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OUT OF NOWHERE LIMITED - Company Information

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Out of Nowhere Limited

Registered Number:09983523

For the period ended 31 December 2017

England and Wales

Unaudited Financial Statements

For the period ended 31 December 2017

Out of Nowhere Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 December 2017

Out of Nowhere Limited

Statement of Financial Position

Registered Number :

09983523

2017

Notes

Current assets

Trade and other receivables

108,356

5,341

41,017

Cash and cash equivalents

8,155

13,496

149,373

Trade and other payables: amounts falling due within one

year

(548,278)

(490,792)

(398,905)

(477,296)

Net current liabilities

Total assets less current liabilities

(477,296)

(398,905)

(477,296)

Net liabilities

(398,905)

Capital and reserves

Called up share capital

100

Retained earnings

(477,396)

(399,005)

(477,296)

(398,905)

Shareholders' funds

For the period ended 31 December 2017 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 of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

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.

Mr L.J.M. Wolfman Director

These financial statements were approved and authorised for issue by the Board on 10 August 2018 and were signed by:

The notes form part of these financial statements

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For the period ended 31 December 2017

Out of Nowhere Limited

Notes to the Financial Statements

Statutory Information

Out of Nowhere Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09983523.

Registered address:

Omega Court

368 Cemetery Road

Sheffield

South Yorkshire

S11 8FS

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction

price. Any loss arising from impairment is recognised in the statement of comprehensive income with

administrative expenses.

2. Trade and other receivables

2017

Trade debtors

32,489

Other debtors

5,341

75,867

108,356

5,341

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For the period ended 31 December 2017

Out of Nowhere Limited

Notes to the Financial Statements Continued

3. Trade and other payables: amounts falling due within one year

2017

Trade creditors

34,730

76,328

Other creditors

456,062

471,950

490,792

548,278

4. Related party transactions

The company received loans in the year from AEI Live Limited. AEI Live Limited is a 50% shareholder in Out

of Nowhere Limited. The loan balance at the year end was £454,612, and this is included in "Other Creditors".

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