Outsource Management Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03751955 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Outsource Management Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

M J O'Grady

REGISTERED OFFICE:

41 Bridgeman Terrace

Wigan

Lancashire

WN1 1TT

REGISTERED NUMBER:

03751955 (England and Wales)

ACCOUNTANTS:

HullJady

Chartered Accountants

41 Bridgeman Terrace

Wigan

Lancashire

WN1 1TT

FIXED ASSETS

Tangible assets

2

421

562

CURRENT ASSETS

Debtors

17,605

17,720

Cash at bank

1

9,380

17,606

27,100

CREDITORS

Amounts falling due within one year

15,776

21,616

NET CURRENT ASSETS

1,830

5,484

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,251

6,046

CAPITAL AND RESERVES

Called up share capital

3

4,998

Profit and loss account

(2,747

)

1,048

SHAREHOLDERS' FUNDS

2,251

6,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 July 2017 and were signed by:

M J O'Grady - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Although the company made losses in the year, the accounts have been prepared on the going concern basis as

post balance sheet the company has had an upturn in trade and the director believes this to be appropriate.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

749

DEPRECIATION

At 1 November 2015

187

Charge for year

141

At 31 October 2016

328

NET BOOK VALUE

At 31 October 2016

421

At 31 October 2015

562

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

4,998

Ordinary

£1

4,998

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Outsource Management Services Limited for the year ended 31 October 2016 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Outsource Management Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Outsource Management Services Limited and state those matters that we have agreed to state to the director of Outsource Management Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Outsource Management Services Limited director for our work or for this report.

It is your duty to ensure that Outsource Management Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Outsource Management Services Limited. You consider that Outsource Management Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Outsource Management Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HullJady

Chartered Accountants

41 Bridgeman Terrace

Wigan

Lancashire

WN1 1TT

28 July 2017