Outlook Management Consultants Limited - Period Ending 2015-03-31

Registration number: 05353591

Outlook Management Consultants Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Outlook Management Consultants Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Outlook Management Consultants Limited
(Registration number: 05353591)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			211			368
Current assets
Debtors					14,968			14,282
Cash at bank and in hand					7,190			7,571
					22,158			21,853
Creditors: Amounts falling due within one year					(20,273)			(20,202)
Net current assets					1,885			1,651
Total assets less current liabilities					2,096			2,019
Provisions for liabilities					(42)			(74)
Net assets					2,054			1,945
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					1,954			1,845
Shareholders' funds					2,054			1,945

For the year ending 31 March 2015 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 10 November 2015

 Mr A Denney
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Outlook Management Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Computer equipment	50% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rate effective at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		1,894			1,894
At 31 March 2015		1,894			1,894
Depreciation
At 1 April 2014		1,526			1,526
Charge for the year		157			157
At 31 March 2015		1,683			1,683
Net book value
At 31 March 2015		211			211
At 31 March 2014		368			368

Page 2

Outlook Management Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3