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REGISTERED NUMBER: 12235122 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

OUTCOME SOLUTIONS & SERVICES LIMITED

OUTCOME SOLUTIONS & SERVICES LIMITED (REGISTERED NUMBER: 12235122)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OUTCOME SOLUTIONS & SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr B Gupta
Ms G Singh





REGISTERED OFFICE: 22-25 Portman Close
Courtaulds
London
W1H 6BS





REGISTERED NUMBER: 12235122 (England and Wales)






OUTCOME SOLUTIONS & SERVICES LIMITED (REGISTERED NUMBER: 12235122)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,170 2,335

CURRENT ASSETS
Debtors 5 39,715 8,271
Cash at bank and in hand 10,708 41,121
50,423 49,392
CREDITORS
Amounts falling due within one year 6 17,093 11,910
NET CURRENT ASSETS 33,330 37,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,500

39,817

CREDITORS
Amounts falling due after more than one year 7 17,955 24,955
NET ASSETS 18,545 14,862

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 18,535 14,852
SHAREHOLDERS' FUNDS 18,545 14,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21st August 2023 and were signed on its behalf by:





Mr B Gupta - Director


OUTCOME SOLUTIONS & SERVICES LIMITED (REGISTERED NUMBER: 12235122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

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

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

OUTCOME SOLUTIONS & SERVICES LIMITED (REGISTERED NUMBER: 12235122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 3,429
Additions 1,891
At 31st March 2023 5,320
DEPRECIATION
At 1st April 2022 1,094
Charge for year 1,056
At 31st March 2023 2,150
NET BOOK VALUE
At 31st March 2023 3,170
At 31st March 2022 2,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,715 6,871
Other debtors - 1,400
39,715 8,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,000 6,738
Taxation and social security 3,565 3,923
Other creditors 6,528 1,249
17,093 11,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,955 24,955

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 24,955 31,693

The loan is secured by the UK government.

OUTCOME SOLUTIONS & SERVICES LIMITED (REGISTERED NUMBER: 12235122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5 Ordinary - Class A 1 5 5
5 Ordinary - Class B 1 5 5
10 10

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,500 (2022 - £20,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr B Gupta.