Company Registration No. 06929827 (England and Wales)
Outbound Solutions UK Ltd
Unaudited accounts
for the year ended 31 July 2023
Outbound Solutions UK Ltd
Unaudited accounts
Contents
Outbound Solutions UK Ltd
Company Information
for the year ended 31 July 2023
Company Number
06929827 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
SHC Accountants Limited
19 Rochester Way
Croxley Green
Rickmansworth
Hertfordshire
WD3 3NE
Outbound Solutions UK Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
3,081
5,324
Cash at bank and in hand
156,214
189,870
Creditors: amounts falling due within one year
(127,644)
(128,890)
Net current assets
86,752
111,609
Total assets less current liabilities
89,833
116,933
Creditors: amounts falling due after more than one year
(21,812)
(40,926)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
67,425
74,985
Shareholders' funds
67,435
74,995
For the year ending 31 July 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 16 October 2023 and were signed on its behalf by
Mr S J Worden
Director
Company Registration No. 06929827
Outbound Solutions UK Ltd
Notes to the Accounts
for the year ended 31 July 2023
Outbound Solutions UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 06929827. The registered office is 3rd Floor 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
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.
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:
Plant & machinery
20% on cost
Fixtures & fittings
Over lease term
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on material timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Outbound Solutions UK Ltd
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
46,183
41,052
Accrued income and prepayments
3,338
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
19,114
18,184
Trade creditors
3,900
1,587
Taxes and social security
5,494
13,513
Other creditors
8,284
8,345
Deferred income
44,000
44,000
7
Creditors: amounts falling due after more than one year
2023
2022
Outbound Solutions UK Ltd
Notes to the Accounts
for the year ended 31 July 2023
8
Operating lease commitments
2023
2022
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
3,539
Later than one year and not later than five years
22,581
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
9,577
-
916
8,661
10
Average number of employees
During the year the average number of employees was 11 (2022: 8).
