Registered number
08476972
Out-House Consulting Limited
Filleted Accounts
30 April 2023
Out-House Consulting Limited
Registered number: 08476972
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 73,186 202
Current assets
Debtors 4 45,180 20,492
Cash at bank and in hand 292,739 338,220
337,919 358,712
Creditors: amounts falling due within one year 5 (17,953) (33,493)
Net current assets 319,966 325,219
Total assets less current liabilities 393,152 325,421
Provisions for liabilities (19,394) (95)
Net assets 373,758 325,326
Capital and reserves
Called up share capital 2 2
Profit and loss account 373,756 325,324
Shareholders' funds 373,758 325,326
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Reid
Director
Approved by the board on 10 October 2023
Out-House Consulting Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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 time incurred for work performed to date to the total estimated contract time.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 4,493 - 4,493
Additions 1,949 79,874 81,823
At 30 April 2023 6,442 79,874 86,316
Depreciation
At 1 May 2022 4,291 - 4,291
Charge for the year 852 7,987 8,839
At 30 April 2023 5,143 7,987 13,130
Net book value
At 30 April 2023 1,299 71,887 73,186
At 30 April 2022 202 - 202
4 Debtors 2023 2022
£ £
Trade debtors 41,634 18,576
Other debtors 3,546 1,916
45,180 20,492
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 16,668 32,693
Directors' loan account 485 -
Other creditors 800 800
17,953 33,493
6 Other information
Out-House Consulting Limited is a private company limited by shares and incorporated in England. Its registered office is:
Meridian House
16B Dennyview Road
Abbots Leigh
Bristol
BS8 3RB
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