Outserve Limited

Outserve Limited

OUTSERVE LIMITED - Company Information

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1 April 2022 false No description of principal activity Taxfiler 2023.5 06648132business:PrivateLimitedCompanyLtd2022-04-012023-03-31 066481322022-03-31 066481322022-04-012023-03-31 06648132business:AuditExemptWithAccountantsReport2022-04-012023-03-31 06648132business:FullAccounts2022-04-012023-03-31 066481322023-03-31 06648132business:Director12022-04-012023-03-31 06648132business:RegisteredOffice2022-04-012023-03-31 066481322022-03-31 06648132core:WithinOneYear2023-03-31 06648132core:WithinOneYear2022-03-31 06648132core:ShareCapital2023-03-31 06648132core:ShareCapital2022-03-31 06648132core:RetainedEarningsAccumulatedLosses2023-03-31 06648132core:RetainedEarningsAccumulatedLosses2022-03-31 06648132business:SmallEntities2022-04-012023-03-31 06648132countries:EnglandWales2022-04-012023-03-31 06648132core:FurnitureFittings2022-04-012023-03-31 06648132core:FurnitureFittings2022-03-31 06648132core:FurnitureFittings2023-03-31 066481322021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06648132 (England and Wales)
Outserve Limited Unaudited accounts for the year ended 31 March 2023
Outserve Limited Unaudited accounts Contents
Page
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Outserve Limited Company Information for the year ended 31 March 2023
Director
Phil Oakley
Company Number
06648132 (England and Wales)
Registered Office
Office 5 Newborough Road Needwood Burton on Trent Staffordshire DE13 9PD England
Accountants
PJW Accounting Limited Office 5 Newborough Road Needwood Burton on Trent Staffordshire DE13 9PD
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Outserve Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
11,756 
19,107 
Current assets
Debtors
5
16,321 
6,353 
Cash at bank and in hand
115,960 
66,424 
132,281 
72,777 
Creditors: amounts falling due within one year
6
(91,461)
(91,266)
Net current assets/(liabilities)
40,820 
(18,489)
Net assets
52,576 
618 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
52,574 
616 
Shareholders' funds
52,576 
618 
For the year ending 31 March 2023 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 17 May 2023 and were signed on its behalf by
Phil Oakley Director Company Registration No. 06648132
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Outserve Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Outserve Limited is a private company, limited by shares, registered in England and Wales, registration number 06648132. The registered office is Office 5 Newborough Road, Needwood, Burton on Trent, Staffordshire, DE13 9PD, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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Outserve Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
34,237 
Additions
630 
At 31 March 2023
34,867 
Depreciation
At 1 April 2022
15,130 
Charge for the year
7,981 
At 31 March 2023
23,111 
Net book value
At 31 March 2023
11,756 
At 31 March 2022
19,107 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,272 
6,352 
Other debtors
49 
1 
16,321 
6,353 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,482 
46,810 
VAT
25,331 
16,905 
Trade creditors
12,319 
10,396 
Taxes and social security
9,642 
13,084 
Other creditors
- 
518 
Loans from directors
8,987 
1,853 
Accruals
1,700 
1,700 
91,461 
91,266 
7
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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