Blithbury Road
Rugeley
Staffordshire
WS15 3HQ
Outserve Limited
Statement of financial position
as at 31 March 2022
Tangible assets
19,107
18,764
Cash at bank and in hand
66,424
142,241
Creditors: amounts falling due within one year
(91,266)
(149,348)
Net current (liabilities)/assets
(18,489)
13,379
Called up share capital
2
2
Profit and loss account
616
32,141
Shareholders' funds
618
32,143
For the year ending 31 March 2022 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2022 and were signed on its behalf by
Phil Oakley
Director
Company Registration No. 06648132
Outserve Limited
Notes to the Accounts
for the year ended 31 March 2022
Outserve Limited is a private company, limited by shares, registered in England and Wales, registration number 06648132. The registered office is The Nook, Blithbury Road, Rugeley, Staffordshire, WS15 3HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Outserve Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
6,352
20,486
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
46,810
57,973
Trade creditors
10,396
12,462
Taxes and social security
13,084
26,818
Loans from directors
1,853
19,680
7
Average number of employees
During the year the average number of employees was 10 (2021: 10).
