Outsourced Artwork Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07437035 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

OUTSOURCED ARTWORK LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

J D Gorrod

Mrs A Gorrod

REGISTERED OFFICE:

18 Church Street

Ashton Under Lyne

Lancashire

OL6 6XE

REGISTERED NUMBER:

07437035 (England and Wales)

ACCOUNTANTS:

Hanley & Co

Chartered Accountants

18 Church Street

Ashton-under-Lyne

Lancashire

OL6 6XE

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

632

767

632

767

CURRENT ASSETS

Debtors

11,453

5,224

Cash at bank

4,645

15,509

16,098

20,733

CREDITORS

Amounts falling due within one year

7,617

10,527

NET CURRENT ASSETS

8,481

10,206

TOTAL ASSETS LESS CURRENT LIABILITIES

9,113

10,973

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,013

10,873

SHAREHOLDERS' FUNDS

9,113

10,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 November 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 July 2018 and were signed on its behalf by:

J D Gorrod - Director

1.	STATUTORY INFORMATION

Outsourced Artwork Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced value of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

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

-

33% on reducing balance and 15% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2016

and 30 November 2017

10,000

AMORTISATION

At 1 December 2016

and 30 November 2017

10,000

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

-

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 December 2016

and 30 November 2017

2,145

DEPRECIATION

At 1 December 2016

1,378

Charge for year

135

At 30 November 2017

1,513

NET BOOK VALUE

At 30 November 2017

632

At 30 November 2016

767

6.	ULTIMATE CONTROLLING PARTY

The controlling party is J D Gorrod.

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2017 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hanley & Co

Chartered Accountants

18 Church Street

Ashton-under-Lyne

Lancashire

OL6 6XE

26 July 2018